VP, Alternative Investments Accounting

About the role

As VP, Alternative Investments Accounting, you will set the strategic direction and governance framework for overseeing the GAAP and STAT accounting close, financial reporting, and financial analytics pertaining to the company’s alternative investment portfolio, including investment funds and mortgage loan portfolio. You will report to the Head of Investment Accounting and serve as the accountable owner for the integrity of accounting and reporting outcomes. You will work closely with the company’s third-party investment accounting service provider, asset managers, the Reporting team, and Finance to ensure accurate accounting records, appropriate GAAP and STAT reporting, and insightful analysis of investment results.

You will provide strategic oversight of the third-party investment accounting service provider, lead and mentor junior staff, and drive continuous improvement in processes and controls.

Responsibilities

• Serve as a recognized enterprise-wide subject matter expert on accounting and reporting for complex alternative investments, including investment funds and mortgage loans
• Direct and govern the monthly accounting close over investment funds and mortgage loans, including oversight of two associates and a third-party accounting vendor
• Establish expectations for balance sheet and income statement attribution and variance analysis and challenge results to ensure alignment with economic performance
• Own the strategic relationship and performance governance of third-party accounting vendor
• Research and formally document technical accounting conclusions related to accounting and reporting guidance, including VIE analyses, on new investments
• Provide oversight of and challenge key judgments related to credit reserves and impairments on mortgage loans (CECL and OTTI)
• Review and approve footnotes and schedules for U.S. GAAP and Statutory financial statements
• Collaborate with Investment Front Office on new investment strategies or investment managers, including evaluating accounting implications and influencing structure where appropriate
• Evaluate investment results and deliver executive-level insights through analytics package to finance leaders
• Identify and review non-routine and complex manual journal entries needed for accurate financial results
• Act as a key accounting advisor to Investment Management, Third-Party Asset Managers, and Cedants
• Design, enhance, and oversee the effectiveness of internal financial controls to ensure accurate investment accounting results
• Lead talent development, including coaching, performance management, and organizational capability building on daily, monthly, and quarterly tasks
• Provide reporting and supplemental information to reinsurance cedants and ensure alignment with contractual and regulatory requirements
• Support an environment of continuous improvement by driving process transformation, automation, and scalability initiatives

Requirements

• Bachelor’s degree in Accounting or Finance required
• Certified Public Accountant preferred
• 10+ years of experience with 6+ years of investment accounting and/or insurance industry experience required
• Expertise in US GAAP and Statutory Accounting Principles, with demonstrated application to complex alternative investments
• Experience with Clearwater Analytics or Third-Party Investment Accounting model preferred
• Strong research, verbal and written communication skills to effectively and clearly communicate technical issues in a pragmatic way to senior leadership
• Confidence, credibility, and character to liaise across corporate functions and develop strong working relationships within Resolution Life and throughout the industry
• Demonstrated leadership skills and ability to develop, coach, and train others while influencing outcomes across functions without direct authority
• Sense of urgency and high degree of flexibility to conform to shifting priorities, demands, and timelines
• Strong focus on stakeholder satisfaction while balancing control, governance, and scalability considerations
• Ability to act independently in identifying problems while exhibiting judgment and a realistic understanding of issues and interdependencies
• Strong problem-solving and decision-making skills in high-impact and ambiguous environments
• High level of interpersonal skills, integrity, and ethics
• Self-starter with a collaborative approach who values teamwork and drives accountability
• 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 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 to make sound business decisions
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage

Pay

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: $159,000 - $204,000
• New York, NY: $173,000 - $223,000

Schedule

Hybrid - 3 days per week in the office

Benefits

In addition to salary, Resolution Life US offers a comprehensive benefits package, including:

• Health & wellness program
• Incentive and recognition programs
• 401k contribution (all benefits are subject to eligibility requirements)