Director, Investment Accounting Regulatory Reporting

Apollo Global Management•El Segundo, CA

47d

About The Position

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. Come to Apollo and join a community of extraordinary people who are committed to a culture of excellence and collaboration in everything that we do. We invest in our people for the long term and are committed to supporting their development at every stage of their career. Director Role The Director of Investment Accounting Regulatory Reporting ensures accurate statutory filings and sub-ledger systems, implements accounting changes, conducts technical research, actively participates in industry discussions, monitors regulatory developments, and directly interfaces with stakeholders to determine appropriate regulatory treatment for assets under management, while also managing securities filings with the NAIC's Securities Valuation Office. Gap: Regulatory/Statutory Accounting Knowledge Industry and Regulatory Participation: Actively engage in industry and regulatory meetings related to investment discussions, including those hosted by ACLI, NAIC, SVO, and NASVA. Guidance Analysis: Monitor and interpret changes and updates in investment-related guidance, assessing their impact on the company. Stakeholder Communication: Effectively communicate the implications of regulatory changes to stakeholders and develop strategic plans to implement necessary updates.

Requirements

Education: Bachelor's degree in accounting, Finance, Business, or a related field.
Certifications: CPA, MBA, or other relevant certifications.
Experience: Hands-on management experience with direct reports and strong technical accounting knowledge. Subject matter expertise in fixed income and investment accounting within an insurance company setting.
Skills: Proficiency in Investment Accounting Systems (e.g., ePAM), utilizing the SVO ratings database, Microsoft Office, and ERP systems.
Attention to Detail: Strong organizational skills and attention to detail to ensure accurate and timely reporting.
Excellent communication skills.
Strong knowledge of US Insurance Company Statutory guidance.

Responsibilities

Ensure statutory filings and sub-ledger systems are accurately recorded in accordance with applicable statutory accounting standards, including proper reporting of regulatory schedules, footnotes, and disclosures.
Assist in determining appropriate statutory accounting policies related to new investments.
Implement statutory accounting changes and coordinate with various stakeholders, including Compliance, Legal, Accounting Policy, Operations, Client Relations, Data Management, and Front Office.
Conduct technical accounting research as new accounting pronouncements emerge. Actively participate in ACLI, NAIC, and RBC discussions related to investments and new capital standards. Monitor the development of regulatory guidance updates.
Test and ensure proper utilization of regulatory updates pushed to the accounting software.
Directly interface with client stakeholders to assist them with determining regulatory treatment and conclusions for assets under management.
Manage the filing of securities with NAIC's Securities Valuation Office (SVO). Ensure all securities owned by the insurance company are filed in accordance with the NAIC's Purposes and Procedures Manual (P&P Manual).
Collaborating with Portfolio Managers (PMs) on requests and inquiries, reviewing NAIC ratings changes, and conducting detailed analysis on NAIC 6-designated securities.
Serve as a Subject Matter Expert (SME): Working with various internal and external third-party stakeholders on specific issues related to Statutory Principals Based Bond Definitions guidance.
Assist in managing the firm's Bermuda Statutory accounting requirements and implementation and maintenance of any Bermuda permitted practices.
Manage, mentor, and develop a team of investment accounting professionals onshore as well as offshore.