Sr. Investment Accountant - Derivatives

Job Summary

The Sr. Investment Accountant is responsible for performing various duties related to accounting and reporting for complex derivative investments held by the insurance company . This position is part of the Close and Analysis team within the organization’s Investment Center of Excellence (COE) and will assist with the monthly accounting close, various reconciliations and control execution for the Company’s derivative investment portfolio. The ideal candidate will enjoy collaborating with other teams, challenging current processes and driving efficiencies. 

Organization

This position reports to the Manager, Investment Accounting and will interact with other members of the COE team. This position will work closely with an external third-party investment accounting administrator, external investment accountants and internal stakeholders.

Duties and Responsibilities

• Perform timely GAAP/Stat basis reconciliations for derivative investment accounts (between subledger and general ledger.  This includes researching and resolving variances and ensuring completeness and accuracy of general ledger balances.
• Assist with research of operational accounting and reporting requirements for new derivative instruments and assist with onboarding of derivatives into external third-party accounting system based on these requirements.
• Prepare manual journal entries and extract general ledger details from Oracle on an ad hoc basis.
• Perform monthly close tasks and procedures to ensure timely and accurate Clearwater monthly close, proactively communicating and resolving issues with the Clearwater team.
• Proactively plan for contingencies and identify, propose, and implement process improvements.
• Support internal control objectives through risk identification, control execution, documentation, and gap remediation.
• Analyze and interpret investment data and explain the underlying causes of variances and fluctuations.
• Support auditors and internal controls team during their test work
• Prepare responses and documentation for external and internal audit requests.
• Serve as a subject matter expert on assigned duties, providing insight to management to support effective decision-making and operational efficiency.

Experience and Education Requirements

• Bachelor’s degree in Accounting / Finance or other relevant degree
• Minimum 2 years of experience in related field or combination of experience with a professional designation (CPA, CFA, CIA, CISA, etc.) considered
• Experience developing process optimization within the boundaries of corporate infrastructure and regulatory environment
• Clearwater experience preferred
• Insurance industry (Life, annuity, reinsurance)
• Professional designation in related field preferred (CPA, CFA, CIA, CISA, etc.)

Knowledge, Skills and Abilities

• Strong understanding of current processes and overall workflow
• Ability to identify and implement process improvements, internal control enhancements, automation and efficiencies
• Ability to independently learn proficiency in financial systems with the tools and coaching provided                                                                                                                             
• Ability to brainstorm, research and provide possible solutions to ad hoc questions from the functional area’s business partners                                                                                      
• Ability to perform analysis and challenge the outcome against expected results                                                    
• Strong written and verbal communication, organization and interpersonal skills necessary to establish and maintain effective working relationships with others
• Able to work & effectively communicate with all levels of management, including executive management.
• Support effective partnerships with key groups and individuals and have good consultation and change management skills.
• Strong verbal and writing skills
• Ability to handle multiple complex tasks and prioritize in a fast-paced environment
• Strong attention to detail
• Proficiency in Microsoft Office

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel may be required (less than 10%)

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