The AVP of Investment Accounting is responsible, along with other AVPs for managing the month-end and quarter-end close of all investment accounting and reporting for the company’s complex portfolio of investments, performing detailed analysis of investment results and communicating to senior management under both GAAP and Statutory (US STAT) reporting. This position will be involved in overseeing the investment component of periodic settlements of reinsurance and funds withheld transactions. This position includes conformance with the investment accounting internal control environment under Sarbanes Oxley and NAIC Model Audit Rule. This position will be involved in managing and reviewing activity in the GL, reconciliations, audit support, and ad hoc projects as the company acquires more blocks of business. This position requires the business and financial acumen to handle complex situations. This position will report into the Vice President of Investment Accounting and will be based in our Jersey City, NJ office on a hybrid basis. 

What You Will Do:

• Prepare ASC 810 consolidation analyses on private equity investments each quarter. Liaise with key stakeholders to evaluate the private equity structures.

• On a quarterly basis, perform detailed analysis and overview of the private credit portfolios to ensure appropriate valuation and classification.

• Work closely with the office of the Chief Investment Officer to evaluate new asset allocations and classification.

• Review the investment holdings data that supports the periodic reinsurance settlements. Participate in monthly settlement calls and explain the movements in the relevant investment portfolios.

• Perform quarterly control reviews as outlined within the Company’s Investment Accounting Risk Control Matrix.

• Manage and assist compilation of quarterly and yearly footnotes, MD&A, Statutory investment exhibits, debt reporting covenants, valuation committee and audit committee reports.

• Facilitate and assist with internal and external audits, related testing and the completion of audit work papers.

• Explain fluctuations in portfolio movements to Management.

What You Will Have:

• Bachelor’s or Graduate degree in Accounting or Finance with CPA or equivalent accounting certification must.

• Minimum 8 years accounting experience, with 4 or more years of investment accounting experience with an insurance/reinsurance.

• Knowledge of investment products, including public and private Fixed income, equity, derivatives, and foreign exchange instruments is important. The ideal candidate must have investment reporting experience.

• Experience working with asset managers is preferable.

• Experience with Life, Annuities and Property Casualty lines of business is important.

• Demonstrated strong analytical and project management skills.

• Demonstrated ability to apply U.S. GAAP and STAT investment accounting principles and reporting.

• Proven track record for exceeding expectations on various, simultaneous projects with tight deadlines.

• Capable of communicating and expressing ideas clearly and concisely, in both written and verbal formats.

• Proficient in Microsoft Office products, with strong proficiency in Microsoft Excel

• Ability to build and maintain working relationships with internal and external asset managers, accounting, compliance, actuarial, management, and systems personnel from junior staff to executive level.

• Experience with Clearwater investment accounting platform highly desired.

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