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Global Atlantic · 2 weeks ago

Assistant Vice President, Investment Accounting

Boston, MA

Full-time

Onsite

Senior Level, Lead/Staff

$150K/yr - $175K/yr

8+ years exp

Global Atlantic is a leading provider of retirement security and investment solutions. They are seeking an Assistant Vice President for the Investment Accounting Center of Excellence to oversee accounting operations, manage a team, and enhance investment accounting processes.

Financial ServicesInsuranceLife InsuranceRetirement

Comp. & Benefits

No H1B

Responsibilities

Support the management of a team of investment accounting professionals responsible for GAAP and STAT investment controllership functions

Provide mentorship and guidance to team members, fostering a culture of accountability, continuous improvement, and excellence

Oversee daily, monthly, and quarterly investment accounting operations, including the reconciliation of investment balances between Clearwater and the general ledger

Ensure timely and accurate preparation of journal entries, account reconciliations, certifications, and flux analyses across multiple accounting bases

Monitor clearing of suspense activity, ensuring adequate substantiation and adherence to internal control standards

Execute and review month-end close procedures, including analytical reviews of investment balances, validation of investment income, unsettled trades review, and suspense reconciliations

Support accounting consolidation and intercompany elimination processes for SPV structures

Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule

Act as a liaison between Investment Accounting and Investment Operations to ensure proper instruction and accounting for complex investment transactions (e.g., asset transfers, restructures, new investments, and reinsurance block transactions)

Partner with GAAP and STAT Controllership teams, Accounting Policy, and Investment Operations to ensure new investments are accurately and efficiently reflected in the accounting systems

Coordinate with third-party service providers and internal stakeholders to ensure timely processing and accurate recognition of investment-related transactions

Drive initiatives aimed at enhancing investment accounting processes, data consistency, and operational efficiency across multiple accounting bases

Support transformation projects to streamline investment data management, reconciliation, and reporting processes within the COE

Contribute to the design and implementation of scalable solutions that improve the concurrent delivery of GAAP and STAT investment results

Qualification

CPAInvestment accountingGAAPSTAT reportingSOX controlsClearwater AnalyticsMS ExcelAnalytical skillsProcess improvementCommunication skillsTeam management

Required

Bachelor's in Accounting or Finance; CPA

8+ years of relevant experience

Knowledge of investment accounting and reporting for insurance companies under both GAAP and STAT, with a strong understanding of how upstream operational processes impact downstream accounting and reporting for fixed income portfolios, including complex structured securities, loans, and intercompany transactions arising from internal securitizations

Knowledge of SOX controls and public company experience

Proven ability to successfully manage close processes across multiple teams with timely and accurate delivery of financial results

Strong analytical skills, ability to analyze financial results

Strong ability to effectively communicate complex accounting to different stakeholders in the organization at all levels through written, verbal and interpersonal skills

Excellent computer skills, including MS Excel, Peoplesoft platforms, data warehouse a plus

Strong focus on process improvement and automation