The Fund Accounting Associate Manager 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:
- Manage the accounting processes related to the monthly and quarterly accounting close to ensure accuracy of invested assets data.
- Manage the preparation of statement of cash flows for investments.
- Manage the preparation of certain Investment disclosures for 10-Q/K and Financial Supplement. These include all Investment, Lending, Fair Value, VIE Footnotes and Investment MD&A.
- Lead in new initiatives for process improvements, in coordination with other areas of the department organization.
- Manage annual investment related NAIC STAT reporting exhibits, schedules, and disclosures.
- Point of contact and support for the various business unit and corporate controllers.
- Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance support that ensures the accounting results from these investments are accurately recorded in the client ledgers across multiple basis GAAP and STAT.
- Support management with ad hoc L&R Separation from client requests.
- Prepare accurate net asset values (NAVs), yields, distributions, and other fund accounting outputs for subsequent review.
- Prepare, review, and analyze financial reporting, including GAAP financial statements (under both historical and investment company accounting), cash flows, budgets, REIT reporting and other project specific reporting.
- Calculate and review LP/GP investor allocations including incentive fees, management fees, waterfall calculations, and IRRs. Capital Call/Distribution management.
- Coordinate and monitor external audit process.
- Proactively identify and resolve accounting, reporting, and tax issues.
- Manage joint-venture partner relationships including review of monthly financial statements.
Basic Qualifications:
- Minimum of 5 years' experience in one or a combination of the following: Insurance, Financial Services, and/or Finance Accounting.
Preferred Skills Qualifications:
- Bachelor's degree with a major in a quantitative field e.g., Finance, Accounting, Math, Statistics; advanced degree or CPA a plus.
- Work experience with a Big 4 or other internationally recognized CPA firm.
- Experience in accounting and reporting for investments.
- Demonstrated experience with financial reporting, financial statement presentation, budgeting, transaction analysis.
- Knowledge of fixed income and equity securities.
- Strong knowledge and experience of financial instruments, including fixed income and equity securities, loans, alternative investments.
- Strong knowledge and experience of GAAP accounting pronouncements, US GAAP and US insurance statutory disclosure and reporting requirements for invested assets.
- Experience in controllership or financial reporting role at a public company; insurance sector experience a plus.
- Experience developing executive level presentation materials.
- Excellent computer skills, including Yardi, Microsoft Office Suite, and Advanced Excel skills.
Professional Qualifications:
- Comfort with uncertainty and fluidity, and can work in an agile manner.
- Strong written and oral communication skills.
- Superior organizational skills and ability to multitask with a variety of systems and processes to meet competing deadlines.
- Highly motivated, attention to detail, strong quantitative and analytic skills.
- Strong analytical and critical problem solving skills.
- Ability to manage a broad range of stakeholders.
- Self-starter, and a team player with ability to communicate with teams with various backgrounds.
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