Director, Investment Accounting Policy

Sammons Financial Group•Sioux Falls, SD

About The Position

What You Can Expect In This Role Monitor new accounting guidance applicable to all types of investments. Research, identify and communicate potential impacts to the organization; lead or participate in any required implementation. Interpret, apply and document accounting guidance applicable to investment transactions. What You'll Do In This Role • Perform technical accounting research and provide interpretation of ambiguous and complex accounting literature to address technical accounting questions. • Monitor new Generally Accepted Accounting Principles (GAAP) and statutory accounting standards and regulatory developments, and collaborate with business partners to determine the potential impact to the organization; advocate for the Company through participation in industry groups. • Effectively communicate accounting policies, positions and new guidance so that business partners with different levels of expertise can understand relevant implications. • Draft new accounting policies and position papers relevant to the Company’s capital markets activities and investment transactions. • Own and maintain existing accounting and valuation policies covering all types of investments. • Gain proficiency in investment accounting system and investment accounting processes to assist Investment Accounting in implementing solutions and applying changes that result from new accounting guidance or unique transactions. • Work with external auditors on accounting policies, implementation of new guidance and accounting for complex or unique transactions. • Partner with Sammons Financial Group Asset Management (SFGAM) and external investment managers to understand and structure new investment strategies and to ensure proper accounting, reporting and capital treatment. • Review investment related deal documents and legal agreements for accounting and reporting implications and document considerations and conclusions. • Provide accounting policy and reporting expertise in identifying and drafting financial statement disclosures regarding new guidance or new transactions. • Drive and reinforce commitment to internal controls processes such as those under Model Audit Rule and Record Information Management. • Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity). • As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands. • Participate in other initiatives and/or projects as necessary.

Requirements

Bachelor's Degree in Accounting Preferred
Minimum 10 years' accounting experience Preferred
Minimum 5 years' experience in insurance accounting (e.g. GAAP and SAP) Preferred
Knowledge of investment structures and accounting Preferred
Extensive knowledge of GAAP and statutory accounting
Demonstrated leadership through developing, coaching and mentoring others within and beyond team
High degree of analytical and critical thinking skills
Ability to collaborate with individuals at various levels across the company
Strong oral and written communication skills with the demonstrated ability to effectively communicate to various levels across the organization
High degree of professionalism, motivation and intellectual curiosity
Extensive understanding of the general ledger, financial reporting system and investment accounting system
Proficient in Microsoft Excel

Responsibilities

Perform technical accounting research and provide interpretation of ambiguous and complex accounting literature to address technical accounting questions.
Monitor new Generally Accepted Accounting Principles (GAAP) and statutory accounting standards and regulatory developments, and collaborate with business partners to determine the potential impact to the organization; advocate for the Company through participation in industry groups.
Effectively communicate accounting policies, positions and new guidance so that business partners with different levels of expertise can understand relevant implications.
Draft new accounting policies and position papers relevant to the Company’s capital markets activities and investment transactions.
Own and maintain existing accounting and valuation policies covering all types of investments.
Gain proficiency in investment accounting system and investment accounting processes to assist Investment Accounting in implementing solutions and applying changes that result from new accounting guidance or unique transactions.
Work with external auditors on accounting policies, implementation of new guidance and accounting for complex or unique transactions.
Partner with Sammons Financial Group Asset Management (SFGAM) and external investment managers to understand and structure new investment strategies and to ensure proper accounting, reporting and capital treatment.
Review investment related deal documents and legal agreements for accounting and reporting implications and document considerations and conclusions.
Provide accounting policy and reporting expertise in identifying and drafting financial statement disclosures regarding new guidance or new transactions.
Drive and reinforce commitment to internal controls processes such as those under Model Audit Rule and Record Information Management.
Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
Participate in other initiatives and/or projects as necessary.

Benefits

Sammons Financial Group offers a competitive benefit package that includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
Our Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.

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