Senior Associate, Investment Accounting

🔥 13 hours ago

🇺🇸 United States – Remote

💵 $100k - $120k / year

⏰ Full Time

🟠 Senior

💸 Financial Planning and Analysis (FP&A)

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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

• Compile monthly and quarterly investment data, including net investment income, realized gains and losses, investment yields, and investment balances by asset class • Support the accounting close process, including journal entries and balance sheet reconciliations for GAAP and STAT accounting • Perform analytical review of investment income, yields, fair value changes, and realized/unrealized gains and losses • Support quarterly and annual statutory and GAAP investment disclosures and footnotes • Assist with implementation and onboarding of new investment portfolios related to block acquisitions • Support regulatory filings and ad hoc requests related to Bermuda Monetary Authority requirements • Execute internal control procedures over fixed income, equities, commercial mortgage loans, private equity, hedge funds, and real estate • Provide investment data for Economic Balance Sheet calculations and Bermuda reporting • Ensure completeness and accuracy in the investment accounting platform • Monitor, research, and resolve investment suspense account balance issues • Ensure SOX and internal control framework compliance, including documentation and walkthrough support • Identify control gaps and recommend enhancements • Perform variance analysis and investigative procedures on investment balances and income trends • Liaise with internal and external audit teams and provide requested information and control evidence • Lead private equity operations, including extracting financial data from fund capital account statements, completing system upload templates, and performing related controls • Drive continuous improvement within the investment close cycle • Participate in system enhancements, UAT testing, and automation implementation • Develop and maintain desktop procedures and process documentation • Leverage AI-enabled tools and advanced analytics to improve securities accounting efficiency, accuracy, and scalability • Foster accountability, quality, and continuous improvement aligned with Fortitude Re’s core values • Report to the VP, Private Markets Accounting

🎯 Requirements

• Bachelor’s or Graduate degree in Accounting or Finance; CPA preferred • Minimum of 5 years of relevant experience in the reinsurance industry or financial services • Experience managing large volumes of data, with strong general ledger and/or analysis tool systems background • Strong understanding of GAAP and STAT investment accounting principles • Knowledge of fair value hierarchy, effective yield methodology, and alternative investment accounting • Familiarity with reinsurance structures and investment implications preferred • Experience with PowerQuery, Alteryx, Tableau or similar products desired • Experience using Clearwater investment accounting platform desired • Excellent communication, presentation, and interpersonal skills • Proven ability to manage multiple deliverables and meet deadlines • Proficient in Microsoft Office products, with strong proficiency in Microsoft Excel • Highly motivated and creative strategic thinker • Strong management and collaboration skills, with the ability to manage processes working with a diverse team across multiple departments and locations • Detail-oriented with strong analytical and problem-solving capabilities • Ability to operate in a fast-paced, growth-oriented environment • Strong ownership mindset with the ability to work independently while collaborating cross-functionally • Intellectual curiosity and commitment to continuous learning, particularly in automation and AI-enabled tools

🏖️ Benefits

• Annual bonus based on company and individual performance • Generous benefits package • Professional development and career advancement opportunities