Assistant Vice President, Investment Accounting

Fortitude Re•Nashville, TN

1d•$145,000 - $165,000•Hybrid

About The Position

The Assistant Vice President, Investment Accounting Manager manages the day-to-day investment accounting team and Fortitude Re’s investment accounting platform. The role oversees month-end and quarter-end close, investment accounting, and reporting for the company’s complex investment portfolio. It includes detailed analysis of investment results under GAAP, U.S. Statutory, Bermuda Statutory, and management reporting bases, including net investment income, realized gains and losses, investment yields, and investment balances by asset class. The position also supports Capital teams and the investment accounting internal control environment under Sarbanes-Oxley and the NAIC Model Audit Rule. The AVP manages and reviews general ledger activity, reconciliations, audit support, and ad hoc projects as the company acquires additional blocks of business. The role supports portfolio onboarding and integration, financial reporting and controls, valuation and reconciliation controls, reporting automation, regulatory and accounting guidance assessments, and effective collaboration with investment teams and managers. The position reports to the Vice President of Investment Accounting and leads and develops a high-performing investment accounting team.

Requirements

Bachelor’s or graduate degree in Accounting or Finance, with a CPA or equivalent accounting certification.
At least 7 years of accounting experience.
At least 3 years of investment accounting experience with an insurance or reinsurance company and Big Four background.
Investment reporting experience and public-company SOX controls experience.
Experience managing and developing a team of investment accounting professionals.
Strong analytical and project management skills.
Ability to apply U.S. GAAP and Statutory investment accounting principles and reporting.
Ability to deliver on multiple simultaneous projects with tight deadlines.
Clear and concise written and verbal communication skills.
Ability to review forecasts and trends and identify potential issues and opportunities.
Proficiency in Microsoft Office, particularly Microsoft Excel.
Ability to build and maintain working relationships with internal and external asset managers, accounting, compliance, actuarial, management, and systems personnel, from junior staff to executive level.

Nice To Haves

Experience with Life, Annuities, and Property & Casualty lines of business.
Experience with the Clearwater investment accounting platform.

Responsibilities

Manage the day-to-day investment accounting team and Fortitude Re’s investment accounting platform for month-end and quarter-end close and investment accounting and reporting.
Analyze investment results under GAAP, U.S. Statutory, Bermuda Statutory, and management reporting bases, including net investment income, realized gains and losses, investment yields, and investment balances by asset class.
Support Capital teams with investment results and reporting requirements.
Support the investment accounting internal control environment under Sarbanes-Oxley and the NAIC Model Audit Rule.
Manage and review general ledger activity, reconciliations, audit support, and ad hoc projects related to new business acquisitions.
Onboard and integrate new investment portfolios into the investment accounting platform, including developing related reporting.
Build financial reporting processes and controls for GAAP, U.S. Statutory, and Bermuda Statutory requirements.
Manage and assist with quarterly and annual footnotes, MD&A, statutory investment exhibits, debt reporting covenants, and valuation committee and audit committee reports.
Complete investment yield analysis and establish related performance metrics.
Assist with quarterly earnings reports, annual audited financial statements and footnotes, and rating agency reporting.
Perform quarterly investment valuation and reconciliation controls.
Create interactive, automated investment reporting and automate manual processes and controls.
Facilitate external audits and related testing, and complete audit work papers.
Review and compile investment data, including posting general ledger entries for investment activity under GAAP and Statutory accounting.
Assess the impact of emerging FASB and NAIC investment accounting guidelines to support strategic decisions and compliance oversight.
Develop and maintain analytical tools to monitor results and trends and support an efficient, controlled reporting and accounting environment.
Partner with front-office investment teams and investment managers to define reporting for new transactions and accounting policy changes.
Build and lead a high-performing team, providing mentorship and guidance.