Senior Associate, Investment Accounting

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

📋 Description

• Gather monthly and quarterly investment metrics, such as net investment income, realized gains and losses, investment yields, and asset class investment balances.

• Assist in the accounting close process, including journal entries and balance sheet reconciliations for both GAAP and STAT accounting practices.

• Conduct analytical reviews of investment income, yields, fair value fluctuations, and realized/unrealized gains and losses.

• Aid in the preparation of quarterly and annual statutory and GAAP investment disclosures and accompanying footnotes.

• Support the implementation and onboarding of new investment portfolios related to block acquisitions.

• Assist with regulatory filings and respond to ad hoc requests in accordance with Bermuda Monetary Authority requirements.

• Execute internal control procedures pertaining to fixed income, equities, commercial mortgage loans, private equity, hedge funds, and real estate.

• Provide investment data necessary for Economic Balance Sheet calculations and reporting for Bermuda.

• Ensure completeness and accuracy within the investment accounting platform.

• Monitor, investigate, and resolve issues related to investment suspense account balances.

• Ensure compliance with SOX and the internal control framework, including support for documentation and walkthroughs.

• Identify control weaknesses and suggest improvements.

• Perform variance analysis and investigative procedures on investment balances and income trends.

• Collaborate with internal and external audit teams, providing requested information and control evidence.

• Lead operations related to private equity, which includes extracting financial data from fund capital account statements, completing system upload templates, and executing related controls.

• Champion continuous improvement initiatives within the investment close cycle.

• Engage in system enhancements, user acceptance testing (UAT), and the implementation of automation.

• Create and update desktop procedures and process documentation.

• Utilize AI-enabled tools and advanced analytics to enhance securities accounting efficiency, accuracy, and scalability.

• Promote accountability, quality, and continuous improvement aligned with Fortitude Re’s core values.

• Report directly to the VP of Private Markets Accounting.

⛳️ Requirements

• Bachelor’s or Graduate degree in Accounting or Finance; CPA certification is preferred.

• At least 5 years of relevant experience in the reinsurance sector or financial services industry.

• Experience in managing large data sets, with a solid background in general ledger and/or analytical tool systems.

• Comprehensive understanding of GAAP and STAT investment accounting principles.

• Knowledge of the fair value hierarchy, effective yield methodology, and accounting for alternative investments.

• Familiarity with reinsurance structures and their investment implications is preferred.

• Experience with PowerQuery, Alteryx, Tableau, or similar tools is desired.

• Experience using the Clearwater investment accounting platform is preferred.

• Exceptional communication, presentation, and interpersonal abilities.

• Proven capability to manage multiple deliverables while meeting deadlines.

• Proficient in Microsoft Office, particularly strong in Microsoft Excel.

• Highly motivated with a creative approach to strategic thinking.

• Strong management and collaboration skills, capable of managing processes across diverse teams and departments.

• Detail-oriented with exceptional analytical and problem-solving skills.

• Ability to function effectively in a fast-paced, growth-focused environment.

• Strong ownership mentality with the capacity to work independently while collaborating cross-functionally.

• Intellectual curiosity and dedication to continuous learning, especially in automation and AI-enabled tools.

🏝️ Benefits

• Annual bonus based on individual and company performance.

• Comprehensive benefits package.

• Opportunities for professional development and career advancement.