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Insurance Agency Accounting Jobs in Massachusetts

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Insurance Agency Accounting information

See Massachusetts salary details

$48.1K

$104.5K

$150.7K

How much do insurance agency accounting jobs pay per year?

As of Aug 30, 2026, the average yearly pay for insurance agency accounting in Massachusetts is $104,471.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,200.00 and $122,300.00 per year, depending on experience, location, and employer.

What is insurance agency accounting?

Insurance agency accounting refers to the specialized financial management and bookkeeping practices used by insurance agencies. This includes handling commissions, premiums, client accounts, carrier payables, and regulatory compliance. The goal is to accurately track agency income and expenses, ensure timely payments to carriers and agents, and maintain financial records for audits and tax purposes. Proper insurance agency accounting helps agencies stay financially healthy and compliant with industry regulations.

What are the key skills and qualifications needed to thrive in insurance agency accounting?

To thrive in Insurance Agency Accounting, you need a solid understanding of accounting principles, financial reporting, and insurance industry regulations, typically supported by a degree in accounting or finance. Familiarity with accounting software such as QuickBooks, agency management systems, and knowledge of GAAP or other relevant certifications like CPA are highly beneficial. Attention to detail, analytical thinking, and strong organizational skills are crucial soft skills for managing complex financial data and meeting deadlines. These competencies ensure accurate financial records, regulatory compliance, and the efficient financial operation of the insurance agency.

What are some common challenges faced by professionals working in insurance agency accounting?

Professionals in insurance agency accounting often face the challenge of managing complex commission structures, which may involve handling multiple carriers and varying rates. They must also ensure timely reconciliation of premium payments and accurate tracking of receivables and payables, which requires close attention to detail. Additionally, staying current with regulatory changes and collaborating with both sales teams and underwriters to resolve discrepancies can be demanding but is essential for accurate financial reporting. Strong organizational skills and effective communication are key to navigating these challenges successfully.

What is the difference between Insurance Agency Accounting vs Insurance Agent?

AspectInsurance Agency AccountingInsurance Agent
Primary RoleManaging financial records, bookkeeping, and accounting tasks for insurance agenciesSelling insurance policies and advising clients on coverage options
Required CredentialsAccounting certifications or finance background; sometimes insurance licensesInsurance license; sales and customer service skills
Work EnvironmentOffice setting, working with financial data and softwareField and office, interacting directly with clients
Industry UsageSupports insurance agencies' financial operationsDirectly involved in client acquisition and policy sales

Insurance Agency Accounting focuses on managing the financial aspects of insurance agencies, including bookkeeping and financial reporting. In contrast, Insurance Agents primarily sell policies and build client relationships. Both roles are essential in the insurance industry but serve different functions within the agency.

What does an insurance agency accountant do in an insurance company?

An insurance agency accountant manages financial records related to insurance policies, claims, and commissions. They prepare financial statements, ensure compliance with regulations, and use accounting software to track income and expenses within the agency. Strong attention to detail and knowledge of insurance industry practices are essential for this role.

What are popular job titles related to Insurance Agency Accounting jobs in Massachusetts?

For Insurance Agency Accounting jobs in Massachusetts, the most frequently searched job titles are:

What job categories do people searching Insurance Agency Accounting jobs in Massachusetts look for?

The top searched job categories for Insurance Agency Accounting jobs in Massachusetts are:

Insurance Agency Accounting jobs near you
Infographic showing various Insurance Agency Accounting job openings in Massachusetts as of August 2026, with employment types broken down into 100% Full Time. Highlights an 84% In-person, and 16% Hybrid job distribution, with an average salary of $104,471 per year, or $50.2 per hour.

Manager, Agency Finance & Comparion Insurance Agency CFO

Liberty Mutual Insurance

Boston, MA • On-site

$179K/yr

Full-time

Re-posted 16 days ago

Liberty Mutual rating

8.7

Company rating: 8.7 out of 10

Based on 162 frontline employees who took The Breakroom Quiz

72nd of 315 rated insurance

Job description

Description
The Agency Finance leader is responsible for driving financial planning, long-term forecasting, reporting, controls, and operational excellence across Comparion Insurance Agency (CIA), the Liberty Mutual Insurance Agency (LMIA), and the broader Agency Distribution Services (ADS) organization. This individual serves as a critical thought partner to business leaders, providing strategic financial insights that inform channel economics, compensation design, and growth initiatives. The role leads a team that ensures revenue is accurately captured and allocated, expenses are managed with discipline, and financial operations - including accounts receivable, accounts payable, and compensation administration - run with precision and efficiency.
Responsibilities
  • Lead annual and ongoing planning/forecasting processes for CIA, LMIA and ADS.
  • Own P&L development, Monthly Operating Reviews (MORs), and budget-versus-actual reporting for CIA and LMIA Choice channels.
  • Partner with USRM (US Retail Market) Finance to ensure CIA and LMIA financial plans and results are accurately reported in consolidated USRM financials.
  • Facilitate the stakeholder expense roadmap process, connecting investment decisions to business outcomes and productivity metrics.
  • Implement and maintain financial reporting and controls that support accurate, timely, and compliant financial results.
  • Oversee revenue allocation, booking, and reconciliation processes; ensure adherence to accounting standards and policy.
  • Manage contract set-up, mapping, invoicing, and ongoing financial support in partnership with internal stakeholders.
  • Oversee accounts receivable (carrier and vendor receivables) and accounts payable (agent and vendor disbursements) functions, ensuring on-time and accurate payments.
  • Build and continuously improve best-in-class compensation operations processes that enable compensation design, stewardship, implementation, and recognition program delivery.
  • Serve as the source of truth for financial results, drivers, and operational metrics.
  • Act as a critical thought partner to senior business leaders, supporting business strategy, channel economics, and agency growth initiatives.
  • Partner across ADS to support and understand ongoing agency initiatives, ensuring financial implications are surfaced and incorporated into decision-making.
  • Lead, develop, and mentor a team of finance professionals, fostering a culture of accountability, continuous improvement, and operational excellence.

Qualifications
  • Bachelor's degree in Finance, Accounting, Business Administration, or related field
  • 7-10+ years of progressive experience in financial planning & analysis, accounting, or financial operations, with at least 3-5 years in a leadership/management capacity
  • Deep expertise in FP&A processes including budgeting, forecasting, variance analysis, and P&L management
  • Strong understanding of revenue recognition, financial controls, and accounting standards
  • Proven ability to serve as a strategic finance partner to senior business leaders
  • Excellent communication and stakeholder management skills, with the ability to translate financial data into actionable business insights
  • Experience in insurance, financial services, or agency/distribution environments
  • Familiarity with agent compensation structures and channel economics
  • Background supporting multi-channel or multi-site distribution organizations

About Us
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
  • California
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco

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About Liberty Mutual

Sourced by ZipRecruiter

Since 1912, we've grown into the fifth largest global property and casualty insurer based on 2022 gross written premium. We also rank 86 on the Fortune 100 list of largest corporations in the US based on 2022 revenue. ​At Liberty Mutual Insurance we work hard every day to support our customers and our people, so they can protect their families, build their businesses and invest in their futures. We are headquartered in Boston, but our people, our customers and our reach span the globe. So to better serve our global customers and employees, we are organized into three business units.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

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