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Sammons Financial Group Companies · 3 weeks ago

Sr. Accountant - Investment Accounting

Sioux Falls, SD

Full-time

Onsite

Senior Level

$56K/yr - $116K/yr

5+ years exp

Sammons Financial Group Companies is seeking a Senior Accountant specializing in Investment Accounting. This role involves preparing and reviewing investment accounting reports, supervising the Investment Analysis team, and ensuring compliance with regulatory requirements while acting as a subject matter expert in accounting principles.

FinanceFinancial ServicesRetirement

Growth Opportunities

No H1B

Hiring Manager

Theresa Sherry

Responsibilities

Serve as SME and ‘go to’ individual for the department by handling complex work items and questions presented to the team, including the ability to research and understand new accounting and financial reporting requirements including in-depth knowledge of how to apply the existing statutory (NAIC) guidelines and most aspects of Generally Accepted Accounting Principles (GAAP) insurance investment accounting to our investment processes and systems

Prepare and review annual and quarterly statutory filings (for compliance, data quality, and overall trend analysis) for all investments, including but not limited to long-term bonds, derivatives, equity securities, limited partnerships (and other equity method investments), commercial mortgage loans and short-term investments. First point of contact for questions from Financial Reporting and auditors

Prepare and review compliance/regulatory reporting and distribute data tables and disclosures to appropriate stakeholders. Examples include rating agencies surveys (S&P, AM Best, Fitch), year-end GAAP audit report financials and footnotes, and State of Iowa exams

Execute and lead key controls for the purposes of both the Model Audit Rule (MAR) and the external audit of our year-end GAAP financials (and other all product filings with the SEC). Design and identify all appropriate checks and balances within those key controls, along with ensuring compliance with regulatory requirements

Act as a first point of contact as an investment accounting consultant for users of our data, including answering day-to-day questions with security master files, investment trends, and system functions, etc. Will act as a back-up for system administrator functions

Serve as SME and primary point of contact for compliance with State of Iowa Investment Code 511.8, provide sign-off to the CFO each month that our allowable investments are in excess of our defined legal reserve

Assist with analysis of data in and out of the investment accounting system for a variety of processes, including but not limited to: valuation/pricing, prepayment speeds for mortgage-backed securities, external cash flows projections, agency (and NAIC) ratings

Continuously scrub and enhance data within the investment systems (holdings, transactions, security master file, etc.)

Assist with and review the daily cash reconciliation of custodian to investment system; resolve any issues or concerns immediately

Assist with and review the position reconciliation of custodian to investment system; resolve any issues or concerns immediately

Prepare/review internal reports for executives, actuaries, financial reporting, and investment management partners, as needed

Prepare/review monthly investment accounting trial balance reconciliations

Provide coaching, motivation, and act as a role model of work ethic for the Investment Analysis team

Assist in developing and maintaining investment accounting policies and procedures documentation (for MAR and otherwise). Responsible for developing well documented procedures and cross training others

Provide leadership in building relationships with team members, including those with different interpersonal styles. Have trusting and respectful relationships across both corporate accounting and business unit leadership

Identify and achieve common objectives across the team. Empower team and share important or relevant information. Value and use individual differences and talents. Actively listen and participate in team decisions and actions

Coach others to identify and implement continuous process improvements and support innovation. Proactively seek information about future projects and developments and prepare the team to accommodate changes in jobs/functions; evaluate change objectively regardless of the impact on own or team, view change as being a positive opportunity. Enthusiastically adopt and support new work processes

Coach others to document conditions that cause problems to occur, develop an action plan and take initiative with our vendors and partners, when appropriate. Provide insight to assist others in better understanding of facts and circumstances. Encourage collaboration so team members seek information and gain buy-in

Consistent with the team’s adoption of Workplace Flexibility Guidelines, eligible employees may be allowed to work from home for a portion of each week if all company and team requirements are met under the guidelines

Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity)

As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands

Participate in other initiatives and/or projects as necessary

Qualification

GAAP accountingInvestment accountingFinancial reportingCPA certificationData analysis toolsProblem solvingCommunication skillsOrganizational skillsTeam leadership

Required

Bachelor's Degree Accounting or Business Management with a strong accounting background

Minimum 5 years' of accounting, financial reporting, auditing, or related experience, insurance and/or investment accounting experience

Strong command of GAAP accounting, insurance and/or investment accounting knowledge

Familiarity with accounting systems, key controls, audit reports, report writing tools, and data analysis tools

Ability to build and maintain a strong working relationship with staff and managers within Corporate Accounting and our Asset Management partners

Knowledge of complex investment instruments

Excellent attention to detail, effective oral and written communication skills with an engaging, approachable style. Active listener

Exceptional problem solving skills, encourages others to think critically, acts as a necessary resource coach, volunteers for assignments and removes barriers to facilitate the accomplishment of team goals; consistently involves others and brings different people's knowledge and skills to bear on achieving team goals; always shares relevant or important information with the team; always adheres to decisions and recommendations of the team and is an enthusiastic supporter

Highly organized, self-directed, high level of accuracy and ability to meet strict deadlines

Exemplifies organizational values in day to day actions

Due to the financial nature and level of accountability of this position, a credit and criminal background check is required

This role will be subject to a SEC compliance program, which can include monitoring personal securities transactions, restrictions on outside business activities, as well as other oversight and restrictions

Preferred

Minimum 5 years' of accounting, financial reporting, auditing, or related experience, insurance and/or investment accounting experience

CPA and/or working toward CFA

Benefits

Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.

Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.

Healthy balance between work and personal lives.

Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.

Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.

Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.

Company

Sammons Financial Group Companies

Sammons® Financial Group Companies (collectively, Sammons Financial Group) provide today’s most sought after life insurance, annuity, and retirement products.

Founded in 1938

West Des Moines, Iowa, USA

1001-5000 employees