Accountant

Location: Downtown-Chicago, IL

Job Type: Full Time

Remote Work: Hybrid, Minimum 3 days in the office to promote collaboration and interaction with associates onsite.

Salary Range: $58,000 - $78,000

Description Overview

The accountant is responsible for performing a variety of accounting activities, including financial reporting, account reconciliation, reinsurance accounting, and compliance with both Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (STAT). This role ensures the accuracy and integrity of financial data while supporting internal and external reporting needs.

Essential Job Functions

Prepare monthly reinsurance reports for internal and external reporting
Analyze and reconcile general ledger accounts
Review financial records for fluctuations, trends, and variances
Develop and prepare ad hoc financial reports
Maintain and update reinsurance structures for new and renewal accounts
Process reinsurance premium transactions and excess losses
Review and validate reinsurer certificates against account data
Update quarterly management reports
Ensure compliance with GAAP, statutory accounting principles, and internal policies
Apply knowledge of federal, state, and local tax regulations
Identify and implement process improvements and maintain documentation
Utilize accounting systems, Excel, and reporting tools effectively
Monitor external financial information to meet reporting deadlines
Manage multiple tasks and meet deadlines efficiently
Provide excellent customer service to internal and external stakeholders
Maintain confidentiality of sensitive financial information
Approve urgent audits, structure changes, and updates in the supervisor’s absence
Perform other duties as assigned

Qualifications

Bachelor’s degree in Accounting or Finance required
Certified Public Accountant (CPA) preferred (not required)
3–5 years of accounting experience required
Insurance Experience preferred
Knowledge and understanding of U.S. GAAP
Knowledge and understanding of Statutory accounting preferred
Advanced proficiency in Microsoft Excel and Word
Experience with accounting systems and related technologies
Strong analytical and problem-solving skills
Excellent written and verbal communication skills
Ability to work independently and exercise sound judgment
Strong organizational skills and attention to detail
Ability to manage multiple tasks and meet deadlines
Understanding of internal controls
Ability to maintain confidentiality of sensitive information
Willingness to work additional hours at peak times as needed

About Old Republic Professional

Old Republic Professional (ORPRO™), established in December 1983, is a subsidiary of Old Republic International Corporation (NYSE: ORI), one of the nation’s 50 largest shareholder-owned insurance businesses and a member of the Fortune 500 listing of America’s largest companies. Old Republic Professional has provided Directors and Officers liability insurance and Lawyers Professional liability insurance for more than 35 years and now offers a wide array of management liability and professional liability products across an expanding national footprint in the U.S.

Culture

Work-life balance is highly valued; work culture is collaborative; colleagues are professional, passionate, open-minded, and entrepreneurial. We offer competitive wages, a comprehensive benefits package, a friendly, team-oriented environment, and we encourage and reward the professional growth of our employees. Employee benefits include BCBS medical, FSA/HSA accounts, long-term disability, dental, vision, fertility and family building benefits, Employee Assistance Program, paid time off (PTO), paid holidays, Paid Leave of Absence Benefits, 401(k) Savings and Profit-Sharing Plan, 529 Education Savings Plan, Gym Network 360 membership savings on fitness, nutrition and wellness programs, pet insurance, monthly commuting reimbursement, and tuition reimbursement for qualified job-related educational expenses.

Equal Employment Opportunity

Old Republic Professional provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Qualified candidates must submit a resume to