Investment Accountant

Overview

This role is responsible for the preparation, analysis, and reporting of investment activity in accordance with US GAAP and Bermuda regulatory requirements. The portfolio includes directly held assets, funds withheld and modified coinsurance arrangements, and alternative investments. Responsibilities include investment-related journal entries, reconciliations, financial reporting, and execution of internal controls, working closely with external asset managers and internal stakeholders across Actuarial, Investments, and Finance.

Responsibilities

• Prepare and analyze monthly journal entries to record investment activity for management and quarterly board reporting (US GAAP and Bermuda regulatory).
• Account for investment activity on funds withheld and modified coinsurance portfolios, including reconciling cedant-reported asset and investment income data to the investment accounting system and general ledger, and supporting measurement of related embedded derivatives.
• Account for limited partnerships, funds, and other alternative investments, including equity method accounting, capital calls and distributions, and reconciliation of manager statements.
• Review external asset manager reporting, holdings, and fee calculations; resolve accounting and data issues.
• Monitor accounts, ledgers, and reporting systems to ensure integrity of postings and reconciliations across investment, transaction, treasury, and expense activity.
• Ensure timely completion of monthly and quarterly close processes and reconciliations to meet internal and external reporting deadlines.
• Prepare investment accounting notes and disclosures for management and external reporting.
• Assist in development and enhancement of reporting tools, including analysis and reconciliation of investment accounting data.
• Execute and maintain documented controls over investment accounting processes, including control narratives, evidence, and support for internal and external audit testing.
• Prepare supporting documentation, schedules, and reports for year-end financial statements and external audit requests.
• Collaborate regularly with stakeholders across the organization, including Actuarial, Investments, Corporate Accounting, and Strategic Initiatives.
• Other duties as assigned.

Requirements

• Bachelor’s degree in finance, accounting, or a related field.
• Internationally recognized professional accounting designation (e.g., CA, ACCA, CPA).
• 3+ years of post-qualified accounting or investment accounting experience.
• Demonstrated experience with US GAAP investment accounting across a range of asset classes, including core fixed income, structured products, private assets, and alternatives.
• Experience with funds withheld, modified coinsurance, or coinsurance treaty structures is a strong plus, particularly from the assuming reinsurer side.
• Exposure to NAIC statutory accounting, including SSAPs and Schedule D, is a plus.
• Familiarity with BMA regulatory reporting, including BSCR.
• Strong attention to detail with a focus on continuous improvement in the efficiency and reliability of the monthly and quarterly close process.
• Strong Microsoft Office skills, specifically advanced Excel.
• Experience with general ledger systems and investment accounting software (ideally Clearwater), with ability to adapt to new technologies.
• Excellent organizational, written, and oral communication skills; ability to thrive in a small team within a dynamic environment.

Preferred Qualifications

• Experience with funds withheld, modified coinsurance, or coinsurance treaty structures, particularly from the assuming reinsurer side.
• Exposure to NAIC statutory accounting, including SSAPs and Schedule D.

Compensation & Benefits

No compensation details provided.

Location & Travel

• Remote positions are available for candidates residing in the Eastern/Central time zones, or where the organization currently operates (CT, FL, GA, IL, IN, MD, MA, MO, NJ, NY, NC, PA, SC, TN, TX & District of Columbia), or within a commutable distance to the Charlotte, NC office in the United States.
• Up to 5% travel, including occasional visits to corporate offices and client meetings, and occasional visits to industry events.

Physical Requirements

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 15 pounds at times.

Supervisory Responsibilities

This position does not have direct supervisory responsibilities, but may involve collaborating and providing guidance to other team members and departments as needed.