Participation Accountant

The work we do has an impact on millions of lives, and you can be a part of it.

We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.

Protective is seeking an analytical and detail-oriented professional to support profit-sharing retrospective programs within the Asset Protection Division (APD). As part of the Participation Accounting team, this role is responsible for the calculation, reconciliation, reporting, and administration of profit-sharing arrangements while ensuring accuracy, compliance, and exceptional service to internal and external stakeholders.

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Key Responsibilities:

• Administer and reconcile profit-sharing retrospective program accounts to ensure accuracy and completeness.
• Calculate, validate, and support the timely processing of profit-sharing payouts in accordance with contractual agreements.
• Analyze financial and operational data to monitor program performance and identify trends, variances, or discrepancies.
• Prepare and maintain supporting documentation, schedules, and reports for internal and external stakeholders.
• Assist with internal and external audit activities, ensuring compliance with accounting policies and regulatory requirements.
• Partner with cross-functional teams to research issues, resolve discrepancies, and improve reporting accuracy.
• Identify and recommend process improvements that enhance operational efficiency, controls, and data integrity.
• Support special projects and perform other duties as assigned.

Core Competencies (Skills, Knowledge and Abilities):

• Strong analytical, problem-solving, and critical-thinking skills.
• Knowledge of accounting principles and financial reporting concepts, including GAAP.
• Advanced Microsoft Excel skills with the ability to analyze and reconcile large datasets.
• Experience working with ERP systems such as SAP, Oracle, or similar platforms.
• Strong attention to detail and commitment to accuracy.
• Effective verbal and written communication skills with the ability to collaborate across teams.
• Ability to prioritize competing deadlines and manage multiple assignments independently.
• Knowledge of profit-sharing, participation accounting, or retrospective financial programs.

Required Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• Minimum of 1-2 years of accounting, finance, financial analysis, or program analysis experience.
• Strong proficiency in Microsoft Excel.
• Experience interpreting financial data and performing account reconciliations.
• Understanding of GAAP and financial reporting practices.
• Demonstrated analytical and problem-solving skills.

Preferred Qualifications:

• 3+ years of accounting, finance, participation accounting, or insurance-related financial analysis experience.
• Experience supporting profit-sharing, retrospective rating, participation accounting, or similar insurance programs.
• Experience with ERP platforms such as SAP or Oracle.
• CPA, CPA candidate, or advanced degree in Accounting, Finance, Business, or a related field.
• Experience working successfully in a remote or virtual environment.

\n$52,500 - $70,000 a year
Protective’s targeted salary range for this position is $52,500 to $70,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees. 
 
 
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Employee Benefits:  

We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health.  Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.   

Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.

Accommodations for Applicants with a Disability:

If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  General employment questions should not be sent through this process.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.