Senior Accountant and Insurance Manager #000585
Position Title: Senior Accountant and Insurance Manager
Position Number: 000585
Position Summary
The Senior Accountant and Insurance Manager compiles, analyzes, and develops financial reports/forecasts, as well as providing support of day-to-day financial activities. In addition, the position bears responsibility for the development, direction and coordination of the University’s portfolio of insurance programs.
Essential Job Functions of Position
• Compile and analyze financial data and develop financial reports. Submit reports for review and modification, if necessary.
• Coordinate preparation of schedules and reports required for the University’s annual external audit report.
• Participate in monthly and year-end closing procedures.
• Compile information/data and prepare special reports and analyses as requested. Provide financial data, reports, and analyses to faculty, staff, students, and outside parties to assist with budget management and departments’ record reconciliation.
• Monitor bank account and Municipal Investment Pool (MIP) balances and make transfers between accounts consistent with cash needs to maintain positive cash balances and maximize return on cash and cash equivalents.
• Reconcile operating and payroll bank accounts on a monthly basis, investigating and correcting discrepancies as required.
• Develop and maintain a cash requirements forecasting model to ensure sufficient cash is available to allow the University to meet its financial obligations.
• Monitor and report spending on annual capital and equipment projects.
• Responsible for the development, direction, and coordination of the property and casualty insurance programs of the University.
• Independently manage and administer the University’s portfolio of commercial insurance policies, including: commercial property, crime, general liability and educator’s legal liability, auto, workers compensation, umbrella, foreign liability, broadcasters liability, travel accident, athletic injury, student health, pollution liability, and student healthcare (malpractice) liability.
• Execute all aspects of the insurance policy renewal process, including collection of data from individuals/departments for completion of applications for the annual renewal of policies.
• Verify accuracy of all terms and conditions of renewal policies.
• Collect information for the annual Workers Compensation audit.
• Maintain property and vehicle schedules and make changes as necessary. Periodically evaluate property and vehicle values and deductibles to insure consistency with University risk tolerance.
• Recommend and implement insurance structure. Negotiate on behalf of the University for insurance and related services.
• Manage the payment of all insurance premiums including coverage change requests.
• Determine allocation of costs to the General Fund and the Tort Liability Fund.
• Create and administer a premium allocation process to charge auxiliary departments for their portion of insurance premiums.
• Process requests for Certificates of Insurance (COI) from broker. Assist with review of COIs from University vendors to determine if they meet University requirements.
• Review terms of contracts to assure compliance and consistency with University risk tolerance and policies.
• Manage incident reports and the processing of all property and casualty claims (with the exception of work comp claims) with the appropriate insurers. Ensure appropriate recovery of losses are completed. Maintain internal system of claim and incident report documentation. Administer self-insurance claim funds.
• Collaborate with insurance broker and company loss control reps to schedule periodic visits to the University. Review loss reports and make recommendations on risk management strategies designed to reduce or eliminate future losses.
• Participate on Safety Committee, Emergency Operations Committee and Athletics Health Committee.
• Serve as insurance and risk management resource for insurance questions and issues, providing guidance to offices throughout the University.
• Identify and monitor developments/trends in operations to assess risk impacts on the University.
• Advise University departments and organizations regarding risk management/mitigation and best practices.
• Perform additional job related duties as assigned.
Non-Essential Job Functions of Position
Education and Experience
Bachelor’s or graduate degree in accounting. Three years of accounting experience.
Preferred: Masters degree (MBA, MAcc or equivalent). Five or more years of related experience.
Licenses, Certifications & Registrations
Preferred: Licensed insurance agent. CPA, CMA, or CIA certification.
Knowledge, Skills & Abilities
Effective communication skills. Proven self-motivation and ability to work with minimal direction. Proficiency in Microsoft Office, especially Excel. Ability to adapt to change, and work well in a team environment.
Ability to maintain calm under deadline pressure and tolerate working in close proximity to other staff.
Preferred: Knowledge of risk management concepts to include commercial property and casualty insurance, claims, and loss analysis. Higher education accounting, reporting, and analysis experience. Familiarity with GASB accounting and reporting rules (especially for colleges/universities or other business-type activities). Experience using a large integrated ERP system such as Banner, PeopleAdmin or PeopleSoft.
Additional Requirements (e.g. Physical Demands)
FLSA Exempt
Advertised Pay Information: Mid to Upper $50,000's
Work Schedule: Regular
Business Hours: Average hours per week.
Months per Year 12 Full-time/Part-time Full Time FTE1.0
EEO Statement
Washburn is an EOE and dedicated to providing a student-centered and teaching focused academic environment and a curriculum that engages the diversity of human experience across the globe. We seek candidates who are committed to Washburn’s efforts to create a climate that fosters the growth and development of a diverse student body, and we encourage applications from members of groups that have been historically underrepresented in higher education. Application materials should clearly articulate how the candidate will contribute to the University’s commitment to diversity and inclusion through their teaching, research, and/or service.
Washburn University provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, religion, age, national origin, ancestry, disability, sex, sexual orientation, gender identify, genetic information, veteran status, or marital or parental status.
Posting Detail Information
Posting Number S0008P
Special Instructions to Applicant
Background Check Required: Yes
Is Motor Vehicle Required: No
Drug Screen Required: No
Anticipated Start Date of Position May 1, 2019 Position End Date (if temporary)
Date to begin reviewing applications
Posting Close Date
Open Until Filled: Yes