Financial Consulting Senior Associate- Insurance Accounting

Position Overview:

We are seeking experienced Senior Accountants to join our team and support our clients with insurance and investment accounting experience. The ideal candidate will possess expertise in managing typical asset classes for insurance companies, a strong understanding of both Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (STAT), and proficiency with the investment accounting system (PAM, Clearwater, Aladdin Accounting, etc.). This role requires analytical acumen, attention to detail, and a commitment to delivering exceptional client support.

Key Responsibilities:

Perform detailed investment accounting tasks for various asset classes, including fixed income, equities, derivatives, real estate investments, private placements, commercial mortgage loans, and alternative investments.

• Prepare and review GAAP and STAT financial statements, schedules, and reports to ensure compliance with regulatory standards.
• Reconcile investment portfolios, ensuring accuracy and resolving discrepancies in a timely manner.
• Utilize investment accounting system for recording, monitoring, and reporting investment activity.
• Collaborate with internal and external stakeholders to provide expert guidance on investment accounting and regulatory reporting requirements.
• Conduct variance analysis, financial reporting analysis, and other ad hoc analyses to support client decision-making.
• Stay updated on regulatory changes and industry trends impacting investment accounting and insurance companies as a whole.
• Technical proficiency and willingness to learn on various technical accounting topics

Qualifications:

• Bachelors degree in Accounting, Finance, or a related field; CPA or equivalent designation preferred.
• Minimum of 3 years of experience in investment accounting, preferably in the insurance industry. Alternatively relevant experience in banking and asset management industries will be considered
• Strong knowledge of GAAP and STAT principles, with a focus on investment accounting.
• Experience with Investment accounting systems (Clearwater, Aladdin Accounting, PAM, others) is highly desirable.
• Proficiency in Microsoft Excel and other financial analysis tools.
• Excellent communication and interpersonal skills, with a client-focused mindset.
• Ability to manage multiple priorities in a fast-paced environment and meet deadlines.
• Strong analytical and problem-solving skills, with keen attention to detail.