Assistant Vice President, Investment Accounting

This is a fully remote position, open to applicants in New Jersey, +1 more state.

📋 Description

• Oversee the daily operations of the investment accounting team and the investment accounting platform at Fortitude Re.

• Lead the month-end and quarter-end closing processes for investment accounting and reporting.

• Evaluate investment results in accordance with GAAP, U.S. STAT, Bermuda STAT, and management reporting standards.

• Manage the analysis of net investment income, realized gains and losses, investment yields, and asset class investment balances.

• Provide support to Capital teams regarding investment results and reporting.

• Ensure compliance with the internal control environment for investment accounting under Sarbanes-Oxley and the NAIC Model Audit Rule.

• Oversee and review general ledger activities, reconciliations, audit support, and special projects.

• Facilitate the onboarding and integration of new investment portfolios, developing related reporting, processes, and controls.

• Manage the preparation of quarterly and annual footnotes, MD&A, statutory investment exhibits, debt reporting covenants, and committee reports.

• Prepare earnings reports, audited financial statements, footnotes, and reports for rating agencies.

• Conduct investment valuation and reconciliation controls.

• Develop automated investment reporting solutions and streamline manual processes and controls.

• Coordinate external audits, testing, and audit documentation.

• Review and compile investment data while posting GAAP and STAT general ledger entries.

• Evaluate emerging FASB and NAIC investment accounting standards.

• Create analytical tools to track results and trends.

• Collaborate with investment teams and managers to report on transactions and any changes in accounting policies.

• Build and lead a high-performing investment accounting team, focusing on mentoring and developing team members.

⛳️ Requirements

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

• A minimum of 7+ years of accounting experience.

• At least 3 years of investment accounting experience within an insurance/reinsurance company and a Big 4 background.

• Experience in investment reporting.

• Familiarity with public company SOX controls.

• Proven experience in managing and developing a team of investment accounting professionals.

• Strong analytical and project management capabilities.

• Knowledge of U.S. GAAP and STAT investment accounting principles and reporting.

• Experience in Life, Annuities, and Property Casualty lines of business is highly preferred.

• Ability to manage multiple projects simultaneously under tight deadlines.

• Excellent verbal and written communication skills.

• Capacity to review forecasts and trends, identifying issues and opportunities.

• Proficient in Microsoft Office, particularly Microsoft Excel.

• Ability to maintain effective working relationships with internal and external asset managers, accounting, compliance, actuarial, management, and systems personnel.

• Experience with the Clearwater investment accounting platform is highly desired.

🏝️ Benefits

• Annual bonus based on both company and individual performance.

• Comprehensive benefits package.

• Commitment to an equal opportunity and inclusive workplace culture.