Manager, Accounting Advisory

Overview

This role is part of the Accounting Advisory team and focuses on ensuring compliance with GAAP and Statutory reporting for the organization and its insurance carriers. The position provides accounting advice for existing investment portfolio asset classes, including bonds, mortgages, derivatives, and various forms of equity investments. It also participates in cross-functional teams when investment-related financial reporting implications arise, and supports the structuring of new investments.

Responsibilities include recognition and ongoing accounting for new investments or newly acquired asset classes, as well as monitoring and implementing emerging accounting guidance impacting investments. The role serves as a key point of contact for accounting inquiries across the organization.

The position reports to the AVP, Accounting Advisory, and works cross-functionally with partners including, but not limited to: Investment Strategy, Hedging, Middle Office, Investment Accounting, and Capital Planning.

Responsibilities

• Evaluate new bespoke investments presented by asset managers, ensuring awareness and understanding of the financial reporting outcomes.
• Assess the financial reporting implications of organizational initiatives with investment-related impacts, including consolidation, asset transfers, new derivatives and hedging programs, and capital financing.
• Evaluate and document GAAP and Statutory accounting and financial reporting requirements for new investments acquired, new investment-related strategic initiatives, and the existing investment portfolio, including assessing new investments under Statutory guidance as part of the principles-based bond definition.
• Monitor proposed changes to GAAP and Statutory accounting guidance; participate and advocate for the organization’s positions on industry group calls.
• Use information gained to educate stakeholders throughout the organization and work cross-functionally to ensure appropriate awareness of the impacts of relevant accounting literature.
• Prepare documentation to support accounting positions taken related to new accounting standards, including the appropriate GAAP and Statutory accounting and financial reporting requirements.
• Support the creation and maintenance of the organization’s accounting policies.
• Work with audit teams to educate and advocate for positions related to new transactions or new accounting standards.

Supervisory Responsibilities

• No formal people leadership responsibilities.
• May provide guidance, mentorship, or subject matter expertise to others.

Qualifications & Skills

• Strong analytical, organizational, and communication skills.
• Ability to work independently and manage multiple assignments.
• Ability to research accounting issues, write professional and quality accounting policies and position papers, and communicate conclusions effectively in both oral and written formats to management.
• Ability to exercise judgment, present alternatives, and make recommendations.
• Ability to communicate and build relationships with business partners.
• Flexibility and ability to work in a fast-paced environment.
• Ability to work under short timelines and manage multiple tasks.
• Ability to lead conversations and provide clear, concise documentation.

Education & Experience

• Bachelor’s Degree in accounting required.
• 7+ years of relevant experience.

Experience/knowledge areas include:

• Researching accounting guidance or prior accounting policy experience.
• Extensive knowledge of insurance company investment accounting topics (e.g., fixed income investments, equity investments, derivatives, hedging, asset transfers, IMR/AVR, affiliated accounting models) strongly preferred.
• Big 4 experience in the insurance audit practice or an accounting advisory role focused on investments accounting is a plus.

Compensation & Benefits

• Not specified in the provided description.

Location & Work Arrangement

• Offers in-office, hybrid, and remote work arrangements.
• During the hiring process, the candidate will work with their leader to determine what works best for the role.

Accessibility

• The organization complies with federal and state disability laws and provides reasonable accommodations for applicants and candidates with disabilities, unless doing so would cause an undue hardship.