The Loss Reserves Accounting Specialist is responsible for the accounting, analysis, and reporting of loss reserves for property insurance operations. This role partners closely with Actuarial and Finance to ensure accurate reserve balances, supports the financial close process, and maintains reconciliations and documentation in accordance with GAAP and Statutory accounting standards.

Essential Functions 

• Prepare and record journal entries related to loss reserves, including case reserves and IBNR.
• Perform monthly and quarterly reconciliations of loss reserve balances to actuarial reports and the general ledger.
• Support the financial close process, including variance analysis and reporting of reserve movements.
• Collaborate with Actuarial teams to understand reserve changes and ensure accurate financial reporting.
• Prepare and maintain loss development triangles and supporting schedules.
• Ensure compliance with GAAP and Statutory accounting requirements related to insurance reserves.
• Support internal and external audits, including providing documentation, reconciliations, and explanations.
• Assist with Schedule P and other statutory reporting requirements, as applicable.
• Maintain and enhance internal controls.
• Identify and implement improvements to process efficiency, documentation, and controls.

• Use in-house tools for automating frequent tasks. Documents established procedures.
• Perform other related duties and assist with special projects as required. 

Minimum Requirements 

Education, training, and experience:

• 4+ years of professional accounting experience, preferably in insurance and reserves-related work experience

Knowledge, skills, and abilities:

• Strong understanding of accounting principles (GAAP required; Statutory accounting a plus)Exposure to Schedule P and/or statutory filings required
• Experience with journal entries, reconciliations, and financial close processes
• Proficiency in Microsoft Excel (required)
• Experience with general ledger systems (e.g., SAP, Oracle, or similar) preferred
• Familiarity with insurance reserves and actuarial concepts preferred
• Experience supporting SOX controls or similar internal control frameworks is a plus
• Working knowledge of PowerQuery, PowerPivot, or SQL is a plus
• Strong analytical and problem-solving skills with high attention to detail
• Ability to translate actuarial data into financial reporting impacts
• Excellent written and verbal communication skills
• Self-motivated with the ability to manage multiple priorities in a deadline-driven, team-oriented environment
• Team-oriented; embody the GeoVera Nova Core Values of Teamwork, Trust, Integrity, Bias to Action, and Persistence.