Investment Accountant

At Martello Re, we are building a distinctive reinsurance offering grounded in exceptional client service, innovative solutions, and advanced data analytics. We are committed to attracting top talent and empowering individuals to make meaningful contributions while advancing their careers. Our dynamic, high-energy environment fosters collaboration and encourages bold thinking at all levels. At the same time, we maintain a steadfast focus on long-term financial strength to serve the best interests of our cedants and their policyholders.

The Investment Accountant is responsible for the preparation, analysis, and reporting of investment activity in accordance with US GAAP and Bermuda regulatory requirements. The role covers a portfolio that includes directly held assets, funds withheld and modified coinsurance arrangements, and alternative investments. Responsibilities include investment-related journal entries, reconciliations, financial reporting, and the execution of internal controls, as well as working closely with external asset managers and internal stakeholders across Actuarial, Investments, and Finance.

Key Duties and Responsibilities

• Prepare and analyze monthly journal entries to record investment activity for management and quarterly board reporting (US GAAP and Bermuda regulatory).
• Account for investment activity on funds withheld and modified coinsurance portfolios, including reconciling cedant-reported asset and investment income data to the investment accounting system and general ledger, and supporting measurement of the related embedded derivatives.
• Account for limited partnerships, funds, and other alternative investments, including equity method accounting, capital calls and distributions, and reconciliation of manager statements.
• Review external asset manager reporting, holdings, and fee calculations, and serve as a point of contact for resolving accounting and data issues.
• Monitor accounts, ledgers, and reporting systems to ensure the integrity of postings and reconciliations across investment, transaction, treasury, and expense activity.
• Ensure timely completion of monthly and quarterly close processes and reconciliations to meet internal and external reporting deadlines.
• Prepare investment accounting notes and disclosures for management and external reporting.
• Assist in the development and enhancement of reporting tools, including analysis and reconciliation of investment accounting data.
• Execute and maintain documented controls over investment accounting processes, including control narratives, evidence, and support for internal and external audit testing.
• Prepare supporting documentation, schedules, and reports for year-end financial statements and external audit requests.
• Collaborate regularly with stakeholders across the organization, including Actuarial, Investments, Corporate Accounting, and Strategic Initiatives.
• Other duties as assigned.

Required Education and Experience

• Bachelor’s degree in finance, accounting, or a related field.
• Internationally recognized professional accounting designation (e.g., CA, ACCA, CPA).
• 3+ years of post-qualified accounting or investment accounting experience.
• Demonstrated experience with US GAAP investment accounting across a range of asset classes, including core fixed income, structured products, private assets, and alternatives.
• Experience with funds withheld, modified coinsurance, or coinsurance treaty structures is a strong plus, particularly from the assuming reinsurer side.
• Exposure to NAIC statutory accounting, including SSAPs and Schedule D, is a plus.
• Familiarity with BMA regulatory reporting, including BSCR.
• Strong attention to detail with a focus on continuous improvement in the efficiency and reliability of the monthly and quarterly…