Accounting Associate

Company Overview ELCO Mutual Life and Annuity has proudly served its policyholders since 1946 by delivering innovative solutions tailored to the senior market. With a steadfast commitment to exceptional service and a client\-first philosophy, ELCO continues to uphold its core values through a diverse portfolio of insurance products designed to meet the unique needs of its clients. Accounting Associate Job Type: Full\-Time FLSA status: Non\-Exempt Schedule: Hybrid position in Lake Bluff, IL 60044 ELCO’s Expectations For All Employees As an ELCO employee you will be responsible for understanding, practicing, and promoting ELCO’s Purpose Statement. ELCO will cultivate, nurture, and enhance long standing relationships with insurance professionals and policyholders by being a trusted partner providing tailored solutions to achieve financial goals. You will demonstrate the ability to provide outstanding customer service to both internal co\-workers and external insurance professional and policyholders by modeling the following traits: Reliability Accountability Knowledge of ELCO’s products Ability to create and sustain positive connections with clients Commitment towards continuous learning to ensure exemplary performance and high\-quality work product. You will demonstrate an understanding that all successful organizations need for their employees to share pertinent information in a timely manner to the appropriate parties and constantly demonstrate that understanding. Position Summary The Accounting Associate performs a wide range of clerical, accounting and bookkeeping functions to support ELCO. Job Responsibilities: Performs bank reconciliations \& G/L balance verifications Assists with building and monitoring of internal accounting controls Assists with monthly/quarterly/annual statutory close Vendor management Checks, verifies and processes payables and sets up vouchers Processes premium payments, additional deposits, policy loans, NSF and policy reinstatements and other policy accounting related tasks Assists our internal staff with: o Calculating tax withholdings o Reversal/reissuing of payments o Accounting corrections Annual and quarterly premium and municipal tax filings Investment transaction and reinsurance payment booking and verification Tracks and audits petty cash Run and verify daily reports Provide data when requested for auditing purposes Processes other miscellaneous transactions. Other duties as assigned Success Factors: To be highly organized, detail oriented, able to set priorities, manage time effectively and multitask with daily interruptions Math aptitude Self\-motivated, strong work ethic, positive attitude and ability to take direction Good verbal and written communication skills Quest for continuous learning, LOMA certifications encouraged Customer service skills Qualifications: Associates or BA Degree in Accounting, Finance or Business Administration is preferred 3 years of accounting/bookkeeping experience required Demonstrated experience in navigating through complex computer systems (internal as well as Microsoft Office) with minimal assistance required Must be punctual, highly responsible and customer focused Physical Demands and Work Environment: The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. \Physical demands: Constant use of both hands, arms reaching handling/ grasping/fingering while keyboarding, using phone, calculator, and other office equipment, writing instructions, filing and performing other administrative duties. Employee must occasionally lift and/or move up to 15 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus. \Work Environment: The noise level in the work environment is usually minimal. Benefits: Competitive Pay Company contributions towards employee and dependent health, dental and life insurance plans Paid time off 401(k) Contribution Tuition Assistance Remote Work Opportunities (after 60\-days of employment) 37\-hour work week\-Monday thru Thursday 8:00\-4:30, Friday 8:00\-1:00 Pay: $45\.00 \- $48\.00 per hour Benefits: 401(k) Dental insurance Flexible spending account Health insurance Health savings account Life insurance Paid time off Retirement plan Tuition reimbursement Vision insurance Work Location: In person