Investment Accounting Analyst

The Analyst, Investment Accounting is responsible for performing proper accounting and reporting for assigned US-based insurers. Will be required to perform investment accounting for a portfolio of investments, including detailed analysis of transactional information. The Analyst is a critical partner with the TPAs and Investment Advisors/Managers and is responsible for the accuracy of the underlying information for the financial statements and related disclosures (both STAT and GAAP). This role also interacts with finance and other areas within the company to ensure that investment information disseminated is complete, accurate, and timely. Responsible for maintaining consistent processes, procedures, and controls across all insurers.

Position Description:

• For each monthly, quarterly and annual reporting period, review and analyze the investment data received from the TPAs. Review all data for completeness and accuracy.

• Download automated feeds of investment data from the TPAs into worksheets for reconciliation to ledger or for other analyses.

• Ensure accuracy of financial data.

• Work with custodians and brokers to obtain investment data and resolve issues related to reconciling items.

• Assist with the onboarding of securities.

• Analyze cash flows to ensure accuracy of financial data.

• Prepare accruals and journal entries, reconcile sub-feeds and record data in the GL.

• Analyze investment financial results on statutory/GAAP basis – including working with various areas such as finance, external investment managers, treasury operations, etc.

• Reconcile investment balance sheet accounts from various data sources. Prepare workpapers supporting controls and procedures in accordance with Sarbanes-Oxley and Model Audit Rule (MAR).

• Perform ad-hoc analyses, as required.

• Liaison with the Company’s Treasury and Asset Managers plus external partners.

• Maintain structure of the GL/other data systems to meet the company’s current and future reporting.

• Support the maintenance of investment policies related to accounting and operations

Knowledge & Experience:

• Bachelor’s degree with a concentration in finance or accounting

• CPA, CFA and/or MBA is preferred

• One to two years of investment accounting experience, with exposure to investment accounting function within the insurance industry

• Experience with life insurance, annuity products and/or reinsurance is desired

• Understanding of investments, including but not limited to private placements, commercial mortgage loans, private equity securities and derivatives

• Experience with accounting systems and controls typically found in the insurance industry

• Familiarity with accounting requirements for investment products in accordance with statutory and GAAP accounting principles

• Strong communication and interpersonal skills

• Ability to collaborate effectively with key contacts both internal and external to the Company

• Demonstrated ability to deliver results under pressure in a tight timeframe

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