Investment Account Sr. – Policy

Reliance Matrix•Philadelphia, PA

1d•$78,290 - $104,520•Hybrid

About The Position

The Senior Investment Accountant is responsible for working in the Accounting Policy and Analytics department within the Investment Accounting unit. The Senior Investment Accountant will assist in critical investment reporting functions, department initiatives, and analytical support for management. In addition, the Senior Investment Accountant is expected to assist with the development and completion of a variety of ad-hoc projects. Reporting Preparation of general ledger journal entry process across various accounting bases for investment-related items, including the preparation of supporting documentation and the reconciliation of key items. Assists in research of accounting guidance for new and unique investment transaction as well as playing a key role in implementation. Preparation of Fair Value disclosures under various accounting bases. Key role in preparation of Statement of Cash Flow for direct parent and insurance subsidiaries. Provides supporting tie-out schedules for financial statements for certain GAAP and statutory disclosures. Assists with internal and external auditor requests with appropriate documentation and workpapers. Analysis Understands general ledger workflow and implements best practices to optimize the monthly close process including automation, streamlining, and management-level control reports. Analysis of investment valuation outputs as part of monthly close cycle. Maintains transaction-level analysis of cash flow consideration and coordinates with various stakeholders to appropriately classify investment activity within custody and ledger feeds. Assists in analysis of GAAP and statutory classification schemes and assesses appropriateness with applicable guidance. Performs analysis of non-admitted assets and accruals for statutory entities. Project Management & Automation Works to understand IMR/AVR/RBC calculations and takes an active role in their preparation. Leads at least one department initiative per year including developing a project plan, implementing the initiative, and monitoring the progress after implementation to determine level of success. Proactively recommends changes and/or improvements to workflow processes. Participates in department meetings and engages colleagues in open forum discussions.

Requirements

Bachelor’s degree in Finance, Accounting, Economics, or Engineering
4+ years relevant work experience.
Understanding of fixed income instruments and concepts, including discounting and time value of money principles, and internal rates of return.
Familiarity of investment accounting with associated accounting principles
Ability to communicate complex information in a concise and understandable manner.
Ability to multitask and prioritize work to attain strict deadlines.
Demonstrates independence to complete tasks with minimal supervision, while seeking assistance when needed.
Solid proficiency in Microsoft Office, particularly Microsoft Excel and PowerPoint, including competency with various Excel formulas including V- and H-lookups, pivot tables, database functions, and arrays.
Ability to research, comprehend, and make conclusions/recommendations based upon accounting guidance.
Ability to Travel: Up to 10%

Nice To Haves

CPA designation or working towards CPA designation preferred.

Responsibilities

Preparation of general ledger journal entry process across various accounting bases for investment-related items, including the preparation of supporting documentation and the reconciliation of key items.
Assists in research of accounting guidance for new and unique investment transaction as well as playing a key role in implementation.
Preparation of Fair Value disclosures under various accounting bases.
Key role in preparation of Statement of Cash Flow for direct parent and insurance subsidiaries.
Provides supporting tie-out schedules for financial statements for certain GAAP and statutory disclosures.
Assists with internal and external auditor requests with appropriate documentation and workpapers.
Understands general ledger workflow and implements best practices to optimize the monthly close process including automation, streamlining, and management-level control reports.
Analysis of investment valuation outputs as part of monthly close cycle.
Maintains transaction-level analysis of cash flow consideration and coordinates with various stakeholders to appropriately classify investment activity within custody and ledger feeds.
Assists in analysis of GAAP and statutory classification schemes and assesses appropriateness with applicable guidance.
Performs analysis of non-admitted assets and accruals for statutory entities.
Works to understand IMR/AVR/RBC calculations and takes an active role in their preparation.
Leads at least one department initiative per year including developing a project plan, implementing the initiative, and monitoring the progress after implementation to determine level of success.
Proactively recommends changes and/or improvements to workflow processes.
Participates in department meetings and engages colleagues in open forum discussions.

Benefits

An annual performance bonus for all team members
Generous 401(k) company match that is immediately vested
A choice of three medical plans (that include prescription drug coverage) to suit your unique needs.
For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
Multiple options for dental and vision coverage
Company provided Life & Disability Insurance to ensure financial protection when you need it most
Family friendly benefits including Paid Parental Leave & Adoption Assistance
Hybrid work arrangements for eligible roles
Tuition Reimbursement and Continuing Professional Education
Paid Time Off – new hires start with at least 20 days of PTO per year in addition to nine company paid holidays. As you grow with us, your PTO may increase based on your level within the company and years of service.
Volunteer days, community partnerships, and Employee Assistance Program
Ability to connect with colleagues around the country through our Employee Resource Group program