AVP, Derivatives Accounting

About the role

The Manager of Derivatives Accounting will oversee and perform the monthly accounting close over derivatives, compile and/or review footnotes and schedules for U.S. GAAP and Statutory financial statements, collaborate with Investment Front Office on new derivative strategies or investment managers, evaluate investment results and prepare and communicate analytics packages to finance leaders, and research accounting and reporting guidance on new derivative strategies or instruments.

Responsibilities

• Serve as a subject matter expert on accounting and reporting for derivatives
• Oversee and perform the monthly accounting close over derivatives
• Perform balance sheet and income statement attribution and variance analysis
• Manage relationship with third-party accounting vendor to properly account for derivatives
• Compile and/or review footnotes and schedules for U.S. GAAP and Statutory financial statements
• Collaborate with Investment Front Office on new derivative strategies or investment managers
• Evaluate investment results and prepare and communicate analytics package to finance leaders
• Research accounting and reporting guidance on new derivative strategies or instruments
• Identify manual journal entries needed for accurate financial results; prepare and review manual journal entries
• Execute key internal financial controls to ensure accurate investment accounting results
• Assist and develop junior staff on daily, monthly, and quarterly tasks
• Provide reporting and supplemental information to reinsurance cedants
• Support an environment of continuous improvement

Qualifications

• Bachelor’s degree in Accounting or Finance required
• Certified Public Accountant preferred
• 6-10+ years of experience with 4+ years of derivatives accounting and/or insurance industry experience required
• Expertise in US GAAP and Statutory Accounting Principles
• Experience with Clearwater Analytics or Third-Party Investment Accounting model preferred
• Strong research, verbal and written communication skills are essential to effectively and clearly communicate technical issues in a pragmatic way to others including senior leadership
• Confidence, credibility and character to liaise across corporate functions; ability to develop and maintain strong working relationships with colleagues both within Resolution Life and throughout the industry
• Demonstrated leadership skills and ability to develop, coach and train others in an organizational setting
• Sense of urgency and high degree of flexibility - ability to conform to shifting priorities, demands and timelines, making adjustments accordingly and execute tasks in support of corporate objectives
• Strong problem solving and decision-making skills
• High level of interpersonal skills, integrity and ethics
• Self-starter with a collaborative approach who values and encourages teamwork
• Proficiency with Microsoft Office software

Skills

• 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

Pay

$117,000- $153000 in West Chester, PA
$127,500- $167,000 in New York, NY

Schedule

Hybrid - 3 days per week in the office