Derivative Investment Accountant

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

Basic Qualifications:
  • 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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Accenture

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