Assistant Vice President – Investment Accounting

This is a fully remote position, open to applicants in United States.

📋 Description

• Take ownership of daily investment accounting and reporting procedures across GAAP, STAT, Bermuda SFS, and EBS under the guidance of the VP.

• Ensure thorough, accurate, and timely processing of investment transactions, including purchases, sales, maturities, paydowns, coupon payments, repos, and securities lending.

• Supervise daily and monthly reconciliations of positions, trades, and cash within accounting records and the general ledger.

• Analyze and resolve discrepancies in income, positions, and valuations, supported by documentation and root-cause investigations.

• Conduct valuation governance activities, including fair value hierarchy assessments, stale price monitoring, pricing analysis, and documentation of overrides.

• Assist with materials, analyses, and follow-ups for the valuation committee.

• Ensure compliance with SOX and internal controls for investment accounting and reporting processes.

• Confirm that documentation, controls, and evidence align with audit and regulatory standards.

• Contribute to monthly closing packages and deliver analysis and commentary on investment performance by legal entity, accounting basis, and reinsurance agreements.

• Articulate accounting outcomes in clear terms for senior leadership, auditors, and regulators.

• Respond to audit requests promptly and accurately for investment portfolios.

• Promote ongoing enhancements in investment accounting operations, closing efficiency, reconciliations, and reporting.

• Utilize AI-driven tools and advanced analytics to enhance efficiency, accuracy, and scalability in investment accounting.

• Provide technical direction, mentorship, and coaching to accounting professionals.

• Oversee and direct offshore resources to ensure consistent execution of tasks.

• Coordinate workflows across teams to meet closing schedules and reporting deadlines.

• Encourage accountability, quality, and continuous improvement in alignment with Fortitude Re’s core values.

⛳️ Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.

• Over 8 years of accounting experience with a focus on investments.

• Proficient in fixed income, derivatives, mortgage loans, alternatives, and structured products.

• Extensive knowledge of GAAP, STAT, Bermuda SFS, and EBS reporting.

• Capability to manage large-scale investment portfolios accurately and efficiently.

• Experience overseeing high-volume reconciliations across custodians, managers, and general ledger systems.

• Leadership experience in designing SOX/internal controls and ensuring compliance for investment portfolios.

• Excellent communication skills with a background in presenting to executives, committees, auditors, and regulators.

• Proven track record in automation and AI implementation for high-volume reporting procedures.

• Strong analytical and problem-solving abilities with attention to detail.

• Familiarity with Clearwater Analytics for investment portfolios.

• In-depth technical knowledge in valuation governance, fair value leveling, stale price analysis, and pricing overrides.

• Ability to correlate results across legal entities, accounting bases, and reinsurance agreements to treaty economics and capital management.

• CPA certification is highly preferred.

• Experience in public accounting or with Big 4 firms, especially in insurance/reinsurance or investment client contexts, is preferred.

• Knowledge of SAP and Palantir is a plus.

🏝️ Benefits

• Annual bonus determined by company and individual performance.

• Comprehensive benefits package.

• A company culture focused on inclusivity and belonging.

• Commitment to equal opportunity employment.