Investment Finance Analyst

Posted:
3/5/2024, 4:00:00 PM

Location(s):
Zionsville, Indiana, United States ⋅ Indiana, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Group One Thousand One (“Group1001”), a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets, employees.

Group1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Job Summary:

As an Investment Finance Analyst, you are responsible for various financial activities and interface regularly with investment accounting, financial planning & analysis, investment operations, financial reporting, investment management and actuarial. as well as external industry contacts.  Your key responsibilities include administration of internal pricing models, internal control documentation and procedures in the monthly investment valuation process, analysis of investment results in conjunction with investment accounting and the financial planning and analysis teams in the monthly closing, annual planning and periodic reforecast processes, support of investment related periodic financial reporting—including regulatory and to rating agencies, research of accounting treatment for investment holdings under various accounting standards, principally Statutory Accounting Principles..  You possess strong quantitative and technical skills and have a passion for fixed income securities, accounting, operations, and streamlining processes. Concise writing and communication skills are very important. This position is hybrid based in greater Indianapolis (Zionsville).

Main Accountabilities:

  • Administer and review results of internal investment valuation model process in accordance with established internal control environment.

  • Master concepts related to income recognition for various, principally fixed income, investment classes and consult with business partners in production of reporting to support analysis and communication of actual and planned investment income results.

  • Assist Investment Accounting, Financial Reporting, Actuarial and Financial Planning and Analysis teams with the accurate and timely reporting on the composition of the Investment Portfolio to various internal and external parties, including management, regulators, rating agencies and auditors.

  • Participate with team to research and prepare technical accounting memos identifying investment types, application of appropriate investment accounting rules, and coordinates with Investment Accounting on application.

  • Evaluates efficiency and effectiveness of processes and controls, make recommendations for continuous process improvement and participates with implementation.  Maintain and update policy and procedure documentation for streamlined processes.

  • Assist on key initiatives and projects and effectively collaborate with stakeholders across multiple departments to ensure that project deliverables are met.

Qualifications:

  • Bachelor’s degree in accounting/finance

  • CPA or CPA eligible preferred

  • 1+ years of experience in an accounting role, preferably public accounting experience

  • Experience in the insurance industry, especially with Statutory Accounting Principles a plus

  • Experience with Investment Accounting or Investment Management systems a plus

  • Working knowledge of fixed income investments and derivative instruments a major plus

  • Advanced working knowledge of computer applications, including MS Word, Excel and Outlook

  • Strong quantitative and technical skills.

  • Ownership and accountability for deliverables.

  • Problem solving mentality.

  • Ability to multi-task and execute under pressure.

  • Excellent communication and organizational skills.

  • Continuous process improvement mentality.

  • Willingness to learn.

  • Results and detail oriented.

  • Internally driven and self-motivated.

  • Intellectual curiosity, forward-thinking.

Compensation:  
Our compensation reflects the cost of labor across several U.S. geographic markets. The base pay for this position ranges from $46,500/year in our lowest geographic market up to $70,000/year in our highest geographic market.  Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience. 
 
Benefits Highlights:  
Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options, enroll for Basic and Supplemental Life Insurance, Short and Long-Term Disability, as well as other wellness initiatives.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. Employees (and their families) are eligible to participate in the Company’s Employee Assistance Program.