Job Description
We are looking for a talented and motivated Senior Investment and Financial Reporting Accountant to join a high-performing team within an A-rated insurance program management company. This company partners with managing general agents across more than 70 programs and manages over $2.1 billion in gross premium annually, with operations spanning Europe, the UK, and the US.
About the Role:
As a Senior Investment and Financial Reporting Accountant, you will play a crucial role in supporting the Finance Department with financial reporting, investment analysis, financial planning, treasury activities, and the consolidation of financial data. This position is key to ensuring accurate financial statements and contributing to the company's investment strategy.
Key Responsibilities:
- Prepare consolidated group financial statements and related notes in compliance with US GAAP.
- Draft and review accounting memos and journal entries in line with US GAAP.
- Reconcile underwriting accounts between the general ledger and supporting documentation.
- Review investment reconciliations, ensuring alignment between the general ledger and Clearwater reports.
- Provide detailed analysis and clearly communicate accounting results to management.
- Ensure compliance with accounting and reporting processes, policies, and internal controls.
- Foster effective relationships with both internal and external auditors, ensuring timely and accurate GAAP and statutory reporting.
- Lead initiatives to improve processes, enhance efficiency, and streamline financial statement support.
- Take an active role in investment accounting projects, supporting or leading as needed.
- Implement and uphold internal controls to protect company assets and ensure robust workflows.
- Stay up-to-date with relevant accounting standards, regulatory requirements, and internal controls.
- Contribute to the development of investment strategies and provide recommendations in line with company objectives.
- Assist in ensuring investment managers adhere to regulatory and internal guidelines, while evaluating investment managers and associated fees.
- Prepare appraisals, reports, and other materials for internal and external use.
- Collaborate across departments, including Underwriting, Finance, Capital, and Legal.
- Attend audit and risk committee meetings to provide financial insights.
- Oversee local liquidity management and coordinate capital movement across the organization.
- Manage internal loan documentation and collaborate with the group controller on banking covenants.
- Work closely with banking partners to explore liquidity products and solutions.
- Support financial planning and analysis (FP&A) functions when needed.
Skills & Qualifications:
- Strong knowledge of investment products and their accounting treatment across various asset classes, including fixed maturity, equity, cash equivalents, and alternative investments.
- In-depth understanding of US GAAP, particularly in the preparation of financial statements.
- Advanced proficiency in Microsoft Excel, including pivot tables and data analysis.
- Familiarity with capital, debt, and currency markets.
- Ability to evaluate investment KPIs and financial ratios.
Education & Experience:
- CPA, ACCA, ACA, or equivalent certification required.
- Bachelor's degree in Accounting or Finance.
- At least 2 years of experience in P&C insurance.
- Minimum of 5 years of experience in financial reporting under US GAAP, with a preference for candidates with Big 4 experience.
Employment Type: Full-Time
Salary: $ 125,000.00 150,000.00 Per Year
Job Tags
Full time, Local area,