Accenture
Investment Accounting Associate Manager
Accenture, Boston, Massachusetts, us, 02298
The Investment Accounting Manager is responsible for the accounting and reporting of a large global insurance company's invested assets. These assets total over $330 billion and are comprised primarily of fixed maturity securities and includes private equity, hedge funds, commercial/residential loans and equity securities. The Investment Accounting group's specific responsibilities include reconciliation of transactional data from various sub-ledgers (Clearwater, Investran, and LMS) to the general ledger and ultimately the company's financial statements as well as all related external reporting for investments (10Q/K, Financial Supplement, STAT Audited Financials and Investment NAIC reporting). The team is also responsible for the implementation of new accounting systems as it relates to invested assets, implementation of new GAAP and STAT accounting standards as it relates to invested assets, establishing the accounting for new transactions or new investment types and management of the risks, controls and audit as it relates to investments and supporting Investment FP&A.
Key Responsibilities:
Execute and manage accounting processes related to the monthly and quarterly accounting close to ensure accuracy of client’s invested assets data. Prepare and review statement of cash flows for investments. Execute and manage preparation of certain Investment disclosures for 10Q/K and Financial Supplement. These include all Investment, Lending, Fair Value, VIE Footnotes and Investment MD&A. Lead and manage new initiatives for process improvements and systems implementation, in coordination with other areas of the department/organization. Prepare annual investment related NAIC/STAT reporting exhibits, schedules, and disclosures. Point of contact and support for the various business unit and corporate controllers. Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance/support that ensures the accounting results from these investments are accurately recorded in the company ledgers across multiple bases (GAAP and Insurance Statutory). Support management with ad-hoc analytical requests. Basic Qualifications:
Minimum of 5 years of experience in Investment Accounting and one or a combination of the following Insurance, Financial Services, and or Finance Accounting. Preferred Skills Qualifications:
Bachelor's degree with a major in a quantitative field e.g., Finance, Accounting, Math, Statistics advanced degree or CPA a plus. Experience in accounting and reporting for investments. Strong knowledge and experience of financial instruments, including fixed income and equity securities, loans, alternative investments, and more. Strong knowledge and experience of GAAP accounting pronouncements, US GAAP and US insurance statutory disclosure and reporting requirements for invested assets. Experience in controllership or financial reporting role at a public company; insurance sector experience a plus. Strong people team management skills experience required. Experience developing executive level presentation materials. Experience working with diverse cultures across US regions. Professional Skills Qualifications:
Comfort with uncertainty and fluidity, and can work in an agile manner. Strong written and oral communication skills. Superior organizational skills and ability to multitask with a variety of systems and processes to meet competing deadlines. Highly motivated, attention to details, strong quantitative and analytic skills. Strong analytical and critical problem-solving skills. Ability to manage a broad range of stakeholders. Self-starter, and a team player with ability to communicate with teams with various backgrounds.
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Execute and manage accounting processes related to the monthly and quarterly accounting close to ensure accuracy of client’s invested assets data. Prepare and review statement of cash flows for investments. Execute and manage preparation of certain Investment disclosures for 10Q/K and Financial Supplement. These include all Investment, Lending, Fair Value, VIE Footnotes and Investment MD&A. Lead and manage new initiatives for process improvements and systems implementation, in coordination with other areas of the department/organization. Prepare annual investment related NAIC/STAT reporting exhibits, schedules, and disclosures. Point of contact and support for the various business unit and corporate controllers. Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance/support that ensures the accounting results from these investments are accurately recorded in the company ledgers across multiple bases (GAAP and Insurance Statutory). Support management with ad-hoc analytical requests. Basic Qualifications:
Minimum of 5 years of experience in Investment Accounting and one or a combination of the following Insurance, Financial Services, and or Finance Accounting. Preferred Skills Qualifications:
Bachelor's degree with a major in a quantitative field e.g., Finance, Accounting, Math, Statistics advanced degree or CPA a plus. Experience in accounting and reporting for investments. Strong knowledge and experience of financial instruments, including fixed income and equity securities, loans, alternative investments, and more. Strong knowledge and experience of GAAP accounting pronouncements, US GAAP and US insurance statutory disclosure and reporting requirements for invested assets. Experience in controllership or financial reporting role at a public company; insurance sector experience a plus. Strong people team management skills experience required. Experience developing executive level presentation materials. Experience working with diverse cultures across US regions. Professional Skills Qualifications:
Comfort with uncertainty and fluidity, and can work in an agile manner. Strong written and oral communication skills. Superior organizational skills and ability to multitask with a variety of systems and processes to meet competing deadlines. Highly motivated, attention to details, strong quantitative and analytic skills. Strong analytical and critical problem-solving skills. Ability to manage a broad range of stakeholders. Self-starter, and a team player with ability to communicate with teams with various backgrounds.
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