Sr. Accountant - Investments

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The Accounting Senior will play a critical role within the investment team and will assist with ensuring the completeness and accuracy of the data within our investment accounting software tool, Clearwater, along with the recording of investment transactions in the general ledger on a GAAP and statutory basis for six standalone insurance companies and various reporting requirements on both a GAAP and statutory basis including daily, weekly, monthly and quarterly GAAP reporting and quarterly statutory reporting requirements. 

 

This person will also be responsible for working with the Company’s legal department and various vendors providing services to the Investments team for any new contracts or revisions to existing contracts and will also work with various state insurance departments to ensure compliance with investments regulations including posted state deposits.

Key Accountabilities/Deliverables:


* Monitor daily investment activity within the investment accounting tool, Clearwater


* Review monthly investment reconciliations, including custodian, Clearwater and Workday reconciliations


* Review monthly investment journal entries on a GAAP and statutory basis for six insurance companies


* Review monthly pricing and fair value levelling review for all securities


* Review monthly investment expense accruals


* Review daily summary of investment activity


* Review weekly investment report


* Review monthly investment report


* Prepare various adhoc analysis of the investment portfolio for management as requested


* Assist in the monitoring of actual investment expenses to planned expenses


* Assist in the accounting and reporting of other invested assets


* Review the quarterly preparation of the investment material for the Finance Committee, Risk Committee and Board of Directors  


* Prepare quarterly and annual GAAP reporting of investments within the consolidated financial statement, investor supplement and any future reports utilized by management


* Prepare quarterly and annual STAT reporting of investments within the yellow books, statutory financial statements, and various statutory exhibits


* Prepare various compliance reporting of investment holdings for state insurance departments


* Prepare investment data for AM Best reporting


* Assist in the coordination amongst various banks and state insurance departments for necessary investment transactions and account maintenance


* Support internal and external audit requests related to the investments area


* Maintain procedural documentation for assigned responsibilities


* Assist in managing relationships (including invoicing and contracts) with various vendors

Technical Knowledge and Understanding:


* Must have good working knowledge of US GAAP accounting


* Advanced Excel/spreadsheet skills including pivot tables and complex formulas


* Excellent analytical and organizational s...