VP, Alternative Investments Accounting at Resolution Life | NY, US | Rezi

VP, Alternative Investments Accounting at Resolution Life

VP, Alternative Investments Accounting

Resolution Life · NY, US

1 months ago

VP, Alternative Investments Accounting

Resolution Life · NY, US

2 months ago
Resume preview

Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

About the Role

As VP of Alternatives Investment Accounting, you will set the strategic direction and governance for GAAP and STAT accounting close, financial reporting, and financial analytics for the company’s alternative investment portfolio. You will be the accountable owner for accounting and reporting integrity, collaborating with third-party providers and internal teams to ensure accuracy and completeness. This role involves strategic oversight of vendors, leading junior staff, and resolving complex problems with senior stakeholders.

Responsibilities

  • Serve as a recognized enterprise-wide subject matter expert on accounting and reporting for complex alternative investments.
  • Direct and govern the monthly accounting close over investment funds and mortgage loans, including oversight of two associates and a third-party accounting vendor.
  • Establish expectations for balance sheet and income statement attribution and variance analysis and challenge results.
  • Own the strategic relationship and performance governance of third-party accounting vendor.
  • Research and formally document technical accounting conclusions related to accounting and reporting guidance, including VIE analyses, on new investments.
  • Provide oversight of and challenge key judgments related to credit reserves and impairments on mortgage loans (CECL and OTTI).
  • Review and approve footnotes and schedules for U.S. GAAP and Statutory financial statements.
  • Collaborate with Investment Front Office on new investment strategies or investment managers, including evaluating accounting implications and influencing structure.
  • Evaluate investment results and deliver executive-level insights through analytics package to finance leaders.
  • Identify and review non-routine and complex manual journal entries needed for accurate financial results.
  • Act as a key accounting advisor to Investment Management, Third-Party Asset Managers, and Cedants.
  • Design, enhance, and oversee the effectiveness of internal financial controls to ensure accurate investment accounting results.
  • Lead talent development, including coaching, performance management, and organizational capability building.
  • Provide reporting and supplemental information to reinsurance cedants and ensure alignment with contractual and regulatory requirements.
  • Support an environment of continuous improvement by driving process transformation, automation, and scalability initiatives.

Requirements

  • Bachelor’s degree in Accounting or Finance required.
  • Certified Public Accountant preferred.
  • 10+ years of experience with 6+ years of investment accounting and/or insurance industry experience required.
  • Expertise in US GAAP and Statutory Accounting Principles, with demonstrated application to complex alternative investments.
  • Experience with Clearwater Analytics or Third-Party Investment Accounting model preferred.
  • Strong research, verbal and written communication skills are essential.
  • Confidence, credibility and character to liaise across corporate functions.
  • Ability to develop and maintain strong working relationships with colleagues.
  • Demonstrated leadership skills and ability to develop, coach and train others.
  • Ability to influence outcomes across functions without direct authority.
  • Sense of urgency and high degree of flexibility.
  • Ability to conform to shifting priorities, demands and timelines.
  • Strong focus on stakeholder satisfaction.
  • 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 in high-impact and ambiguous environments.
  • High level of interpersonal skills, integrity and ethics.
  • Self-starter with a collaborative approach who values and encourages teamwork and drives accountability.
  • Proficiency with Microsoft Office software.

Skills

  • Customer Focused
  • Critical Thinking
  • Team Mentality
  • Business Acumen
  • Learning Agility
  • Investment Accounting
  • Insurance Industry Experience
  • US GAAP
  • Statutory Accounting Principles
  • Alternative Investments
  • Clearwater Analytics
  • Microsoft Office

Location

  • West Chester, PA
  • New York, NY

Work Type

  • Hybrid - 3 days per week in the office

Experience Level

  • 10+ years of experience
  • 6+ years of investment accounting and/or insurance industry experience

Education Level

  • Bachelor’s degree in Accounting or Finance
  • Certified Public Accountant preferred

Salary/Compensations

  • West Chester, PA - $159,000- $204,000
  • New York, NY: $173,000- $223,000

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.
  • 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.