Accountant, Regulatory Reporting (Charlotte, NC (Hybrid) or Remote)

Brighthouse Financial • Charlotte, NC

9d • $80,000 - $87,000 • Hybrid

About The Position

As an Accountant in Regulatory Reporting, you will be responsible for supporting the Derivative accounting team and associated reporting for Brighthouse Financial’s investments in derivative instruments. The company uses derivatives to manage its exposures to changes in interest rates, foreign currency exchange rates, equity markets and credit risk across its diverse investment portfolio as well as hedging liabilities. Some of these derivatives are designated as qualifying hedges for GAAP and STAT and have special documentation and accounting requirements.

Requirements

• Bachelor’s degree in accounting, or finance.
• 2+ years of accounting experience in a public or private company environment is preferred.
• Working knowledge in GAAP or Statutory accounting and reporting is preferred.
• Previous experience working with derivatives is a plus.
• Organizational skills and ability to track various issues at one time.
• Excellent verbal and written communication skills.
• Proficiency in Microsoft Office (Excel, Word, and Access) required.
• Experience with SQL is a plus.

Responsibilities

• Prepare derivatives disclosures in the 10-K, 10-Q, QFS, and stand-alone audited financial statements on a GAAP & Statutory basis.
• Support preparation of Statutory Blue Book investment derivative schedules.
• Assist with preparing journal entries for derivative accounting.
• Assist management in monthly review of reconciliations provided by vendor.
• Assist management in implementation of new accounting pronouncements impacting derivatives.
• Support management’s initiative to expand or implement accounting for new derivative strategies.
• On-going tracking of hedged items for derivative accounting.
• Preparing documentation of processes and controls associated with the hedge accounting program.
• Analyze and validate data from internal and external sources.
• Develop accurate and timely ad hoc reports.
• Analyze business critical data and recommend improvements.
• Maintain accurate, meaningful and updated technical and non-technical documentation pertaining to all aspects of responsibilities.
• Respond to questions from external and internal auditors, front office and financial reporting teams regarding qualifying derivatives, documentation & testing.
• Perform other responsibilities as required.

Benefits

• Base salary ranging from $80,000.00 to $87,000.00 plus competitive performance-based incentives determined by company and individual results.
• Work remotely or in the office to better thrive in all areas of life.
• Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
• Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%), annual company nondiscretionary contribution (3%), and financial counseling services.
• Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
• Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
• Gain access to company-paid basic life insurance and short-term disability insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level