The Investment Accounting Manager is responsible for the accounting and reporting of a large global insurance company's invested assets. These assets total over $330 billion and are comprised primarily of fixed maturity securities and includes private equity, hedge funds, commercial/residential loans and equity securities.
The Investment Accounting groups specific responsibilities include reconciliation of transactional data from various sub-ledgers (Clearwater, Investran, and LMS) to the general ledger and ultimately the company's financial statements as well as all related external reporting for investments (10Q/K, Financial Supplement, STAT Audited Financials and Investment NAIC reporting). The team is also responsible for the implementation of new accounting systems as it relates to invested assets, implementation of new GAAP and STAT accounting standards as it relates to invested assets, establishing the accounting for new transactions or new investment types and management of the risks, controls and audit as it relates to investments and supporting Investment FP&A.
Key Responsibilities:
Execute and manage accounting processes related to the monthly and quarterly accounting close to ensure accuracy of client’s invested assets data.
Prepare and review statement of cash flows for investments
Execute and manage preparation of certain Investment disclosures for 10Q/K and Financial Supplement. These include all Investment, Lending, Fair Value, VIE Footnotes and Investment MD&A.
Lead and manage in new initiatives for process improvements and systems implementation, in coordination with other areas of the department/organization.
Prepare annual investment related NAIC/STAT reporting exhibits, schedules, and disclosures
Point of contact and support for the various business unit and corporate controllers
Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance/support that ensures the accounting results from these investments are accurately recorded in the company ledgers across multiple bases (GAAP and Insurance Statutory).
Support management with ad-hoc analytical requests