Construction Insurance Accountant

The Insurance Accountant is responsible for accounting, analysis, and reporting related to construction‑focused insurance programs. This role partners closely with corporate accounting, project accounting, and risk management to ensure insurance costs, accruals, claims, and audit adjustments are accurately reflected across projects and legal entities. Client Details This opportunity is with a company in Long Island, NY specializing in the construction industry. Description Insurance accounting and allocations Record and reconcile insurance‑related journal entries, accruals, and prepaid balances. Allocate insurance premiums and costs to projects and entities based on approved methodologies. Maintain detailed schedules for insurance expenses, accruals, and true‑ups. Support month‑end, quarter‑end, and year‑end close related to insurance activity. Wrap programs and construction insurance Support accounting for OCIP / CCIP (wrap‑up) programs, including premium funding, adjustments, and final audits. Reconcile payroll‑based insurance calculations and enrollment reporting. Track and account for builders risk, general liability, workers' compensation, and excess insurance programs. Support insurance‑related components of work‑in‑progress (WIP) reporting and project close‑out. Claims and audits Track open and closed insurance claims and related financial impact. Record claim recoveries, deductibles, and self‑insured retention activity. Assist with insurance carrier audits, wrap program reconciliations, and post‑completion adjustments. Coordinate audit requests and provide support to internal and external auditors. Cross‑functional coordination Partner with project accounting to ensure insurance costs are appropriately reflected at the job level. Work with risk management, brokers, and internal stakeholders on policy activity, claims, and renewals. Prepare reporting and analysis for management related to insurance costs and trends. Identify opportunities to improve processes, controls, and documentation related to insurance accounting. MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants. Profile Required Bachelor's degree in Accounting or Finance. 3-8+ years of accounting experience within construction, real estate development, or owner‑operator environments. Hands‑on experience with construction‑focused property & casualty insurance, including: General liability Workers' compensation Excess / umbrella liability Builders risk Direct exposure to OCIP / CCIP or other wrap‑up insurance programs. Strong understanding of accrual accounting and GAAP. Advanced Excel skills, including reconciliations and analytical schedules. Experience allocating insurance costs to projects and WIP. Exposure to insurance audits, true‑ups, or claims accounting. Experience in multi‑entity accounting environments. Background working with construction accounting or ERP systems (e.g., CMiC, Sage 300 CRE, JD Edwards, similar). CPA or CPA‑track is a plus, not required. Job Offer Competitive salary ranging from $80,000 to $140,000 annually. Comprehensive benefits package. Opportunities for professional growth and development. Work within a supportive and collaborative environment in the property industry. This position is onsite 5 days/week MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.