Job Responsibilities and Requirements

The Manager, Investment Accounting is responsible for the supervision and review of the month-end, quarter-end, and year-end close processes, including statutory and GAAP deliverables across all companies for which assets are managed.  Responsibilities also include review of income, gains, and positions for an investment portfolio containing fixed income, equity, and alternative investment holdings.  Serves as a key point of contact for financial reporting team, investment managers, external client stakeholders, and external / internal auditors.  The Manager, Investment Accounting will also serve as a resident expert in respective GAAP and statutory guidance, providing assistance with appropriate disclosures and accounting treatment for various asset classes and investment strategies, and ensuring that new accounting pronouncements are understood and implemented correctly.

The Manager, Investment Accounting is responsible for supervising, mentoring, and developing members of the Investment Accounting Team. The Manager, Investment Accounting clearly defines roles and responsibilities for each team member and ensures that he / she understands their roles in the larger organization and has a strong understanding of how the business operates, including legal entity structure, operations, and key management metrics.

Reporting

• Owns general ledger entry recording process across various accounting bases for investment-related items, including the oversight of the preparation of supporting documentation, reconciliation of key items, and coordination of the general ledger coding and mapping for new accounts and asset classes.

• Reviews and approves investment accounting support provided for quarterly and annual financial reporting on a GAAP and statutory basis, including overseeing the development and production of supporting schedules and ensuring the completeness and accuracy of such support.

• Ensures accuracy of information included in financial reporting packages and management reporting deliverables for corporate parent and other clients in their respective proprietary formats.

• Coordinates responses to various requests from internal and external stakeholders for financial data.

• Manages direct reports by appropriately delegating work assignments, completing annual reviews and other reviews as necessary, and actively engaging in employee development and career planning.

• Directly coordinates with outsourced investment accounting provider on investment accounting manners and key departmental initiatives, ensuring appropriate prioritization of initiatives and completion of outstanding tasks.
   

Analysis

• Leads the month-end close process with a focus on accuracy, efficiency, and continuous progress towards the goals and objectives set forth by management and the broader team.

• Analyzes and understands drivers behind investment income through independent analytics and variance analysis, including identifying and remediating issues in a timely manner, addressing any data and/or investment accounting policy inconsistencies by working across all stakeholders including third-party providers.

• Ensures accuracy and consistency of reporting packages for management, financial, and regulatory reporting for internal and external consumption.

• Applies investments knowledge and previous work experience to assess reasonableness of results and proactively questions inconsistent data sets.
   

Compliance  

• Ensures that data fields such as ratings and statutory classification of assets are maintained timely and accurately within the company’s systems.

• Maintains comprehensive documentation around the processes and controls for the production and review of the risk-based capital calculation.

• Produces necessary statutory compliance schedules in accordance with required state guidelines and internal reporting requirements.

• Ensures the company’s AVR schedules correctly reflect SVO ratings and ensures that AVR components accurately flow through to the RBC schedules.

Project Management & Automation

• Participates in improving investment accounting workflow based on feedback from all key stakeholders.

• Leads strategic reporting projects for the department including ledger booking enhancements, automation of monthly workflow through use of various systems/tools, investment accounting vendor due diligence, and additional items as assigned.

• Acts as a key point of contact for external vendors, including investment accounting platform vendor.

• Reviews operational workflow to identify areas of op