AVP, Entity Controller

AVP, Entity Controller

We are searching for an experienced AVP, Entity Controller at our Connecticut office.

AVP, Entity Controller

Full Time

Norwalk, CT

About the Company:

Wilton Re is an industry leader in the life (re) insurance space, specializing in the acquisition of in force life insurance and annuities. We are experienced industry specialists focused on the risk, capital and operational needs of our clients' businesses. We provide our clients with the services they need from in force transactions and product development to underwriting and new business strategies.

Wilton Re has the resources and expertise to pursue and successfully manage the largest life and annuity transactions in the market.

Position Summary:

The Entity Controller is ultimately responsible for the books and records of a block or blocks of business within a Wilton Re entity. The Entity Controller has responsibility for the preparation of journal entries, reconciliations for monthly and quarterly activity, and perform various tasks to support the quarterly and annual close. Additionally, the Entity Controller is responsible for documenting, monitoring and enhancing certain relevant internal controls for SOX compliance.

The Entity Controller will also prepare work papers and assist in the preparation of financial statements and footnotes in accordance with both U.S. Statutory and US GAAP. This includes performing financial statement analytics and explaining results to management for use with the Board, auditors, and regulators.

Role Responsibilities:

Manage most aspects of quarterly close process related to the responsible block of business, both U.S. Statutory and U.S. GAAP, including:

Preparation of journal entries

U.S. Statutory

Corporate

U.S. GAAP adjustments to U.S. Statutory accounting

Ad hoc

Performance of Balance Sheet reconciliations and various other internal control work, including resolution of discrepancies noted in performance of controls

Analysis and preparation of actual results, quarterly trend analyses, and communication of results to the Controller and other senior management

Perform investment trust analysis and reporting to external parties

Continuous process improvements, including identification and implementation of opportunities for process and control enhancements

Cross-functional engagement across various departments within Wilton Re (e.g., Operations, Legal, Tax, Investments, Valuation, Business Development, etc.), as well as with various Third-Party Administrators and vendors, as needed

Responsible for the preparation and related filing of:

Quarterly and Annual U.S. Statutory Statements (Bluebook)

Annual U.S. Statutory Audited Financial Statements

Various state and client reporting

Assist with the preparation of Consolidated U.S. GAAP Financial Statements, and coordination of the annual internal and external audits

Participate in the DOI examinations, as needed

Perform other related duties as required, based on the changing goals and objectives of the department and organization

Assist with onboarding new deals, developing the accounting models and approach and documenting the accounting and reporting methodologies applied for both U.S. Statutory and U.S. GAAP.

Assist in designing and implementing the internal and external reporting requirements associated with reinsurance side-car investment vehicles.

Work through non-controlling interest calculations and reporting in support of reinsurance side-car investment vehicles.

Basic Qualifications:

Minimum 8 years of relevant experience in accounting

Experience in onboarding reinsurance side-car investment vehicles

Big 4 public accounting experience or combination of public and private experience

Strong technical knowledge of U.S. GAAP and U.S. Statutory accounting principles, including consolidation

Life insurance or Reinsurance experience, including statutory Bluebook reporting

Strong interpersonal and communication skills

Self-starter with strong analytical capabilities and good organization and project management skills

Motivated with ability to take initiative and manage competing priorities while consistently hitting deadlines

Proficiency in Microsoft Office Suite,…