Group Accountant Salary in Schaumburg, IL

About Marsh McLennan Agency MidwestMarsh McLennan Agency's Midwest Region is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the country. MMA Midwest is consistently recognized as a top workplace, attracting and retaining its insurance talent by rewarding expertise and investing in career development. Colleagues enjoy an award-winning culture that fosters a highly productive and results-driven working environmentThe Account Executive is a thought leader in the industry and client niches they serve, and understands the overall business risks, financial implications, and employee health issues important to clients. They directly quarterback the service execution for clients within their own discipline. Working with a team of support and service personnel, the Account Executive builds a client base by adding new clients, new lines of coverage, and retaining and growing current clients. An effective negotiator, presenter, motivator, and relationship builder, the Account Executive leverages MMA Midwest's sales methodologies, tools and resources, service platform, and best practices to successfully manage a growing client base.THOUGHT LEADERSHIPUnderstands the client industry niche(s) served, recognizes the typical business problems faced by clients and how our service platform across all disciplines provides solutions to those issuesMaintains proactive awareness of industry and how changes in the insurance industry, the economy, and legislation impact clientsRepresents MMA Midwest in client and insurance industry through visible writing, speaking, and networking engagementsAdvocates for changes and additions to our service platform that increase the value created for our clients, add barriers to exit, and follow our strategic directionCREATE AND CULTIVATE RELATIONSHIPSRelates well to all kinds of people, up, down and sideways, inside and outside the organization; builds appropriate rapport; builds constructive and effective relationships, uses diplomacy and tact; can diffuse even high-tension situations comfortablyNegotiates skillfully in tough situations with both internal and external groups; can win concessions without damaging relationships; can be direct and forceful as well as diplomatic; gains trust quickly of other parties to the negotiationsBUILD A CLIENT BASEUses the MMA Midwest sales process to analyze client and prospective client exposures and opportunities for improvement; and creates a compelling case to convince the decision-makers to select MMA MidwestCreates presentations to clients and prospective clients that demonstrate our company's unique approach and culture, our established track record, our expertise and service platform specific to client niche, and a customized service plan for each client; is effective in a variety of formal presentation settingsUnderstands each client's decision process, the people involved (decision-makers and service consumers), the business' goals and issues, and how our performance meets their expectations. Recognizes risks to losing clients, whether service breakdowns, new decision-makers, competitor involvement or other factors and acts to retain.Closes new business and renewals by figuring out the path to win and persevering through a methodical approachUncovers opportunities to add new product and coverage lines and to cross-sell clients into other disciplinesEXECUTE CLIENT SERVICE PLATFORMUnderstands business drivers of individual clients, their important metrics and measures of success, specific issues they are facing, and industry issues that may impact them; uses rigorous logic and methods to solve difficult problems with effective solutions; looks beyond the obvious and doesn't stop at the first answersAnalyzes coverage, program financials, claims and loss rates, and other aspects to uncover opportunities for improvement; recommends changes and puts forth a service plan that creates measurable valueEngages other teams and departments of MMA Midwest to perform specialized analysis and service, monitoring results and service plan completionQuarterbacks the execution of client plans, services delivered, ensuring commitments are tracked and reported back in a unified, meaningful way to each clientUnderstands insurance marketplace, carrier appetites, carrier programs, and services available; oversees the placement of insurance products within own disciplineMonitors client satisfaction of every client through personal relationships and engagement, involvement with other MMA Midwest team members, and any client surveys or feedback processes implementedSUPPORT AN EFFECTIVE TEAMCreates a climate in which people want to do their best; motivates many kinds of team or project members with influential authority; invites input from each person and shares ownership and visibility; makes everyone feel their work is important through recognition and appreciation; is someone people like working withConducts regular meetings with client service team to ensure all team members are up to speed on pending client issues, changing needs, implementation of service plans, and other issuesSupports processes and procedures and agency best practices; participates in team, sales, and other meetingsMentors client service team members and new producers on topics relevant to their roles and continued development and advancementRecruits potential employee candidates to MMA MidwestLeverages technology, tools, resources and information to maximize efficiency of self and other team membersConducts business planning to set goals for results and activities to achieve resultsMaintains a closing ratio and other efficiencies consistent with team expectationsREQUIRED:Upon hire, Producers License (in state of residence) for Fire/Casualty or Life/Health as appropriateProven track record for accomplishing specific tasksPREFERRED:BS/BA in business, management, insurance or related fieldProven success in Account Executive or client-facing positionCPCU, CEBS, ARM or other professional designationA Great Place to Work. A Great Place to Perk.Recognized for workplace culture by the likes of Fortune Magazine, The Chicago Tribune and more, our colleagues enjoy an environment that fosters creativity as well as individual and organizational growth. A small sampling of the benefits our colleagues enjoy include:Medical, dental, vision, 401K benefits and moreThe flexibility to work at home or an officeA paid day off to volunteer and company-organized volunteer eventsUp to $1,000 per year in matching charitable donationsUp to $750 per year in wellness rewardsA company-wide mentality that you can never appreciate your co-workers too muchWho You Are is Who We AreMMA Midwest has created an award-winning culture largely due to meeting our colleagues where they are, celebrating their differences and building an inclusive environment. We challenge ourselves to create a workplace where our colleagues feel not only welcomed, but feel they belong; where we not only embrace diverse perspectives and opinions but seek them out; and where we ask not how a colleague fits our culture, but what they add to it.#MMAMW#MMAEHB

Assist with month-end and year-end close processes, ensuring timely and accurate completion of financial activities.Journal entries, accruals, and reconciliations to maintain compliance with GAAP standards.Perform regular reconciliations of inventory accounts to ensure accuracy and completeness of financial records.Investigate and resolve discrepancies in inventory balances, collaborating with warehouse and procurement teams as needed.Maintain accurate records of fixed assets, including acquisition costs, depreciation expenses, and disposal transactions.Reconcile fixed asset subledger balances to the general ledger on a regular basis.Assist with Accounts Receivable when needed including contacting customers to facilitate timely payment and resolve payment discrepancies, applying customer payments accurately and promptly to outstanding invoices in the accounting system, monitoring accounts receivable aging reports and follow up on past due invoices.Ensure compliance with regulatory requirements and internal policies.Identify opportunities to streamline financial processes, improve efficiency, and enhance controls.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.Bachelor's Degree in Accounting, Finance, or related field3+ years of experience in accounting Manufacturing industry is a must! Fixed asset experience is highly preferredInventory experience highly preferred Excellent knowledge of MS Excel and WordStrong business communication and analytical skillsStrong verbal and written communication skillsDetail-oriented with strong organizational and problem-solving abilities.

Responsibilities:Financial Strategy and Planning:Develop and implement the company's financial strategy, aligning it with the overall business objectives.Provide strategic recommendations to the CEO and the board of directors based on financial analysis and forecasts.Drive financial planning, budgeting, and forecasting processes to ensure accurate and timely financial information.Financial Operations:Oversee all aspects of financial operations, including accounting, financial reporting, billing, collections, and payroll.Establish and maintain robust internal controls to safeguard company assets and ensure compliance with laws and regulations.Manage relationships with banks, auditors, and other financial institutions.Financial Analysis and Reporting:Conduct in-depth financial analysis to identify trends, risks, and opportunities for business growth and efficiency.Prepare timely and accurate financial reports, including monthly, quarterly, and annual financial statements.Present financial information to the CEO, board of directors, and other stakeholders in a clear and concise manner.Risk Management:Identify and assess financial risks and develop strategies to mitigate them.Monitor and manage liquidity, cash flow, and working capital to ensure financial stability.Stay updated on industry trends, regulatory changes, and best practices in finance and accounting.Team Leadership and Development:Lead and mentor a high-performing finance team, fostering a culture of accountability, collaboration, and continuous improvement.Set clear performance goals and provide regular feedback to team members.Promote professional development and ensure the team has the necessary skills to support the company's financial objectives.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.Qualifications:Bachelor's degree in finance, accounting, or a related field (Master's degree preferred).CPA (Certified Public Accountant) or CMA (Certified Management Accountant) designation is highly desirable.Proven track record as a CFO or a senior finance executive, preferably in a similar industry.Strong financial analysis and strategic planning skills.Excellent knowledge of accounting principles, financial regulations, and reporting standards.Experience in managing financial operations, including financial systems and processes.Exceptional leadership and communication skills, with the ability to influence and collaborate at all levels of the organization.Demonstrated ability to drive change, improve financial performance, and optimize business operations.High level of integrity, ethics, and professionalism.

Our Executive Liability Division underwrites Directors' and Officers' Liability Insurance, Employment Practices Liability Insurance, and Fiduciary Liability Insurance for public, private and not for profit companies. The Executive Liability Division is searching for an Accounting Specialist who will have responsibility for several aspects of Divisional Financial reporting. Essential Job Functions and ResponsibilitiesCompiles, consolidates, and analyzes accounting and finance information to produce statements, schedules, filings, and reports of a complex nature.Responsible for the complex activities associated with maintaining ledger accounts and for the development of financial statements and reports.Assists with analysis in support of annual budget process, expense forecasts, and variance explanations.Conducts special studies and develops and implements accounting methods and procedures.Manages relationship between the accounting group and other departments, locations, divisions, and external customers, including MGA and Reinsurance reporting.Provides technical advice to lower-level positions and other functional areas.May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.Monitors the inbox for and responds to report requests. Prepares and delivers all reports and analysis, if required, per deadlines. Performs other duties as assigned.Job RequirementsEducation: Bachelor's degree or equivalent.Field of Study: Accounting, Finance or a related discipline.Experience: Generally, 6 to 8 years of related experience including 2 to 3 years in insurance accounting or other specialty area. Certified Public Accountant (CPA) and insurance related certifications (Program in General Insurance (INS), Chartered Property Casualty Underwriter (CPCU), etc.) are preferred.Proficiency in Excel is preferred.Experience using Workday/Adaptive Accounting Systems is a plus.

Develop and implement the company's financial strategy, aligning it with the overall business objectivesProvide strategic recommendations to the CEO and the board of directors based on financial analysis and forecasts.Drive financial planning, budgeting, and forecasting processes to ensure accurate and timely financial information.Oversee all aspects of financial operations, including accounting, financial reporting, billing, collections, and payroll.Establish and maintain robust internal controls to safeguard company assets and ensure compliance with laws and regulations.Manage relationships with banks, auditors, and other financial institutionsConduct in-depth financial analysis to identify trends, risks, and opportunities for business growth and efficiency.Prepare timely and accurate financial reports, including monthly, quarterly, and annual financial statements.Present financial information to the CEO, board of directors, and other stakeholders in a clear and concise mannerIdentify and assess financial risks and develop strategies to mitigate them.Monitor and manage liquidity, cash flow, and working capital to ensure financial stability.Stay updated on industry trends, regulatory changes, and best practices in finance and accounting.Lead and mentor a high-performing finance team, fostering a culture of accountability, collaboration, and continuous improvement.Set clear performance goals and provide regular feedback to team members.Promote professional development and ensure the team has the necessary skills to support the company's financial objectives.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.Bachelor's degree in finance, accounting, or a related field (Master's degree preferred).CPA (Certified Public Accountant) or CMA (Certified Management Accountant) designation is highly desirable.Proven track record as a CFO or a senior finance executive, preferably in a similar industry.Strong financial analysis and strategic planning skills.Excellent knowledge of accounting principles, financial regulations, and reporting standards.Experience in managing financial operations, including financial systems and processes.Exceptional leadership and communication skills, with the ability to influence and collaborate at all levels of the organizationApply now and your resume will be considered within 24 hours!