Service Delivery Operations Team Lead/Consultant | Mid-Level | Full time
The Derivative Investment Accountant is part of the Investment group which is responsible for the accounting and reporting for the client's Invested Assets comprised of fixed maturity securities, alternative investments, residential loans, equity securities, hedge funds, and various types of derivatives.
The team's specific responsibilities include reconciliation of transactional data from various sub ledgers to the general ledger and ultimately the client's financial statements, as well as all related external reporting for investments (10-Q/K, Financial Supplement, STAT Audited Financials and Investment NAIC reporting). The team is also responsible for the implementation of new GAAP and STAT accounting standards as it relates to investments, establishing the accounting for new transactions or new investment types and management of the risks, controls and client audit as it relates to investments and Investment FP&A.
Key Responsibilities:
- Prepare issued debt journal entries and financial schedules for US GAAP and STAT
- Assist Director with preparation of US GAAP and statutory hedge accounting packages
- Prepare quarter end derivative elimination and consolidation journal entries
- Prepare accounting reconciliations and administer derivative financial controls program
- Prepare and reconcile various financial statement disclosures
- Provide analytical support, including management reporting, for senior management
- Prepare certain recurring journal entries as part of monthly and quarterly close
- Execute recurring data validations and checks
- Manage data governance process for Invested Assets
- Cross train with other team members within Investment Accounting and provide support as deemed necessary
- Liaise with Operations, Treasury and other teams within Client
- Ensure compliance with relevant policies and procedures for derivative accounting
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