California FAIR Plan Association

Financial Planning and Analysis

• Prepare, process and post journal entries timely and accurately.
• Assure that financial accounts are reconciled timely and accurately.
• Support timely and efficient month-end, quarter-end, and year-end close processes.
• Perform account analysis to identify and explain variances.
• Maintaining proper documentation and filing of supporting documents, including approvals.
• Assist with internal and external audit requests.
• Liaise with the bank and other parties as required.
• Perform backup duties within the department as required.
• Prepare and file monthly, quarterly, and annual financial statements.
• Ensures accuracy of journal entries and reconciliations of data sources to the general ledger.
• Maintain the general ledger system and reports, including processing and uploading changes to general ledger accounts using Integration Manager (Great Plains).
• Responsible for preparation and filing of annual escheat reports including remittance of monies to various states in a timely manner.
• Assist in the preparation and submission of compliance and regulatory filings such as statistical and financial data requests from Department of Insurance, data calls, and US census reports.
• Perform validity checks on accounting reports from Information Systems to ensure that they are generated accurately and on a timely basis.

Staff Accountant I – Financial Accounting

Accountant

• Prepare, process and post journal entries timely and accurately.
• Assure that financial accounts are reconciled timely and accurately.
• Support timely and efficient month-end, quarter-end, and year-end close processes.
• Perform account analysis to identify and explain variances.
• Maintaining proper documentation and filing of supporting documents, including approvals.
• Assist with internal and external audit requests.
• Liaise with the bank and other parties as required.
• Perform backup duties within the department as required.
• Prepare, process, and reconcile daily and monthly accounts receivable journal entries.
• Process daily accounts receivable pending (suspense and unidentified payment) items ensuring appropriate application to policies and unapplied funds are returned to customers timely.
• Review, recommend and process accounts receivable items for collections per FAIR Plan policies.
• Assists with the design, testing and implementation of billing processes that ensure timely and accurate billing of customers.
• Perform user acceptance testing of billing functionality for system releases using pre-defined test plans and scripts to identify defects.
• Investigates and resolves billing system discrepancies and errors.
• Collaborate and communicate with other departments to ensure billing accuracy.
• Ensures that invoices accurately reflect terms and conditions agreed to by the organization and comply with Department of Insurance rules and regulations.
• Identify and recommend opportunities for improvements to billing policies and procedures.
• Prepare and present analytical reports to identify trends, inefficiencies, delinquent accounts, and other relevant metrics.
• Monitor billing invoices and forms generation cycles and alert management of failures.
• Responsible for ad hoc customer billing and responding to customer inquiries regarding bills.

Staff Accountant I

Claims Specialist

• Manage a caseload of commercial property claims from assignment through resolution.
• Examine commercial claims investigated by independent adjusters to determine the extent of insurance coverage and validity of the claims.
• Review and adjust commercial loss reserves, correspondence, reports, verify coverage and authorize payments submitted by independent adjusters.
• Collaborate with internal personnel and/or legal counsel on claims involving litigation.
• Investigate, evaluate, and adjust claims, applying technical knowledge and human relations skills to promote fair and prompt settlement of claims.
• Oversee independent adjuster files to ensure they have followed CFP IA Guidelines.
• Verify and analyze data used in settling claims to ensure validity and that settlement is in accordance with company practices and procedures.
• Maintain compliance with the Department of Insurance and Company procedures.
• Identify fraud or illegal activity indicators and follow internal processes to refer the claims to the appropriate personnel for follow up.
• Promptly negotiate settlements ensuring the settlement reflects the insured losses while confirming the insurer is protected from invalid claims.

Commercial Property Claims Examiner II

Director

• Manage and oversee the Product function and serve as the primary decision maker, ensuring compliance.
• Manage, coach and train Product team. Oversee hiring, counseling, and performance appraisals.
• Conduct Staffing Analysis based on Product workload.
• Coordinate with the Product team to integrate changes in policies, coverage or other underwriting rules.
• Assist in the annual budget preparation and analysis.
• Oversee research, analysis, and testing of product changes, roll outs, and channel enhancements.
• Oversee Underwriting Rate and Rule manuals, policy forms, Dec pages, disclosures, applications and notices.
• Collaborate with actuarial staff to prepare state rate, rule and form filings and respond to state insurance department inquiries.
• Oversee research and analysis to provide product and guideline recommendations.
• Facilitate ad-hoc analysis on specified or varied metrics.
• Analyze metrics regarding Underwriting practices and recommend efficiencies in work processes and vendor/internal tools.
• Create presentations to support rate changes and other strategic decisions.
• Lead and collaborate with other departments, to improve underwriting processes and performance results.
• Ensure timely and accurate application of all underwriting, premium, and policy compliance guidelines and processes supported by meaningful measurements and regular reporting of results.
• Performs additional duties and/or special projects as required.

Staff Accountant I – Financial Accounting

Staff Accountant I

Commercial Property Claims Examiner II

Director of Property Product