Accountant

Company Description

Farmers of Salem is a regional mutual insurance company that has provided insurance solutions to home and business owners for more than 175 years. Owned by its policyholders, the company focuses on reinvesting profits to remain innovative, competitive, and financially stable.

Insurance products are distributed through independent agents who serve as local experts and trusted advisors, supported by knowledgeable employees delivering timely, accurate, and professional service. Farmers of Salem is committed to sound management and solid business practices that protect policyholders’ most valuable assets and give them peace of mind at the time of a loss.

Rated A- (Excellent) by A.M. Best and A, Exceptional by Demotech, the company currently serves customers in Delaware, New Jersey, Pennsylvania, and Maryland.

Role Description

This is a full-time Accountant role in a hybrid work arrangement, based in Wilmington, DE, with some work-from-home flexibility. The Accountant I is an entry-level accounting role responsible for assisting in the preparation of financial statements, reconciling accounts, and maintaining accurate financial records.

This role supports various financial and regulatory reporting processes and serves as a backup for senior-level accounting functions.

Key Responsibilities

• Financial Reporting & Analysis
• Prepare monthly expense analysis reports.
• Assist in the preparation of statutory Annual and Quarterly Statements.
• Support external auditors by providing documentation and explanations.
• Prepare and post standard journal entries; reconcile general ledger accounts monthly.
• Maintain and update the monthly financial file, including:
• Loss and premium data
• Budget and prior period data
• General ledger balances
• Additional financial elements as needed
• Monitor daily bank activity and prepare monthly cash flow reports.
• Prepare monthly bank reconciliations and reconcile credit card statements to general ledger accounts.
• Support the preparation of annual premium tax returns and electronic filings for
• Federal and State tax deposits.
• Regulatory & Compliance
• Work with unclaimed property vendor to file with various states; maintain and reconcile escheatable property analysis monthly.
• Maintain accurate records and organized documentation for audit and compliancepurposes.
• Ensure confidentiality of all financial information and comply with internal reportingprotocols.
• Operational Support
• Serve as backup for Senior Accountant in areas including:
• Accounts Payable
• Investments
• Commissions
• Fixed asset software
• Collaborate with the Accounting Manager on:
• New analysis and reporting projects
• Enhancements to existing files
• Filtering and interpreting large datasets
• Perform other duties as assigned.
• Accommodate an irregular work schedule and attend financial training workshops/seminars when necessary.
• Report any gifts or payments exceeding $50 annually from individuals or organizationsaffiliated with Farmers Mutual to the President.

Qualifications

• Education & Experience
• Bachelor’s degree in Accounting required0–2+ years of accounting experience
• Insurance industry experience preferred, but not required

Technical Skills

• Proficiency in Microsoft Office 365, especially Excel
• Experience with financial/accounting software (e.g., Microsoft SQL Server) is a plus