Director of Derivative Accounting

Talcott Financial Group
* is an international life insurance company committed to providing comprehensive risk solutions to its customers. Whether it’s providing peace of mind for policyholders approaching retirement, or helping insurers solve complex risk and capital challenges, Talcott delivers practical solutions that support long‑term stability for policyholders and clients.

Talcott offers the strength of an established organization with the mindset and approach of a modern platform. The enterprise is supported by a proven track record of well‑executed transactions, investment‑grade financial strength ratings, and strong financial position, with over $136 billion in assets under management. Talcott also benefits from a strategic partnership with Sixth Street, a leading global investment firm managing over $135 billion in assets.

Talcott’s approach to business is disciplined, transparent, and multi‑channel, spanning retail annuities, block and flow reinsurance, and legal entity acquisitions. We have offices in Bermuda, the Cayman Islands, Connecticut, New York, and North Carolina.

Reporting to the Head of Investment Accounting & Reporting Director, the Director of Derivative Accounting is responsible for leading the accounting, reporting, and analysis of the Company's derivative portfolio. The role oversees compliance with U.S. GAAP, U.S. STAT, and RSTAT reporting requirements, with BSTAT knowledge considered a strong asset. In addition, the Director is responsible for the review of all investment‑related schedules, supporting exhibits, and note disclosures included in quarterly and annual U.S. statutory filings, ensuring accuracy, completeness, and compliance with regulatory requirements.

Experience with Clearwater Analytics and Oracle is preferred.

• Lead accounting and reporting for complex derivative instruments, including swaps, options, futures, structured products, and foreign exchange contracts.
• Ensure compliance with U.S. GAAP, U.S. STAT, RSTAT, and applicable regulatory reporting requirements.
• Review derivative valuations, reconciliations, journal entries, disclosures, and financial statement reporting.
• Review and approve all investment‑related schedules, exhibits, and note disclosures included in quarterly and annual U.S. STAT filings.
• Perform analytical review of statutory investment reporting and disclosures to ensure consistency, accuracy, and compliance with NAIC reporting requirements.
• Support BSTAT reporting and disclosures, where applicable.
• Prepare and present investment and derivative analytics to senior management, including portfolio performance, income trends, and risk exposures.
• Develop management reporting and dashboards to support strategic decision‑making.
• Partner with Investment, Treasury, Actuarial, Risk, and Finance teams on significant transactions and reporting matters.
• Drive process improvements, automation initiatives, and enhancement of reporting controls.

• CPA designation required.
• Bachelor's degree in Accounting, Finance, or related field.
• 7+ years of progressive experience in derivative accounting, hedge accounting, investment accounting, or financial reporting.
• Minimum 3 to 5 years of hands‑on experience accounting for complex derivative instruments, including interest rate swaps, credit default swaps, total return swaps, options, futures, foreign currency derivatives, and structured products.
• Extensive experience applying ASC 815 (Derivatives and Hedging) and ASC 820 (Fair Value Measurement).
• Strong experience with U.S. GAAP and U.S. STAT reporting for derivative portfolios.
• Experience reviewing derivative valuations, collateral activity, effectiveness assessments, disclosures, and regulatory filings.
• Working…