This position is a part of our Core Specialty Leaders in Training, full-time early careers, leadership development program. Please see below the Staff Accountant job posting for more information about this exciting program.
The Staff Accountant will play a critical role within the investment team and will be responsible for the completeness and accuracy of the data within our investment accounting software tool, Clearwater, along with the recording of investment transactions in the general ledger on a GAAP and statutory basis for four standalone insurance companies and reporting on the consolidated investment portfolio on a daily, weekly, monthly, and quarterly basis. This person will review transactions within Clearwater in comparison to our custodian records and asset manager’s trade activity and ensure alignment amongst these various data points. Strong collaboration and communication amongst the various parties is key to the investments process.
Key Accountabilities/Deliverables:
- Monitor daily investment activity within the investment accounting tool, Clearwater
- Prepare monthly investment reconciliations, including custodian, Clearwater and Workday reconciliations
- Prepare and post monthly investment journal entries on a GAAP and statutory basis for four insurance companies
- Prepare monthly pricing and fair value levelling review for all securities
- Prepare monthly investment expense accruals
- Prepare daily summary of investment activity
- Prepare weekly investment report
- Prepare monthly investment report
- Prepare various adhoc analysis of the investment portfolio for management as requested
- Assist in the monitoring of actual investment expenses to planned expenses
- Assist in the maintenance of other invested assets schedule and related reporting
- Assist in the integration of Clearwater and Workday
- Assist in the quarterly preparation of the investment material for the Finance Committee, Risk Committee and Board of Directors
- Prepare quarterly and annual GAAP reporting of investments within the consolidated financial statement, investor supplement and any future reports utilized by management
- Prepare quarterly and annual STAT reporting of investments within the yellow books, statutory financial statements, and various statutory exhibits
- Prepare various compliance reporting of investment holdings for state insurance departments
- Prepare investment data for AM Best reporting
- Assist in the coordination amongst various banks and state insurance departments for necessary investment transactions and account maintenance
- Support internal and external audit requests related to the investments area
- Maintain procedural documentation for assigned responsibilities
Technical Knowledge and Understanding:
- Advanced Excel/spreadsheet skills including pivot tables and complex formulas
- Must have good working knowledge of US GAAP accounting
- Excellent analytical and organizational skills
- Ability to work independently and manage time effectively
Experience:
- Bachelor’s degree in Accounting, Finance, or related field, CPA eligible preferred
- 0 to 3 years accounting experience, preferably in insurance industry
- Familiarity with US GAAP reporting
- Proficiency with Microsoft Office Suite
- Experience with General Ledger Accounting System preferred
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
CORE SPECIALTY LEADERS IN TRAINING PROGRAM
This position is part of our Core Specialty Leaders in Training, leadership development program. This is an exciting, full-time rotational program for graduating university seniors and early career professionals.
The Core Specialty Leaders in Training Program is a two-year, three rotation program designed to help you develop the technical competencies and leadership acumen to kick-start your career. You'll have the opportunity to do a deep dive and build expertise in your chosen track by getting to experience rotations in different areas of your function.
You worked hard to achieve your dream of obtaining a college degree, now it's time to do the same as you launch your career in Core Specialty's Leaders in Training Program. We believe that the best way to figure out where you want to go in life is to try new things. Let us give you the opportunity to explore an exciting career path in a supportive and encouraging environment where every ambition is within reach.
Our Leaders in Training program is designed to help you build your career as a leader of tomorrow. As a participant in this program, you will have the opportunity to build deep professional, company and industry expertise through meaningful assignments, networking and real-world experiences.
Our Benefits
At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program.
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