The Investment Accounting Manager will be responsible for managing all aspects investment accounting for the multiple legal entities comprising of PURE Group of Insurance Companies, including recording activity, reconciliation, and analysis. The position will report to the Assistant Controller.
This is a hybrid role with the expectation for the ideal candidate to be able to commute to an office in one of our desired locations: White Plains, Chicago, or Boston, at least twice a week.*
*If reporting to an office outside of White Plains, there will be potential business travel to the White Plains, NY office expected on a regular basis to be determined with the hiring manager.
What you’ll do.
Manage the monthly investment accounting close- interact with third-party administrator to coordinate the process and ensure data integrity and timeliness.
Record all monthly investment activity on a GAAP, Statutory and IFRS accounting basis.
Record all monthly limited partnership investment activity; maintain roll-forwards and reconcile to third party records.
Perform monthly reconciliation of third-party administrator Holding Reports and Income Earned to the general ledger on each basis of accounting for multiple legal entities.
Perform timely monitoring and reconciliation of all investment accounts to the custodial and/or third-party administrator records including communication with third party vendors to clarify and resolve discrepancies.
Assist with the performance of quarterly pricing validation.
Prepare investment expense accruals and quarterly analysis of investment expenses.
Prepare quarterly and year-end investment statutory reporting and footnote disclosures for multiple legal entities.
Compile info for RBC calculations, Supplemental Investment Risk Interrogatories, Management's Discussion and Analysis, supplemental investments filings for various states and other statutory reporting requirements.
Prepare quarterly and year-end investment footnote disclosures for Consolidated Group Reporting.
Maintains a thorough understanding of the general ledger structure.
Monitors and analyzes own work to develop more efficient procedures while maintaining a high level of accuracy.
Assist with responses to external auditors’ data requests and questions.
Assist with coordination with internal auditors on SOX compliance and internal control testing.
Respond to various ad-hoc requests and work on special projects as needed.
What we’re looking for.
Bachelor’s degree in accounting, finance, or related field required.
CPA preferred. Public accounting experience preferred.
4 or more years of prior accounting experience in the financial reporting area.
Strong oral and written communication skills, expected to communicate with internal and external stakeholders, including other departments, external and internal auditors. Ability to articulate technical concepts in clear and concise manner.
Ability to accurately research and follow through on complex problem-solving items, as well as initiate resolutions.
Prior experience operating within a SOX 404/JSOX control environment is a plus.
Excellent organizational skills with the ability to manage, prioritize, and effectively meet deadlines working on multiple assignments simultaneously.
A commitment to continuous operational improvement.
Highest level of integrity and honesty.
Highly proficient knowledge of Microsoft Office products.
The base salary for this role can range from $110K - $150K, based on a full-time work schedule. An individual’s ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.