Investment Accountant

Martello Re•Charlotte, NC

5d•Remote

About The Position

The Investment Accountant prepares and analyzes investment accounting activity for management, quarterly board reporting, US GAAP reporting, and Bermuda regulatory reporting. The role accounts for funds withheld and modified coinsurance portfolios, alternative investments, and external asset manager activity while maintaining accurate reconciliations, controls, and reporting. It supports monthly and quarterly closes, year-end financial statements, external audits, and improvements to investment accounting tools and processes. The position collaborates with Actuarial, Investments, Corporate Accounting, Strategic Initiatives, and other stakeholders. It has no direct supervisory responsibilities, though it may involve providing guidance to colleagues. The role allows remote applications from candidates in specified locations or candidates within commuting distance of the Charlotte, North Carolina office, and requires up to 5% travel.

Requirements

Bachelor’s degree in finance, accounting, or a related field.
Internationally recognized professional accounting designation, such as CA, ACCA, or CPA.
At least 3 years of post-qualified accounting or investment accounting experience.
Demonstrated experience with US GAAP investment accounting across asset classes including core fixed income, structured products, private assets, and alternatives.
Strong attention to detail and focus on improving the efficiency and reliability of monthly and quarterly close processes.
Sound knowledge of Microsoft Office, particularly advanced Excel.
Experience with general ledger systems and investment accounting software, with ability to adapt to new technologies.
Excellent organizational, written, and oral communication skills, and ability to thrive in a small team in a dynamic environment.
Strong analytical skills and attention to detail.
Ability to manage multiple priorities and work independently with minimal supervision.
Ability to explain complex financial information clearly and concisely to technical and non-technical stakeholders.
Excellent organizational and time-management skills, a strong sense of urgency, and results orientation.
Proficiency in investment accounting processes, including journal entries, reconciliations, and reporting.
Ability to sit for prolonged periods and work at a computer, and to lift 15 pounds at times.

Nice To Haves

Experience with funds withheld, modified coinsurance, or coinsurance treaty structures, particularly from the assuming reinsurer side.
Exposure to NAIC statutory accounting, including SSAPs and Schedule D.
Familiarity with BMA regulatory reporting, including BSCR.
Experience with Clearwater investment accounting software.

Responsibilities

Prepare and analyze monthly journal entries for investment activity for management and quarterly board reporting under US GAAP and Bermuda regulatory requirements.
Account for funds withheld and modified coinsurance portfolios, reconciling cedant-reported asset and investment income data to the investment accounting system and general ledger, and supporting measurement of related embedded derivatives.
Account for limited partnerships, funds, and other alternative investments, including equity method accounting, capital calls and distributions, and reconciliation of manager statements.
Review external asset manager reporting, holdings, and fee calculations, and resolve accounting and data issues as a point of contact.
Monitor accounts, ledgers, and reporting systems to maintain the integrity of postings and reconciliations across investment, transaction, treasury, and expense activity.
Complete monthly and quarterly close processes and reconciliations on time to meet internal and external reporting deadlines.
Prepare investment accounting notes and disclosures for management and external reporting.
Assist in developing and enhancing reporting tools, including analysis and reconciliation of investment accounting data.
Execute and maintain documented controls over investment accounting processes, including control narratives and evidence, and support internal and external audit testing.
Prepare supporting documentation, schedules, and reports for year-end financial statements and external audit requests.
Collaborate with stakeholders across the organization, including Actuarial, Investments, Corporate Accounting, and Strategic Initiatives.
Provide guidance to other team members and departments as needed.
Perform other duties as assigned.