The Lead Accountant will oversee investment and financial accounting activities, ensuring accurate reporting, compliance with GAAP, and support for budgeting and variance analysis. This role involves account reconciliation, process improvements, and guidance for less experienced team members.
About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company.Position PurposeUnder occasional supervision, perform investment and financial accounting activities to support accurate and timely financial reporting. This role is responsible for investment-related accounting, reporting and analysis, and supports general accounting functions including expense management, budgeting and forecasting. Ensures compliance with statutory and GAAP accounting requirements related to investments, including research and application of new accounting guidance.Principal Duties & Responsibilities
- Perform investment accounting activities, including preparation, review and analysis of monthly, quarterly and annual schedules and supporting exhibits.
- Maintain investment accounting policies and procedures; research and implement new accounting guidance.
- Prepare and review account reconciliations to ensure accuracy and completeness.
- Support expense management processes, including monitoring, analyzing and reporting.
- Assist with budgeting and forecasting, including variance analysis.
- Analyze financial results and provide variance and root cause explanations.
- Identify and implement process improvements to increase efficiency and consistency.
- Participate in or lead special projects, as assigned.
- Provide guidance and support to less experienced team members.
- Bachelor’s degree in accounting, finance or a related field
- CPA a plus
- 4+ years of related experience
- [OR] equivalent level of education and experience
- Experience with investment accounting preferred
- Experience with insurance investment accounting systems (e.g., CAMRA, Singularity, Clearwater, Bloomberg) a plus
- Strong analytical and problem-solving skills, including ability to research and apply investment accounting guidance
- Proficiency in Microsoft Excel and ability to work with large datasets
- Effective written and verbal communication skills, with ability to present findings to management
- Ability to exercise sound judgment, pay attention to detail and manage multiple priorities
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) — automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
RLI Insurance Company Chicago, Illinois, USA Office
Chicago, United States
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