Assistant Vice President, Investment Accounting

🔥 46 minutes ago

🏖️ New Jersey, Tennessee – Remote

🏖️ New Jersey – Remote 🎸 Tennessee – Remote

💵 $145k - $165k / year

⏰ Full Time

🔴 Lead

👔 Vice President

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Fortitude Re

WebsiteLinkedInAll Job Openings

201 - 500 employees

🛡️ Insurance

💸 Finance

⚕️ Healthcare Insurance

Insurance • Finance • Healthcare Insurance

Fortitude Re is a reinsurance company that specializes in helping insurance companies around the world address their complex risk transfer challenges. The firm designs and delivers customized solutions for legacy Life & Annuity and Property & Casualty (P&C) insurance lines. Backed by experienced investor groups including The Carlyle Group and T&D Insurance Group, Fortitude Re prides itself on its leadership with over 20 years of industry experience to effectively manage legacy liabilities. Fortitude Reinsurance Company Ltd. , along with its subsidiaries, operates globally with a significant presence in Hamilton, Bermuda.

📋 Description

• Manage the day-to-day investment accounting team and Fortitude Re’s investment accounting platform • Lead month-end and quarter-end close for investment accounting and reporting • Analyze investment results under GAAP, U.S. STAT, Bermuda STAT, and management reporting bases • Manage analysis of net investment income, realized gains and losses, investment yields, and investment balances by asset class • Support Capital teams with investment results and reporting • Support the investment accounting internal control environment under Sarbanes-Oxley and the NAIC Model Audit Rule • Manage and review general ledger activity, reconciliations, audit support, and ad hoc projects • Onboard and integrate new investment portfolios and build associated reporting, processes, and controls • Manage quarterly and annual footnotes, MD&A, statutory investment exhibits, debt reporting covenants, and committee reports • Prepare earnings reports, audited financial statements, footnotes, and rating agency reporting • Perform investment valuation and reconciliation controls • Create automated investment reporting and automate manual processes and controls • Facilitate external audits, testing, and audit work papers • Review and compile investment data and post GAAP and STAT general ledger entries • Assess emerging FASB and NAIC investment accounting guidelines • Develop analytic tools to monitor results and trends • Partner with investment teams and managers on reporting for transactions and accounting policy changes • Build and lead a high-performing investment accounting team, mentoring and developing team members

🎯 Requirements

• Bachelor’s or Graduate degree in Accounting or Finance with CPA or equivalent accounting certification required • Minimum 7+ years accounting experience • 3 or more years of investment accounting experience with an insurance/reinsurance company and Big 4 background • Investment reporting experience • Public company SOX controls experience • Experience managing and developing a team of investment accounting professionals • Strong analytical and project management skills • Ability to apply U.S. GAAP and STAT investment accounting principles and reporting • Experience with Life, Annuities and Property Casualty lines of business highly desired • Ability to manage simultaneous projects with tight deadlines • Clear and concise written and verbal communication • Ability to review forecasts and trends and identify issues and opportunities • Proficient in Microsoft Office, especially Microsoft Excel • Ability to maintain working relationships with internal and external asset managers, accounting, compliance, actuarial, management, and systems personnel • Experience with Clearwater investment accounting platform highly desired

🏖️ Benefits

• Annual bonus based on company and individual performance • Generous benefits package • Equal opportunity and inclusive workplace culture