Vice President, Investment Accounting

Responsibilities

• Leadership and Oversight
  • Support the management of a team of investment accounting professionals responsible for reinsurance and statutory investment accounting functions.
  • Provide mentorship and guidance to team members, fostering a culture of accountability, continuous improvement, and excellence.
• Operational
  • Oversee quarterly Risk Based Capital charges and coordination with the statutory accounting finance team to ensure appropriate RBC calculations.
  • Ensure timely and accurate statutory financial statement reporting.
  • Execute and review quarter-end close procedures, including analytical reviews of investment balances, validation of investment income, B36 calculations, and statutory impairment assessments.
  • Perform ad hoc analyses and assist with special projects as needed.
  • Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule.
• Cross-Functional Collaboration
  • Act as a liaison between Investment Accounting, Investment Operations, and Deal teams to ensure proper instruction and accounting for complex investment transactions (e.g., asset categorization, capital impact, and income recognition).
  • Partner with Bermuda Finance teams to ensure appropriate quarterly reporting.
  • Engage in NAIC/ACLI discussions relating to proposals related to investments.
  • Coordinate with third-party service providers and internal stakeholders to ensure timely processing and accurate recognition of investment-related transactions.
• Process Improvement and Transformation
  • Drive initiatives aimed at enhancing investment accounting processes, data consistency, and operational efficiency across multiple accounting bases.
  • Support transformation projects to streamline investment data management, reconciliation, and reporting processes within investment accounting.
  • Contribute to the design and implementation of scalable solutions that improve the concurrent delivery of GAAP and STAT investment results.

Qualifications

• Bachelor’s in accounting or finance; CPA
• 9+ years of relevant experience
• Strong technical accounting skills and knowledge of U.S. GAAP and statutory accounting principles
• Familiarity with complex transactions, including reinsurance
• Knowledge of SOX controls and public company experience
• Proven ability to successfully manage close processes across multiple teams with timely and accurate delivery of financial results
• Strong analytical skills, ability to analyze financial results
• Strong ability to effectively communicate complex accounting to different stakeholders in the organization at all levels through written, verbal and interpersonal skills
• Excellent computer skills, including MS Excel, Peoplesoft platforms, data warehouse (a plus)
• Strong focus on process improvement and automation