About the Role
Oversee the GAAP and STAT accounting close, financial reporting, and financial analytics for the company’s derivatives portfolio. Report to the Head of Derivatives Accounting and collaborate with internal teams and external providers to ensure accuracy and completeness of financial records.
Responsibilities
- Serve as a subject matter expert on accounting and reporting for derivatives
- Oversee and perform the monthly accounting close over derivatives
- Perform balance sheet and income statement attribution and variance analysis
- Manage relationship with third-party accounting vendor to properly account for derivatives
- Compile and/or review footnotes and schedules for U.S. GAAP and Statutory financial statements
- Collaborate with Investment Front Office on new derivative strategies or investment managers
- Evaluate investment results and prepare and communicate analytics package to finance leaders
- Research accounting and reporting guidance on new derivative strategies or instruments
- Identify manual journal entries needed for accurate financial results; prepare and review manual journal entries
- Consult with Investment Management, Third-Party Asset Managers, and Cedants
- Execute key internal financial controls to ensure accurate investment accounting results
- Assist and develop junior staff on daily, monthly, and quarterly tasks
- Provide reporting and supplemental information to reinsurance cedants
- Support an environment of continuous improvement
Requirements
- Bachelor’s degree in Accounting or Finance required
- Certified Public Accountant preferred
- 6-10+ years of experience with 4+ years of derivatives accounting and/or insurance industry experience required
- Expertise in US GAAP and Statutory Accounting Principles
- Experience with Clearwater Analytics or Third-Party Investment Accounting model preferred
- Strong research, verbal and written communication skills are essential to effectively and clearly communicate technical issues in a pragmatic way to others including senior leadership
- Confidence, credibility and character to liaise across corporate functions; ability to develop and maintain strong working relationships with colleagues both within Resolution Life and throughout the industry
- Demonstrated leadership skills and ability to develop, coach and train others in an organizational setting
- Sense of urgency and high degree of flexibility - ability to conform to shifting priorities, demands and timelines, making adjustments accordingly and execute tasks in support of corporate objectives
- Strong focus on stakeholder satisfaction and consistently works to provide a high level of service
- Ability to act independently in identifying problems while exhibiting judgement and a realistic understanding of issues and interdependencies
- Strong problem solving and decision-making skills
- High level of interpersonal skills, integrity and ethics
- Self-starter with a collaborative approach who values and encourages teamwork
- Proficiency with Microsoft Office software
Skills
- Customer Focused
- Critical Thinking
- Team Mentality
- Business Acumen
- Learning Agility
Location
- West Chester, PA
- New York, NY
Work Type
- Hybrid - 3 days per week in the office
Experience Level
- 6-10+ years of experience
- 4+ years of derivatives accounting and/or insurance industry experience
Education Level
- Bachelor’s degree in Accounting or Finance
- Certified Public Accountant preferred
Salary/Compensations
- West Chester, PA - $117,000- $153000
- New York, NY: $127,500- $167,000
Benefits
- Health & wellness program
- Incentive and recognition programs
- 401k contribution
About the Company
- Resolution Life was founded with a clear mission: to support the long-term growth of the primary life insurance industry and deliver on our commitments to our policyholders, for the benefit of society.
- We serve that mission by acting as a global custodian to the life insurance and annuity industry by providing capital for growth through reinsurance and acquiring and managing portfolios of life insurance companies.
- Our innovative approach ensures promises can be kept, the primary market can grow, and everyone involved can have a secure financial future.
- In fact, we pride ourselves on innovating fit-for-purpose solutions to our customers’ challenges.
- We seek talented, ambitious people who dare to be different in their thinking, willingly collaborate, thrive in a dynamic, agile environment and share our desire to drive change for a better future.
- We will support you to drive your own career and achieve your full potential at Resolution Life.
- We’ve got big ambitions for the future and know we’ve got the best people to take us there.
- We hope to offer our people a career, not just a job.
- Check out our current employment openings and see if Resolution Life is right for you.
- Learn more about Resolution Life.
