Investment Accountant

Overview

This role supports investment accounting and reporting, including preparation and analysis of monthly journal entries and reconciliations for management reporting and quarterly board reporting under US GAAP and Bermuda regulatory requirements.

The position also covers accounting for funds withheld and modified coinsurance portfolios, alternative investments, external investment manager reporting review, and coordination across investment, treasury, corporate accounting, and other internal stakeholders. It includes participation in monthly and quarterly close activities and preparation of investment accounting notes and disclosures.

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.
  • Supporting measurement of related embedded derivatives.
• Account for limited partnerships, funds, and other alternative investments, including:
  • Equity method accounting.
  • Capital calls and distributions.
  • 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.
• 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 efficiency and reliability of the monthly and quarterly close process.
• Proficiency in 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, with ability to thrive in a small team in 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.

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.

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 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.
• Ability to lift 15 pounds at times.

Equal Opportunity Statement

• The employer is an equal opportunity employer and considers all 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.

Note for Recruitment Agencies

• Recruitment agencies are asked not to forward resumes to employees unless specifically requested for this position or other roles within the organization. The employer is not responsible for fees related to unsolicited resumes.

Note to Applicants

• Personal information collected is used for recruitment purposes only and will be shared with hiring managers and those involved in the hiring process. Personal information may be retained for a reasonable period, typically one year post-application submission, to enable matching with other suitable job opportunities that may arise from time to time, unless otherwise requested.