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Posted: Wednesday, November 08, 2023 04:05 AM

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Company DescriptionSouthland Benefit Solutions, LLC (SBS) is a third party administrator located in Tuscaloosa, AL. SBS began offering benefit solutions in 1983 by securing an administrative service contract with the Retirement Systems of Alabama to administer a self-insured benefit program for the Alabama Public Education Employees Health Insurance Plan. This contract includes the administration of dental, vision, cancer and indemnity plans. SBS continues to serve, over 25 years, Alabama ƒ ‚ ‚ ™s public education employees to this day. The Company holds similar contracts with the Alabama State Employees' ‚ ™ Health Insurance Plan, the Local Governments Health Insurance Plan, the Drummond Companies, Cullman Regional Medical Center and several other groups. In addition SBS began marketing a discount vision plan and fully insured group dental coverage in 1999. Currently, we serve over 160 groups of all sizes with our fully insured products. Our dental network of providers,\" ‚ œDentaNet\" ‚ , includes over 1,200 locations and is the largest independent network in Alabama. Nationally, the DenteMax network is available to all our members. With well over 250,000 covered lives, the Company processes tens of thousands of claims per month with an accuracy rate of better than 99%. More than 97.5% of claims are processed within 10 days of receipt. Our customer service representatives average more than 10,000 calls per month with an abandon rate of less than 2%. Since we do not use an IVR system, all of our member's calls are answered by a \"live\" ‚  person, and still, the average wait time is less than 15 seconds. This is why Southland regularly receives high marks from our administrative service and insured customers regarding claims processing and customer service Job DescriptionSummary Participate actively in insurance company month-end, quarter-end, and year-end financial close process. Researches and interprets statutory accounting rules (SSAPs) and regulations and makes recommendations regarding company policy. Assists Vice President of Financial Reporting ( VP-FR ) in ensuring the integrity of investment information by recording, verifying, consolidating, and entering transactions; reviews monthly file from asset management group and investment bank for accuracy and compliance with NAIC regulations; prepares monthly investment entry for review by VP-FR; prepares schedule D for import into Annual statement software; works with management to ensure compliance with statutory accounting policies and procedures related to investment reporting; prepares various reports, schedules, and responses to inquiries. May also assist with calculating and recording reinsurance entries and the accurate recording and transfer of reimbursements. Assists Controller and VP-FR as needed and provides backup to each when needed. Requires a bachelor's degree in accounting or finance and 4 - 6 years accounting experience. Familiar with a variety of the field's concepts, practices, and procedures. Candidates with Insurance or investment accounting experience will be given preference. Essential Duties and Responsibilities Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information. Keeps accurate records and work papers of all entries. Verify compliance with Statutory Accounting Policies and Procedures (SSAPs). Assists in the preparation of monthly and annual close. Assists in the preparation of monthly, quarterly and annual financial statements including the Company s Blue Book or Annual Report in accordance with SSAPs. Assists in the preparation and recording of investment related asset, liability, revenue, and expenses entries by compiling and analyzing account information. Keeps accurate records and work papers of all entries. Verify compliance with Statutory Accounting Policies and Procedures (SSAPs). Reconcile investment accounts to investment schedules and custodial bank statements Prepares schedules for inclusion in Company s financial reports Understand and prepare Interest Maintenance Reserve and Asset Valuation Reserve schedules in accordance with NAIC regulations Maintain and monitor various investments held under state requirements for the benefit of policyholders. Receive, organize, and reconcile trade tickets. Assist with accruals for reinsurance, communicate with reinsurers regarding amounts, prepare reinsurance reports and entries, ensure compliance with reinsurance treaties, and record receipt of funds or payment of funds. Prepare and send monthly reserve file to actuaries. Works with staff to ensure accuracy, completeness and timeliness of all accounting functions. Verify compliance with statutory accounting policies and procedures and NAIC-SVO requirements Works with staff to ensure accuracy, completeness and timeliness of all investment accounting functions. Other duties may be assigned Source: http://www.jobs2careers.com/click.php?id=1881804747.96

• Location: Downtown Auburn,University Heights,Grove Hill,Camelot Downtown Auburn,University Heights,Grove Hill,Camelot Alabama

• Post ID: 125782013 Auburn

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