AmTrust Financial is hiring: Director, Accounting in Jersey City
AmTrust Financial, Jersey City, NJ, United States
Director, Accounting
Job Locations US-NJ-Jersey City Requisition ID 2024-17736 Category Accounting Position Type Regular Full-TimeOverview
The Investment Accounting Director is an integral member of the Finance organization that supports the Vice Presidents of Investment Accounting and is primarily responsible for (1) the monthly U.S. and local GAAP/Statutory financial close for domestic and international entities; (2) U.S. GAAP footnote disclosures and other external reporting, including quarterly and annual U.S. Statutory reporting; and (3) overseeing the accounting for key estimates and maintaining related control processes. The role requires fluency in Clearwater Analytics and Oracle ERP, and the ability to translate requirements between the two systems. The Investment Accounting Director is technically proficient in or has been exposed to (1) ASC Topics 320 through 326; (2) broad topics, including foreign currency matters, equity method accounting and consolidations, and fair value measurements; and (3) has a working knowledge of/ability to develop a working knowledge of various international GAAPs, including UK GAAP, Irish GAAP and IFRS. Lastly, the Investment Accounting Director is responsible for the professional development of several team members.
Responsibilities
- Oversees and coordinates all daily accounting operations and monthly financial closes for the domestic and international entities' investment portfolios for U.S. GAAP, U.S. Statutory and local accounting bases, including coordination of the quarterly close calendar;
- Is a primary point of contact for questions and issue resolution, and works closely with domestic and international colleagues on ad hoc reporting requests to satisfy local regulatory requirements;
- Implements and continues to enhance processes for recording and reconciling investment accounting journal entries and balances, which includes continuous improvement of excel processes, coordinating with the ERP/HFM teams, opening accounts and maintaining the investment accounting COA, opening/tracking/resolving ERP tickets and change management requests;
- Leads projects/implementations with Clearwater;
- Prepares the quarterly credit allowance analysis, attends and participates in the presentation of the analysis to Senior Management at the Committee meeting, drafts and coordinates review and approval of the Committee meeting minutes;
- Manages the U.S. GAAP and U.S. Statutory accounting for all alternative investments and maintains the Clearwater LPx tool;
- Researching and advising on U.S. GAAP and U.S. Statutory technical accounting matters for investment transactions, new asset classes and/or other matters as needed, including drafting accounting policy memorandums;
- Oversees completion of the investments section for the annual AM Best Survey;
- Reviews and approves all U.S. GAAP investment related financial statement footnotes (and MD&A disclosure if/when applicable again), prepares the investment section of the cash flow statement, validates/ensures roll forward of OCI, all while working in collaboration with the Financial Reporting Team;
- Manages and monitors the career development of several full time team members, including goal setting and annual performance reviews.
Qualifications
The salary range for this role is $145K - $165K per year. This range is only applicable for jobs to be performed in Jersey City, New Jersey.
Base pay offered may vary depending on, but not limited to education, experience, skills, geographic location, travel requirements, sales or revenue-based metrics. This range may be modified in the future.
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What We Offer
AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.
AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.
AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.