Assistant Vice President, Investment Accounting

Overview

This role is responsible for managing the day-to-day investment accounting function and the investment accounting platform to support month-end and quarter-end close activities, investment accounting and reporting, and related analysis for a complex investment portfolio. Responsibilities include running and managing analysis of net investment income, realized gains and losses, investment yields, and investment balances by asset class, while supporting senior management reporting under multiple bases of accounting (GAAP, US STAT, Bermuda STAT, and management reporting). The position also supports the investment accounting internal control environment under Sarbanes-Oxley and the NAIC Model Audit Rule, and includes managing and reviewing general ledger activity, reconciliations, audit support, and ad hoc projects associated with acquiring additional blocks of business.

Responsibilities

• Onboard and integrate new investment portfolios into the investment accounting platform, including build-out of associated reporting.
• Build and enhance financial reporting processes and controls to support investment financial reporting requirements under GAAP, US STAT, and Bermuda statutory frameworks.
• Manage assistance with compilation of quarterly and yearly footnotes, MD&A, statutory investment exhibits, debt reporting covenants, and valuation committee and audit committee reports.
• Perform investment yield analysis and establish related performance metrics.
• Support preparation of quarterly earnings reports and annual audited financial statements, including footnotes and rating agency reporting.
• Perform quarterly investment valuation and reconciliation controls supporting the internal control environment.
• Create interactive automated investment reporting within the investment accounting platform to facilitate portfolio reporting and analysis; automate manual processes and controls to improve efficiency and effectiveness.
• Facilitate and support external audits, including related testing and completion of audit work papers.
• Review and compile investments data, including posting general ledger entries for investment activity under both GAAP and STAT accounting.
• Support impact assessment of emerging investment accounting guidelines (FASB and NAIC) to support strategic business decisions and compliance oversight.
• Develop and maintain analytic tools to monitor results and trends and support an efficient, controlled reporting and accounting environment.
• Partner with front-office investment teams and investment managers to assess and define investment reporting for new transactions or changes in accounting policy.
• Lead and develop a team of investment accounting professionals through mentorship and guidance aligned with team priorities.

Requirements

• Bachelor’s or Graduate degree in Accounting or Finance.
• CPA or equivalent accounting certification must.
• Minimum 7+ years accounting experience.
• 3 or more years of investment accounting experience with an insurance/reinsurance background and BIG 4 experience must.
• Investment reporting experience.
• Public company SOX controls experience.
• Experience managing and developing a team of investment accounting professionals.
• Strong analytical and project management skills.
• Ability to apply U.S. GAAP and STAT investment accounting principles and reporting.
• Demonstrated ability to communicate clearly and concisely in written and verbal formats.
• Proven track record for exceeding expectations on multiple simultaneous projects with tight deadlines.
• Proficient in Microsoft Office products, with strong proficiency in Microsoft Excel.
• Ability to build and maintain working relationships with internal and external asset managers, accounting, compliance, actuarial, management, and systems personnel.

Preferred Qualifications

• Experience with Life, Annuities and Property Casualty lines of business.
• Experience with Clearwater investment accounting platform.
• Experience reviewing forecasts and trends and identifying potential issues and opportunities.

Compensation & Benefits

• Base salary range: $145,000—$165,000 USD.
• Annual bonus eligibility based on company and individual performance.
• Generous benefits package.
• Pay ranges for candidates may differ based on cost of labor in that location.

Location

• #LI-Remote