Assistant Vice President, Investment Accounting

Fortitude Re•Nashville, TN

22h•Hybrid

About The Position

The AVP, Investment Accounting Manager manages the day-to-day work of the investment accounting team and Fortitude Re’s investment accounting platform, including month-end and quarter-end close and reporting for the company’s complex investment portfolio. The role analyzes investment results and communicates findings to senior management across GAAP, US STAT, Bermuda STAT, and management reporting bases. It manages analysis of net investment income, realized gains and losses, investment yields, and balances by asset class, and supports Capital teams with investment results and reporting requirements. The position supports the investment accounting internal control environment under Sarbanes-Oxley and the NAIC Model Audit Rule. It also manages and reviews general ledger activity, reconciliations, audit support, and ad hoc projects as the company acquires additional blocks of business. The role reports to the Vice President of Investment Accounting. Responsibilities include onboarding new portfolios to the investment accounting platform and developing related reporting; building reporting processes and controls; preparing and assisting with financial disclosures, reports, and audit materials; analyzing yields and performance metrics; performing valuation and reconciliation controls; automating investment reporting and manual processes; supporting accounting-guideline impact assessments; developing analytical tools; collaborating with investment teams and managers; and leading and developing the investment accounting team.

Requirements

Bachelor’s or graduate degree in Accounting or Finance.
CPA or equivalent accounting certification.
At least 7 years of accounting experience.
At least 3 years of investment accounting experience in insurance or reinsurance, with Big Four background.
Investment reporting experience.
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 STAT 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 with Microsoft Office products, especially Microsoft Excel.
Ability to build and maintain working relationships with internal and external asset managers and colleagues in accounting, compliance, actuarial, management, and systems, from junior staff to executive level.

Nice To Haves

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

Responsibilities

Onboard and integrate new investment portfolios into Fortitude Re’s investment accounting platform, including developing reporting for new portfolios.
Build financial reporting processes and controls for investment reporting under GAAP, US STAT, and Bermuda statutory frameworks.
Manage and assist with quarterly and annual footnotes, MD&A, statutory investment exhibits, debt covenant reporting, and valuation and audit committee reports.
Complete investment yield analysis and establish related performance metrics.
Assist with quarterly earnings reports and annual audited financial statements, including footnotes and rating agency reporting.
Perform quarterly investment valuation and reconciliation controls to support the internal control environment.
Create interactive, automated investment reporting and automate manual processes and controls.
Facilitate external audits, related testing, and completion of audit work papers.
Review and compile investment data, including posting general ledger entries for investment activity under GAAP and STAT accounting.
Support assessments of emerging FASB and NAIC investment accounting guidelines for strategic decision-making and compliance oversight.
Develop and maintain analytical tools to monitor results and trends and support efficient, controlled reporting and accounting.
Partner with front-office investment teams and investment managers to define investment reporting for new transactions and accounting policy changes.
Build and lead a high-performing team, providing mentorship and guidance.
Manage investment accounting close and reporting, analyze investment results, and communicate results to senior management.
Support Capital teams with investment results and reporting requirements.
Manage and review general ledger activity, reconciliations, audit support, and ad hoc projects.