Posted:
9/5/2024, 6:04:03 AM
Location(s):
Tennessee, United States ⋅ Louisville, Tennessee, United States
Experience Level(s):
Mid Level ⋅ Senior
Field(s):
Accounting
The Derivative Investment Accountant is part of the Investment group which is responsible for the accounting and reporting for the client's Invested Assets comprised of fixed maturity securities, alternative investments, residential loans, equity securities, hedge funds, and various types of derivatives.
The team's specific responsibilities include reconciliation of transactional data from various sub ledgers to the general ledger and ultimately the client's financial statements, as well as all related external reporting for investments (10-Q/K, Financial Supplement, STAT Audited Financials and Investment NAIC reporting). The team is also responsible for the implementation of new GAAP and STAT accounting standards as it relates to investments, establishing the accounting for new transactions or new investment types and management of the risks, controls and client audit as it relates to investments and Investment FP&A.
Key Responsibilities:
Prepare issued debt journal entries and financial schedules for US GAAP and STAT
Assist Director with preparation of US GAAP and statutory hedge accounting packages
Prepare quarter end derivative elimination and consolidation journal entries
Prepare accounting reconciliations and administer derivative financial controls program
Prepare and reconcile various financial statement disclosures
Provide analytical support, including management reporting, for senior management
Prepare certain recurring journal entries as part of monthly and quarterly close
Execute recurring data validations and checks
Manage data governance process for Invested Assets
Cross train with other team members within Investment Accounting and provide support as deemed necessary
Liaise with Operations, Treasury and other teams within Client
Ensure compliance with relevant policies and procedures for derivative accounting
A minimum of 3 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, CPA or CFA is preferred
5+ years of experience in accounting and/or finance in Financial Services industry with 3+ years of experience working with ASC 815
Solid practical knowledge of derivative products/markets. In addition, knowledge of other investment products is preferred
Experience with application of US GAAP hedge accounting is preferred
Experience with STAT accounting is preferred
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
Strong controllership mindset or financial reporting role at a public company; insurance sector experience a plus, audit background is preferred
Computer proficiency with a strong working knowledge of Microsoft Office
Professional Skills:
Innovative, improvement mindset
Clear/critical thinking, excellent written/verbal communication skills
Ability to work effectively in a cross-functional team
Ability to balance multiple projects at once, to prioritize appropriately, and to approach the work with a sense of urgency and strong attention to detail to produce high quality results in a time sensitive environment
High level of motivation and initiative, ability to work independently, including strong organizational and management skills
Strong analytical and problem-solving skills
Ability to manage a broad range of stakeholders
Compensation at Accenture varies depending on a wide array of factors, which may include but are not limited to the specific office location, role, skill set, and level of experience. As required by local law, Accenture provides a reasonable range of compensation for roles that may be hired in California, Colorado, District of Columbia, Maryland, New York or Washington as set forth below.
The application window for this job will remain open until at least 09/12/2024. However, if this date has passed, please note we are still accepting applications.
Information on benefits is here.
Role Location Annual Salary Range
California $73,000 to $168,600
Colorado $73,000 to $145,700
District of Columbia $77,700 to $155,100
New York $67,600 to $168,600
Maryland $67,600 to $134,900
Washington $77,700 to $155,100
About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with 750,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com
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Website: https://accenture.com/
Headquarter Location: Dublin, Dublin, Ireland
Employee Count: 10001+
Year Founded: 1989
IPO Status: Public
Last Funding Type: Grant
Industries: Business Information Systems ⋅ Construction ⋅ Consulting ⋅ Information Services ⋅ Information Technology ⋅ Infrastructure ⋅ Management Consulting ⋅ Outsourcing