VP, Alternative Investments Accounting

Job description

As part of the application process, a candidate account is required to log in and view application(s). Please be sure to check email regularly for information regarding our employment process. As VP of Alternatives Investment Accounting, you will be responsible for setting the strategic direction and governance framework for overseeing the GAAP and STAT accounting close, financial reporting, and financial analytics pertaining to the company’s alternative investment portfolio, including investment funds and mortgage loan portfolio. The Director of Alternatives Investment Accounting will report to the Head of Investment Accounting. You will serve as the accountable owner for the integrity of accounting and reporting outcomes and work closely with the company’s third-party investment accounting service provider and asset managers to ensure the accuracy and completeness of underlying investment accounting records. You will also work with the Reporting team to ensure appropriate GAAP and STAT reporting and disclosures, as well as with Finance to support the analysis and communication of investment results. You will provide strategic oversight of and hold accountable the third-party investment accounting service provider to ensure a timely and accurate close, while leading, mentoring, and setting performance expectations for 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 end-to-end ownership for the identification and resolution of complex problems involving multiple parties and senior stakeholders. Duties And Responsibilities Serve as a recognized enterprise-wide subject matter expert on accounting and reporting for complex alternative investments, including investment funds and mortgage loans 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 to ensure alignment with economic performance 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 where appropriate 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 on daily, monthly, and quarterly tasks 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 Qualifications Beyond experience, the right candidate will demonstrate the following leadership competencies and personal characteristics as the Director of Investment Accounting at Resolution Life: 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 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 Resolution Life and throughout the industry Demonstrated leadership skills and ability to develop, coach and train others in an organizational setting while influencing outcomes across functions without direct authority 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 objectives Strong focus on stakeholder satisfaction and consistently works to provide a high level of service while balancing control, governance, and scalability considerations 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 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. Location: West Chester, PA, New York, NY. (Hybrid - 3 days per week in the office), 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 - $159,000- $204,000 · New York, NY: $173,000- $223,000 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.