Investment Accountant

East Rutherford, NJ 07073

Post Date: 02/23/2018 Job ID: 8042 Industry: Accounting

SUMMARY

Responsible for the preparation, coordination, analysis and management of all investment accounting information for both internal and external use.

RESPONSIBILITIES

  • Management of the investment accounting processes, including on a day-to-day basis acting as a liaison between the Company and investment accounting outsourced services provider



  • Preparation (or review in the case of London business) of required and adhoc reporting for investments including the quarterly investment commentaries and rating and maturity reports



  • Implementation and maintenance of new investment portfolios and strategies, including ensuring that the correct accounting treatment is being applied and the appropriate documentation is maintained



  • Reviewing of investment return and as required providing accurate explanations of variances to externally calculated returns



  • Management of changes to portfolios including changes in accounting designation (e.G. Available-for-sale to held-to-maturity)



  • Liaise with Investment Division to gain a better understanding of new products, portfolios and strategies, and to become aware of anything that impacts Accounting



  • Preparation of journal entries and supporting reconciliations



  • Preparation of other than temporary impairment analysis for both the US and UK



  • Preparation of investment related tables/numbers and disclosures in support of the Annual Financial Statements and Bermuda Statutory Return



  • Preparation and coordination of all investment support for external auditors and rating agencies



  • Develop or identify recommendations to improve and enhance processes and procedures



  • Other special projects and assignments, as required



QUALIFICATIONS

  • Bachelor s degree in Accounting



  • Knowledge of investments and investment accounting



  • Experience in financial analysis and financial reporting



  • Strong Microsoft Excel skills



  • Good mathematical and oral and written communications skills



  • General knowledge of U.S. GAAP and insurance accounting principles



  • Insurance company experience preferred



  • 5 years experience in financial services industry or investment accounting function preferred



  • Professional accounting designations a plus



  • Ability to work on multiple projects independently





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