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 position covers directly held assets, funds withheld and modified coinsurance arrangements, and alternative investments. Work includes investment-related journal entries, reconciliations, financial reporting, internal controls, and ongoing collaboration 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 the 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.
• Perform 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.
• Strong attention to detail with a focus on continuous improvement in the efficiency and reliability of the monthly and quarterly close process.
• Sound knowledge of Microsoft Office, specifically advanced Excel skills.
• 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, and 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.
• Familiarity with BMA regulatory reporting, including BSCR.

Skills

• Strong analytical skills and attention to detail.
• Proven ability to handle multiple priorities and work independently with minimal supervision.
• Ability to distill complex financial information into clear, concise reports for technical and non-technical stakeholders.
• Strong organizational and time-management skills with a sense of urgency and results orientation.
• Proficiency in investment accounting processes, including journal entries, reconciliations, and reporting.

Supervisory Responsibilities

• No direct supervisory responsibilities. May collaborate and provide guidance to other team members and departments as needed.

Compensation & Benefits

• Not specified in the provided job description.

Location and Travel

• Remote positions are available for candidates residing in the Eastern/Central time zones, or where the employer 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, client meetings, and occasional visits to industry events.

Physical Requirements

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

Equal Opportunity Statement

• Equal opportunity employer; considers qualified applicants without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other legally protected status.