Derivative Investment Accountant

The Derivative Investment Accountant is part of the Investment group which is responsible for the accounting and reporting for the client's Invested Assets comprised of fixed maturity securities, alternative investments, residential loans, equity securities, hedge funds, and various types of derivatives. The team's specific responsibilities include reconciliation of transactional data from various sub ledgers to the general ledger and ultimately the client's financial statements, as well as all related external reporting for investments (10-Q/K, Financial Supplement, STAT Audited Financials and Investment NAIC reporting). The team is also responsible for the implementation of new GAAP and STAT accounting standards as it relates to investments, establishing the accounting for new transactions or new investment types and management of the risks, controls and client audit as it relates to investments and Investment FP&A. Key Responsibilities: Prepare issued debt journal entries and financial schedules for US GAAP and STAT Assist Director with preparation of US GAAP and statutory hedge accounting packages Prepare quarter end derivative elimination and consolidation journal entries Prepare accounting reconciliations and administer derivative financial controls program Prepare and reconcile various financial statement disclosures Provide analytical support, including management reporting, for senior management Prepare certain recurring journal entries as part of monthly and quarterly close Execute recurring data validations and checks Manage data governance process for Invested Assets Cross train with other team members within Investment Accounting and provide support as deemed necessary Liaise with Operations, Treasury and other teams within Client Ensure compliance with relevant policies and procedures for derivative accounting Basic Qualifications: A minimum of 3 years of experience in Investment Accounting and one or a combination of the following: Insurance, Financial Services and/or Finance & Accounting Preferred Skills/Qualifications: Bachelor's degree with a major in a quantitative field (e.g., Finance, Accounting, Math, Statistics); Advanced Degree, CPA or CFA is preferred 5+ years of experience in accounting and/or finance in Financial Services industry with 3+ years of experience working with ASC 815 Solid practical knowledge of derivative products/markets. In addition, knowledge of other investment products is preferred Experience with application of US GAAP hedge accounting is preferred Experience with STAT accounting is preferred Strong knowledge and experience of financial instruments, including fixed income and equity securities, loans, alternative investments and more Strong knowledge and experience of GAAP accounting pronouncements, US GAAP and US insurance statutory disclosure and reporting requirements for Invested Assets Strong controllership mindset or financial reporting role at a public company; insurance sector experience a plus, audit background is preferred Computer proficiency with a strong working knowledge of Microsoft Office Professional Skills: Innovative, improvement mindset Clear/critical thinking, excellent written/verbal communication skills Ability to work effectively in a cross-functional team Ability to balance multiple projects at once, to prioritize appropriately, and to approach the work with a sense of urgency and strong attention to detail to produce high quality results in a time sensitive environment High level of motivation and initiative, ability to work independently, including strong organizational and management skills Strong analytical and problem-solving skills Ability to manage a broad range of stakeholders Compensation at Accenture varies depending on a wide array of factors, which may include but are not limited to the specific office location, role, skill set, and level of experience. As required by local law, Accenture provides a reasonable range of compensation for roles that may be hired in California, Colorado, District of Columbia, Maryland, New York or Washington as set forth below. The application window for this job will remain open until at least 09/12/2024. However, if this date has passed, please note we are still accepting applications. Information on benefits is here. ( Role Location Annual Salary Range California $73,000 to $168,600 Colorado $73,000 to $145,700 District of Columbia $77,700 to $155,100 New York $67,600 to $168,600 Maryland $67,600 to $134,900 Washington $77,700 to $155,100 What We Believe We have an unwavering commitment to diversity with the aim that every one of our people has a full sense of belonging within our organization. As a business imperative, every person at Accenture has the responsibility to create and sustain an inclusive environment. Inclusion and diversity are fundamental to our culture and core values. 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Requesting An Accommodation Accenture is committed to providing equal employment opportunities for persons with disabilities or religious observances, including reasonable accommodation when needed. If you are hired by Accenture and require accommodation to perform the essential functions of your role, you will be asked to participate in our reasonable accommodation process. Accommodations made to facilitate the recruiting process are not a guarantee of future or continued accommodations once hired. If you would like to be considered for employment opportunities with Accenture and have accommodation needs for a disability or religious observance, please call us toll free at 1 (877) , send us an email ( or speak with your recruiter. Other Employment Statements Applicants for employment in the US must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States. 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Created: 2024-11-05