VP, Alternative Investments Accounting

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As VP of Alternatives Investment Accounting, you will be responsible for setting 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. The Director of Alternatives Investment Accounting will report to the Head of Investment Accounting.

You will serve as the accountable owner for the integrity of accounting and reporting outcomes and work closely with the company’s third-party investment accounting service provider and asset managers to ensure the accuracy and completeness of underlying investment accounting records. You will also work with the Reporting team to ensure appropriate GAAP and STAT reporting and disclosures, as well as with Finance to support the analysis and communication of investment results.

You will provide strategic oversight of and hold accountable the third-party investment accounting service provider to ensure a timely and accurate close, while leading, mentoring, and setting performance expectations for junior staff. The ideal candidate is a self-starter with strong problem-solving and decision-making skills. You are confident in the subject area and can take end-to-end ownership for the identification and resolution of complex problems involving multiple parties and senior stakeholders.

Duties And 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

Qualifications

Beyond experience, the right candidate will demonstrate the following leadership competencies and personal characteristics as the Director of Investment Accounting at Resolution Life:

• 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 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 abilit