Senior Investment Accountant

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better.

About the role

The Senior Investment Accountant will review or prepare accurate monthly, quarterly, and annual accounting of all investment asset classes (including public and private fixed income securities, commercial mortgage loans, private equity funds, derivatives, joint ventures, US and offshore subsidiaries, etc.) for Meiji Yasuda (MYL) and subsidiaries under US Statutory, International Financial Reporting Standards (IFRS), and Bermuda statutory accounting bases. This role involves reviewing or preparing static and ad hoc investment reports for a variety of audiences, including the MYL and subsidiary Boards of Directors, governance bodies, regulators, auditors (external, state, and internal), rating agencies, and other internal customers. The position ensures maintenance of robust internal control practices and procedures and internal control reporting.

Responsibilities

• Review or prepare and ensure accuracy of the investment settlement, accounting, and reporting processes under both US statutory and IFRS bases of accounting.
• Liaise with internal and external investment management to coordinate trade processing and banking contacts.
• Coordinate external management reporting.
• Assist in the performance of external audit and state financial examinations, and respond to ad hoc state regulator information requests.
• Responsible for external investment reporting components of regulatory filings.
• Review or prepare reports as requested by internal customers, such as Actuarial Valuation, Financial Planning & Analysis, or MYL counterparts.
• Support Clearwater implementation project and document new processes and procedures.
• Review or prepare all entities’ investment transaction Board materials and submit timely for distribution to Board members prior to Board meetings.
• Review or prepare investment reporting sections of submissions to federal government agencies and rating agencies.
• Assist with rating agency survey data as they relate to investment reporting.
• Prepare all filings associated with the management of subsidiaries created to handle surplus relief reinsurance and/or capital markets transactions (including captive reinsurance companies, SPV trusts, etc.).
• Prepare reports associated with other than temporarily impaired securities and recommend approaches for quarterly assessment of OTTI adjustments.
• Support surplus relief initiatives and underlying investment reporting.
• Prepare and coordinate communications required as a result of capital markets transactions, including those with financial guarantors, trustees, asset custodians, rating agencies, and investment managers.
• Ensure compliance with all contractual requirements associated with the surplus relief reinsurance transactions.

Requirements

• BS in Accounting
• CPA preferred
• 3-5 years progressive accounting experience
• Knowledge of Clearwater preferred
• Public Accounting Experience (2-5 years preferred)
• Knowledge of US Statutory Accounting and/or IFRS Principles preferred

Benefits

• Health, life, and dental insurance
• 401K with company match up to 6%
• Pension package
• 15 vacation days and 10 sick days accrued bi-weekly
• 9 paid holidays throughout the calendar year
• Generous time off and wellbeing initiatives
• Professional development support and mentorship
• Paid time off to volunteer for causes that matter to you

Pay

The expected hiring compensation range for this position is $93,200 - $128,075 annually. The total compensation package may include a sign-on bonus, long-term incentives, and annual bonuses. This role is eligible to participate in the Annual Incentive Plan with a current target payment of 8% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date.

Schedule

This is a hybrid opportunity working in Frederick, MD.