AVP, Derivatives Accounting

Manager Of Derivatives Accounting

As Manager of Derivatives Accounting, you will be responsible for overseeing the GAAP and STAT accounting close, financial reporting, and financial analytics pertaining to the company's derivatives portfolio. The Manager of Derivatives Accounting will report to the Head of Derivatives Accounting. You will work closely with the company's third-party investment accounting service provider and asset managers to ensure the accuracy and completeness of underlying investment accounting records.

You will also work with the Reporting team to ensure appropriate GAAP and STAT reporting and disclosures, as well as with Finance to support the analysis and communication of investment results. You will manage the third-party investment accounting service provider to ensure a timely close, while providing oversight and development to junior staff. The ideal candidate is a self-starter with strong problem-solving and decision-making skills.

You are confident in the subject area and can take ownership in the identification and resolution of problems involving multiple parties.

• Serve as a subject matter expert on accounting and reporting for derivatives
• Oversee and perform the monthly accounting close over derivatives
• Perform balance sheet and income statement attribution and variance analysis
• Manage relationship with third-party accounting vendor to properly account for derivatives
• Compile and/or review footnotes and schedules for U.S. GAAP and Statutory financial statements
• Collaborate with Investment Front Office on new derivative strategies or investment managers
• Evaluate investment results and prepare and communicate analytics package to finance leaders
• Research accounting and reporting guidance on new derivative strategies or instruments
• Identify manual journal entries needed for accurate financial results; prepare and review manual journal entries
• Consult with Investment Management, Third-Party Asset Managers, and Cedants
• Execute key internal financial controls to ensure accurate investment accounting results
• Assist and develop junior staff on daily, monthly, and quarterly tasks
• Provide reporting and supplemental information to reinsurance cedants
• Support an environment of continuous improvement

Beyond experience, the right candidate will demonstrate the following leadership competencies and personal characteristics as the Manager of Investment Accounting at Resolution Life

• Bachelor's degree in Accounting or Finance required
• Certified Public Accountant preferred
• 6-10+ years of experience with 4+ years of derivatives accounting and/or insurance industry experience required
• Expertise in US GAAP and Statutory Accounting Principles
• Experience with Clearwater Analytics or Third-Party Investment Accounting model preferred
• Strong research, verbal and written communication skills are essential to effectively and clearly communicate technical issues in a pragmatic way to others including senior leadership
• Confidence, credibility and character to liaise across corporate functions; ability to develop and maintain strong working relationships with colleagues both within Resolution Life and throughout the industry
• Demonstrated leadership skills and ability to develop, coach and train others in an organizational setting
• Sense of urgency and high degree of flexibility - ability to conform to shifting priorities, demands and timelines, making adjustments accordingly and execute tasks in support of corporate objectives
• Strong focus on stakeholder satisfaction and consistently works to provide a high level of service
• Ability to act independently in identifying problems while exhibiting judgement and a realistic understanding of issues and interdependencies
• Strong problem solving and decision-making skills
• High level of interpersonal skills, integrity and ethics
• Self-starter with a collaborative approach who values and encourages teamwork
• Proficiency with Microsoft Office software

At Resolution Life, we have identified the following critical skills which are key to success in our culture:

• Customer Focused:
  Passionate drive to delight our customers and offer…