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Position Summary:The Senior Accountant, Investment Accounting is responsible for performing proper accounting and reporting, with an emphasis on private and public securities, for Resolution Life insurance entities. Will be required to perform investment accounting for securities, including detailed analysis of transactional information. The Senior Accountant is a critical partner with Clearwater Analytics 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. Supervision of accountants or other positions may be required
Position Description:- For each monthly, quarterly and annual reporting period, review and analyze the investment data received from Clearwater. Review all data for completeness and accuracy.
- Analyze investment financial results on statutory/GAAP basis - including working with various areas such as finance, external investment managers, treasury operations, etc.
- Perform reconciliations of investment data to the general ledger or for other analyses.
- Ensure accuracy of financial data.
- 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.
- Attend training to maintain working knowledge of changes in accounting principles (STAT and GAAP).
- Reconcile investment balance sheet accounts from various data sources. Maintain documentation of 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
- Two to five 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 bonds, bank loans, private placements, and private equity securities
- Expertise in accounting systems and controls typically found in the insurance industry
- Solid understanding of the accounting requirements for investment products in accordance with statutory and GAAP accounting principles
- Strong leadership, people management, 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
Location: West Chester, PA, New York, NY, Atlanta, GA. (Hybrid - 2-3 days per week in the office),
Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.
In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the primary location, which is listed first. The range for the role may differ based on the location.
• West Chester, PA - $91,400- $111,700
• New York, NY: $99,700- $121,900
• Atlanta, GA: $83,100 - $101,600
Critical SkillsAt Resolution Life, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
