Manager, Investment Accounting

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Summary/Objective

As Manager of Investment Accounting, you will be responsible for overseeing the GAAP and STAT accounting close, financial reporting, and financial analytics pertaining to the company’s bond portfolio. The Manager of Investment Accounting will report to the AVP of Investment Accounting. You will work closely with the company’s third-party investment accounting service provider and asset managers to ensure underlying investment accounting records are accurate for bonds. You will also work with the Reporting team to ensure appropriate GAAP and STAT accounting disclosures, as well as with Finance to support the analysis and communication of investment results. You will manage the third-party investment accounting service provider to ensure a timely close, while providing oversight and development to junior staff. The ideal candidate is a self-starter with strong problem solving and decision-making skills. You are confident in the subject area and can take ownership in the identification and resolution of problems involving multiple parties.
Duties and Responsibilities

• Serve as a subject matter expert on accounting and reporting for bonds
• Oversee and perform the monthly accounting close over bonds
• Perform balance sheet and income statement attribution and variance analysis
• Manage relationship with third-party accounting vendor to properly account for private credit assets
• Compile and/or review footnotes and schedules for U.S. GAAP and Statutory financial statements
• Collaborate with Investment Front Office on new investment manager onboarding
• Evaluate investment results and prepare and communicate analytics package to finance leaders
• Research accounting and reporting guidance on new investments
• Review investment portfolio and discuss with investment managers to determine if an allowance or impairment is needed
• Identify manual journal entries needed for accurate financial results; book and review manual journal entries
• Calculate and evaluate Interest Maintenance Reserve and Asset Valuation Reserve
• Consult with Investment Management and Third-Party Asset Managers
• 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

Qualifications

Beyond experience, the right candidate will demonstrate the following leadership competencies and personal characteristics as the Manager of Investment Accounting at Resolution Life

• Bachelor’s degree in Accounting or Finance required
• Certified Public Accountant preferred
• 6-10+ years of experience with 4+ years of investment accounting and/or insurance industry experience required
• Expertise in US GAAP and SAP
• 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 RLUS and Group 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 goals
• Concerned with customer satisfaction and consistently works to provide high level of 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
• 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/Competencies

At Resolution Life, we have identified the following critical skills which are key to success in our culture: 

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem-solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals. 
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions. 
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Location: West Chester, PA and New York, NY preferred (Hybrid - 2-3 days per week in the office), or open to Atlanta, GA.

Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the primary location, which is listed first. The range for the role may differ based on the location.

·       West Chester, PA - $126,000 - $154,000 

·       New York, NY: $135,000 - $165,000

·       Atlanta, GA: $117,000 - $143,000

Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture: 

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals. 
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions. 
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.