JOB TITLE: Manager of Investment Accounting

EMPLOYER: A-CAP Services LLC

DEPARTMENT: Finance

REPORTS TO: Director of Investment Accounting & Stat Reporting

LOCATION: Onsite in Miami, FL (Brickell area)

ABOUT THE COMPANY

A-CAP is a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses and has over $10 billion of total invested assets. This opening is with the holding company, which primarily performs asset management, actuarial, accounting, and other oversight functions on behalf of A-CAP’s insurers and third-party clients. This group also provides strategic and operational support to A-CAP’s portfolio companies/subsidiaries, proactively formulates new investment strategies, oversees external financing and acquisition activities, and provides modeling support for insurer liabilities and capital. On the insurance product side, A-CAP’s primary lines of business are traditional fixed and equity-indexed annuities, with additional business in whole life insurance, Medicare supplement, and hospital indemnity products. A-CAP insurers originate over $2 billion of new premium annually.

ABOUT THE ROLE

A-CAP has an immediate opening for a self-motivated, resourceful, and well-organized candidate to join the team as a Manager of Investment Accounting. The Manager of Investment Accounting will be responsible for the accurate recording of all investment activity for A-CAP’s five insurance entities. The ideal candidate will possess a strong knowledge of alternative asset classes such as structured securities (CLO, MBS, and ABS), private credit investments, mortgage loans and derivatives. The Manager of Investment Accounting will be expected to stay current and keep teammates apprised of changes to statutory and GAAP accounting regulations and NAIC guidelines, ensuring accuracy and compliance in all levels of reporting for investments. This role will interact very closely with a diverse group of teammates, counterparties, and third-party vendors, including:

• Portfolio managers from A-CAP’s internal investment management arm, A-CAP Management,
• External asset managers,
• Third-party investment accounting provider, and other members of the A-CAP Finance Team.

WHAT YOU WILL DO:

• Manage the monthly close process for A-CAP’s investment portfolio
• Prepare the investment schedules for the quarterly and annual statutory statements (“blue books”)
• for A-CAP’s five insurance entities, including IMR, AVR and footnote disclosures
• Prepare quarterly investment income analysis
• Assist in the preparation of quarterly GAAP financial statements
• Manage the investment components of NAIC Risk Based Capital (“RBC”) reporting
• Support the annual AM Best Supplemental Rating Questionnaire process
• Support the transition to a new third-party investment accounting provider
• Prepare and review collateral reports for reinsurance counterparties
• Work closely with the Middle Office to ensure trades are recorded accurately
• Assist with interim and year-end audits
• Other duties and responsibilities as assigned

WHAT YOU WILL NEED:

• Bachelor’s degree in accounting or related field with 7 years of relevant work experience; or any combination of education, professional training, or work experience that demonstrates ability to perform the job
• Proficiency in Microsoft Office, especially Excel
• Proficiency using life annual statement preparation software (e.g., Wings)
• Understanding of statutory and GAAP accounting
• Strong mathematical and problem-solving skills
• Excellent time management skills and attention to detail
• Ability to build relationships with diverse team members from across the organization
• Ability to communicate complex concepts, in both verbal and written forms, to a variety of audiences
• Ability to build relationships with diverse team members from across the organization
• Comfort with a steep learning curve and motivation to work in an opportunity-rich, dynamic
• environment

BENEFITS:

A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes:

• Competitive salary/base pay
• Employer-sponsored medical, dental, and vision insurance
• Paid Life & AD&D Insurance (for employees and families)
• Paid Disability Insurance (STD LTD)
• Paid Parental Leave
• Paid Vacation and Sick Leave
• Paid Holidays (15 in 2024)
• Voluntary Supplemental Insurance policies
• 401(k) plan with employer match
• And other benefits and perks!

US work authorization is required.

Who We Are: http://www.acap.com/

POSITION TYPE AND EXPECTED HOURS OF WORK

This is a full-time position. Days and hours of work are Monday through Friday, 9:00 a.m. to 6:00 p.m., 40 hours weekly, or as otherwise arranged with the manager of the department.

EEO Statement

A-CAP is an Equal Opportunity Employer and does not discriminate in recruiting, hiring, promotion or any other personnel action based on the basis of race, ethnicity, national origin, color, sex, gender, gender identity or expression, sexual orientation, religion, age, disability, veteran status, or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications, merit, and business need. To request an accommodation, contact hr@acap.com and we will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.

Disclaimer:

The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.