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Associate Insurance Accounting Jobs in Illinois (NOW HIRING)

Group O

Accounting Associate

Milan, IL · On-site

$18 - $24/hr

Accounting Associate Department: Finance Employment Type: Full Time Location: Milan 4905 Reporting ... Medical, Dental, Vision, and Life Insurance * Flexible Spending Accounts (Medical and Dependent ...

Group O

Accounting Associate

Milan, IL

$18 - $24/hr

The Accounting Associate plays a key role in supporting Group O's financial operations. This ... N/A * Medical, Dental, Vision, and Life Insurance * Flexible Spending Accounts (Medical and ...

Cedarstone

Accounting Associate

Wheaton, IL · On-site

$19 - $21/hr

Accounting Associate Cedarstone began in 1993 as one friend helping another establish a nonprofit ... Illness Insurance.) * Success Measures: * * Maintain high client retention. * Execute client ...

Cedarstone

Accounting Associate

Wheaton, IL · On-site +1

$19 - $21/hr

Accounting Associate Cedarstone began in 1993 as one friend helping another establish a nonprofit ... Illness Insurance.) * Success Measures: * * Maintain high client retention. * Execute client ...

IMEG

Accounting Associate

Rock Island, IL · On-site

$45K - $55K/yr

IMEG is hiring an Accounting Associate in Rock Island, Illinois. In this role, you will process ... In addition, IMEG Corp. provides a variety of benefits to employees, including health insurance ...

DHJJ

Accounting Senior Associate

Naperville, IL · On-site

Applies accounting knowledge to record and analyze client data with neat and accurate work as part ... Group health insurance offered through BCBS (Health & Dental), VSP (Vision), HealthEquity (HSA, FSA ...

DHJJ

Accounting Senior Associate

Naperville, IL · On-site

$70K - $105K/yr

Applies accounting knowledge to record and analyze client data with neat and accurate work as part ... Group health insurance offered through BCBS (Health & Dental), VSP (Vision), HealthEquity (HSA, FSA ...

DHJJ

Accounting Associate

Naperville, IL

Who You Are: You are an accountant who enjoys helping clients and collaborating with your co ... Group health insurance offered through BCBS (Health & Dental), VSP (Vision), HealthEquity (HSA, FSA ...

DHJJ

Accounting Associate

Naperville, IL · On-site

$60K - $85K/yr

Who You Are: You are an accountant who enjoys helping clients and collaborating with your co ... Group health insurance offered through BCBS (Health & Dental), VSP (Vision), HealthEquity (HSA, FSA ...

Aprio

Senior Accounting Associate - Real Estate

Chicago, IL · On-site +1

$73K - $117K/yr

Senior Accounting Associates are highly client-facing, proactive, and spend the majority of their ... Perks/Benefits we offer for full-time team members: - Medical, Dental, and Vision Insurance on the ...

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All JobsAssociate Insurance Accounting JobsAssociate Insurance Accounting Jobs in Illinois

Associate Insurance Accounting information

What does an Associate Insurance Accounting professional do?

An Associate Insurance Accounting professional is responsible for supporting the financial operations of an insurance company. Their duties typically include processing insurance premiums, recording financial transactions, preparing financial statements, and ensuring compliance with accounting standards and regulations. They often work closely with other finance team members to reconcile accounts, assist with audits, and analyze financial data related to insurance policies. This role requires strong attention to detail and knowledge of both accounting principles and the insurance industry.

What is the difference between Associate Insurance Accounting vs Insurance Accountant?

AspectAssociate Insurance AccountingInsurance Accountant
CredentialsTypically requires a bachelor's degree in accounting, finance, or related field; certifications like CPA or CPCU are a plusUsually requires a bachelor's degree; CPA certification is common and preferred
Work EnvironmentEntry-level role in insurance companies, accounting firms, or third-party administratorsMid-level role within insurance companies, handling complex accounting tasks
Job ResponsibilitiesAssisting with financial data entry, reconciliations, and basic reportingPreparing financial statements, analyzing accounts, and ensuring compliance
Common UsageOften an entry point for careers in insurance accountingMore experienced role with greater responsibility in financial management

In summary, Associate Insurance Accounting is an entry-level position focusing on basic accounting tasks within the insurance industry, often serving as a stepping stone to more advanced roles like Insurance Accountant, which involves more complex financial analysis and reporting.

What are some common challenges faced by Associate Insurance Accounting professionals during month-end and year-end close processes?

Associate Insurance Accounting professionals often face tight deadlines and large volumes of data during month-end and year-end close periods. These periods require meticulous attention to detail in reconciling accounts, verifying transactions, and preparing financial statements that comply with regulatory standards. Effective communication with underwriters, claims teams, and external auditors is essential to resolve discrepancies quickly and ensure the accuracy of reports. Being proactive and organized helps manage the workload and reduces the risk of errors or delays.

What are the key skills and qualifications needed to thrive as an Associate Insurance Accounting professional, and why are they important?

To excel as an Associate Insurance Accounting professional, you need a solid understanding of accounting principles, insurance industry practices, and a bachelor’s degree in accounting or finance. Familiarity with accounting software like SAP, Oracle, or QuickBooks, and knowledge of insurance-specific systems such as policy administration and claims management tools, are commonly required. Attention to detail, analytical thinking, and strong organizational and communication skills help you stand out in this role. These competencies ensure accurate financial reporting and compliance, supporting the financial health and regulatory obligations of the insurance organization.
What are the most commonly searched types of Insurance Accounting jobs in Illinois? The most popular types of Insurance Accounting jobs in Illinois are:
What cities in Illinois are hiring for Associate Insurance Accounting jobs? Cities in Illinois with the most Associate Insurance Accounting job openings:
Associate Insurance Accounting jobs near you
Accounting Associate

Accounting Associate

Group O

Milan, IL • On-site

$18 - $24/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago

Group O rating

7.5

Company rating: 7.5 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

Job description

Accounting Associate
Department: Finance
Employment Type: Full Time
Location: Milan 4905
Reporting To: Amy Ayers
Compensation: $18.00 - $24.00 / hour
Description
The Accounting Associate plays a key role in supporting Group O's financial operations. This position works closely with the accounting team to ensure accurate and timely recording of financial transactions. The role contributes to the organization's financial integrity by maintaining compliance, accuracy, and consistency across accounting processes.
Key Responsibilities
Essential Functions:
  • Process invoices and receipts accurately and in a timely manner.
  • Reconcile accounts payable and receivable balances with vendor and client statements.
  • Ensure proper coding and classification of transactions.
  • Navigate multiple client portals for invoice entry and research.
  • Participate in the evaluation and implementation of accounting systems and process improvements to enhance efficiency, accuracy, and control.
  • Collaborate with other departments such as finance, operations, and procurement to gather information, resolve issues, and support business objectives.
  • Communicate with customers and suppliers on a professional level.
  • Monitor and manage assigned accounts.
  • Research and resolve billing discrepancies and short payments.
  • Reconcile client accounts and provide detailed aging updates.

Job Qualifications
Education/Certifications:
  • High School Diploma

Experience:
  • Strong proficiency in Microsoft Office

Preferred Experience:
  • Prior experience in accounting or finance roles.

Skills and Qualifications:
  • Understanding of accounting principles and practices.
  • Diligence and accuracy in data entry.
  • Excellent organizational, time management, and multitasking abilities.
  • Ability to work independently and as part of a team in a challenging environment.
  • Commitment to integrity, confidentiality, and professionalism.

Physical Requirements : N/A
Benefits
  • Medical, Dental, Vision, and Life Insurance
  • Flexible Spending Accounts (Medical and Dependent Care)
  • 401(k) Plan with Company Match
  • Generous Paid Time Off
  • 10.5 Paid Holidays
  • Career Development Opportunities

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