Job Overview: Oliver James is seeking a highly motivated and detail-oriented Investment Accountant to join the finance team at a leading financial services company. The ideal candidate will have a strong background in investment accounting, with a focus on insurance assets and liabilities. This role requires expertise in statutory and GAAP accounting principles, as well as the ability to navigate complex investment portfolios. The successful candidate will play a crucial role in ensuring accurate financial reporting and compliance with regulatory requirements.
Responsibilities:
- Investment Accounting:
- Perform day-to-day accounting for insurance investments, including fixed income securities, equities, and alternative investments.
- Ensure accurate and timely recording of investment transactions in accordance with statutory and GAAP accounting standards.
- Financial Reporting:
- Prepare financial statements and reports related to the investment portfolio for internal and external stakeholders.
- Collaborate with internal teams to compile information for regulatory filings and disclosures.
- Valuation and Analysis:
- Conduct regular valuations of investment assets and liabilities, ensuring compliance with regulatory requirements.
- Analyze investment performance, providing insights into key drivers and variances.
- Reconciliation and Controls:
- Perform reconciliations of investment portfolios, verifying accuracy and completeness.
- Implement and maintain internal controls to ensure the integrity of financial data.
- Regulatory Compliance:
- Stay current with regulatory changes affecting the life insurance industry, ensuring compliance with statutory reporting requirements.
- Assist in the preparation of documentation for audits and examinations.
Desired Skills and Experience:
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field. Professional certification (e.g., CPA) is highly desirable.
- Proven experience in investment accounting within the financial services industry.
- Familiarity with statutory and GAAP accounting principles related to insurance investments.
- Strong analytical skills and attention to detail.
- Excellent communication and collaboration skills to work effectively with cross-functional teams.
- Ability to thrive in a dynamic and fast-paced environment.
Preferred Skills:
- Experience with investment accounting software and systems.
- Knowledge of actuarial principles and methodologies.
- Understanding of risk management practices in the context of investments.
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