Insurance Accounting Lead - M&A

Job Description:

Title: Insurance Accounting Lead – M&A Work Mode: Hybrid 1-2 days | Location: Longwood, FL office | Experience: Previous insurance experience highly preferred.

Please note: If this position is posted as either fully remote and/or hybrid, in accordance with company policy, individuals residing within a 50-mile radius of a branch location may be required to work onsite in a hybrid capacity as there may be occasions when on-site presence is necessary to meet specific business needs. Additionally, our remote work policy includes having a dedicated, distraction-free workspace. Remote work is not a substitute for childcare, elder care, or other personal responsibilities during working hours.

To view our branch locations, please visit: ioausa.com/locations

About the Role:  The Insurance Accounting Lead, M&A is responsible for supporting post-close acquisition accounting activities related to acquired agencies and books of business. This role focuses on processing direct bill commissions, maintaining client premium receivables, managing carrier premium payables, and supporting integration activities within Applied Epic and Client Production systems.

The Insurance Accounting Lead, M&A serves as a key resource throughout the acquisition integration process, ensuring accounting transactions are accurately recorded, reconciled, and resolved while supporting operational and financial objectives.

Key Responsibilities:

• Direct Bill Commission Processing: Record and maintain direct bill commission transactions associated with acquired business.
• Accounts Receivable Management: Establish, monitor, and maintain client premium receivable balances while ensuring accurate recording and resolution of outstanding items.
• Carrier Payable Processing: Process premium payments to insurance carriers for agency-billed business and maintain accurate payable records.
• Reconciliation & Resolution: Research, reconcile, and resolve discrepancies involving commissions, client receivables, carrier payables, and related accounting activity.
• Post-Close Accounting: Maintain accurate accounting records for acquisition-related activity and ensure proper accounting period recognition.
• Applied Epic Integration Support: Support transition of acquired business into Applied Epic and Client Production systems while ensuring accounting data accuracy.
• Month-End Close Support: Assist with month-end close activities, reconciliations, and reporting related to post-close acquisition accounting.
• Reporting & Audit Support: Prepare reports, support audit requests, and compile documentation validating accounting transactions and balances.
• Data Analysis: Analyze accounting activity, identify variances, and investigate issues requiring corrective action.
• Cross-Functional Collaboration: Partner with Accounting, Operations, Integration teams, and acquisition stakeholders to support successful transitions.
• Process Improvement: Recommend and implement improvements to accounting workflows, reconciliations, controls, and integration processes.
• Professional Development: Maintain knowledge of insurance accounting practices, agency management systems, and acquisition integration procedures .
• Champion IOA Values:  Demonstrate integrity, professionalism, and leadership.
• Ideal Candidate Qualifications: 2+ years of accounting experience
• Bachelor’s degree in Accounting, Finance, or Business Administration preferred
• Strong understanding of accounting principles, reconciliations, and transaction processing
• Experience researching discrepancies and independently driving issues through resolution
• Strong attention to detail with the ability to manage multiple priorities in a fast-paced integration environment
• Insurance industry experience and Applied Epic experience preferred
• Proficiency in Microsoft Office applications, including Excel, Word, Outlook, PowerPoint, SharePoint, and Teams
• Strong analytical, problem-solving, communication, and customer service skills, prioritization, and independent work skills
• Self-starter, inquisitive, team player, able to handle confidential information, detail-oriented, accurate, able to meet tight deadlines, calm under pressure

What We Offer:

• Competitive salaries and bonus potential
• Company-paid health insurance
• Paid holidays, vacations, and sick time
• 401K with employer match
• Professional growth and career progression opportunities
• Respectful culture and work/family life balance
• Community service commitment
• Supportive teammates and a rewarding work environment

What to Expect (Application Process):

30-Minute Phone Screen, Online Assessments, and Interview(s)