Director, Investment Accounting Job at Aspida Financial Services LLC in Durham

Company Description:

Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $16.6 billion as of June 30, 2024. Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspida.com or follow them on LinkedIn, Facebook.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

The Director of Investment Accounting will be responsible for leading a team that manages investment closing, accounting, analysis, and financial reporting for investment results in multiple regulatory jurisdictions. This role will also provide accounting guidance to investment managers for complex and emerging issues and create processes or procedures for our investment accounting platform. In addition to monthly close activities, the Director of Investment Accounting will be responsible for ensuring a strong internal control environment and regulatory reporting functions are effective and accurate. This role reports to the Controller and is required to be onsite 3 days a week at our Durham, NC headquarters.

What You Will Do:

• Manage a team of professionals and lead the oversight of our collaboration with our investment manager.
• Supervise investment accounting and reporting at the group level for multiple insurance companies in various regulatory jurisdictions. Create monthly/quarterly closing schedule and ensure all tasks are completed timely and appropriately.
• Play a key role in the Company’s financial reporting process including the preparation of the quarterly report and annual audited financial statements.
• Oversee day-to-day activities for investment accounting team by recruiting, coaching, and training of stuff accountants.
• Work closely with our affiliated asset manager to align investment accounting strategies and practices.
• Lead investment accounting system integration/implementation to our investment accounting platform for newly acquired insurance entities or asset classes.
• Research and provide accounting reporting guidance to investment managers for complex and emerging issues, such as GAAP/STAT and state/Bermuda regulations including structured and private assets.
• Respond to regulatory review letters/exams/audit requests by coordinating with investment
  operations and financial reporting.
• Manage custody bank and front office/external investment manager relationships.
• Other ad hoc assignments from group CEO/CFO/CIO etc.

What We Provide:

• Salaried, DOE
• Full-Time
• Full Benefits Package Available

What We Believe:

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

What We Require:

• Bachelor’s degree in accounting and a minimum of 10 years’ investment accounting experience and 3 years’ team management experience.
• Knowledge of generally accepted accounting principles (GAAP), statutory accounting theory and practice and reinsurance related experiences.
• Effective Analytical, problem solving and organizational skills.
• Strong Interpersonal skills.
• Proficiency in Microsoft Word, Excel and Access applications, Clearwater, or other similar investment accounting systems.
• Clear and concise verbal and written communication skills.