Investment Accountant I/II/III

Excellus BCBS•Rochester, NY

10h•Remote

About The Position

The Investment Accountant will be a part of a team responsible for the accounting and financial reporting functions of the Lifetime Healthcare Companies’ investments. This includes preparing external (GAAP and statutory) and internal reporting, financial statement disclosures, regulatory and external audit support, and is an integral member of the monthly, quarterly, and annual accounting close. This role is highly collaborative with internal Treasury, Tax, and Finance groups, as well as external custodians, investment managers, consultants, and third-party service providers. The role requires an understanding of relevant investment-related GAAP and statutory accounting rules and reporting to ensure the accuracy of financial data and supports ad-hoc investment-related requests.

Requirements

One (1) year of related experience preferred (All Levels).
Bachelor’s degree in accounting or related field. In lieu of a degree, six (6) years of experience required (All Levels).
CPA or advanced degree preferred (All Levels).
Public accounting and/or healthcare insurance experience preferred (All Levels).
Knowledge of, and experience, with Workday and associated systems preferred (All Levels).
Ability to interpret and effectively implement/apply changes in accounting guidance (All Levels).
Demonstrated attention to detail required (All Levels).
Ability to work in teams and think critically (All Levels).
Ability to effectively communicate and collaborate across all levels of the organization (All Levels).
Takes initiative and promotes continuous improvement mindset and culture (All Levels).
Possess solid working knowledge of Microsoft Office Suite (Excel, Word, and PowerPoint) (All Levels).
Two (2) years of related experience (Level II).
Demonstrates understanding of investments and financial markets, knowledge of investment accounting (Level II).
Ability to handle more complex priorities (Level II).
Five (5) years of related experience (Level III).
Advanced understanding of GAAP and statutory accounting (Level III).
Advanced, comprehensive knowledge of investment accounting and financial reporting (Level III).
Strong analytical and problem-solving skills; the flexibility to work effectively in a fast-paced environment (Level III).
Ability to work independently and handle complex, competing priorities (Level III).

Responsibilities

Supports the monthly, quarterly, and annual close process for the Lifetime Healthcare Companies’ investments, including the preparation of journal entries and account reconciliations.
Prepares internal, external, and regulatory investment reporting.
Prepares GAAP and statutory basis financial statement disclosure support.
Adheres to all key accounting controls to ensure accuracy and completeness, meeting all required deadlines.
Reviews investment-related documents to support accounting and financial reporting determinations.
Works collaboratively with a third-party investment accounting vendor and custodians to establish and maintain integrations, review transactions, and resolve discrepancies.
Prepares and interprets investment income and balance sheet analytics.
Verifies investment fees, capital calls and distributions in coordination with Treasury.
Consistently demonstrates high standards of integrity by supporting the Lifetime Healthcare Companies’ mission and values, adhering to the Corporate Code of Conduct, and leading to the Lifetime Way values and beliefs.
Maintains high regard for member privacy in accordance with the corporate privacy policies and procedures.
Performs other functions as assigned by management.
Works on more complex investment accounting and financial reporting issues, including, but not limited to, alternative and prospective investments (Level II).
Provides enhanced support to ad-hoc investment-related projects and identifies and implements process improvements (Level II).
Handles complex technical investment accounting and financial reporting issues and provides guidance to other investment accounting team members (Level III).
Leads ad-hoc investment-related projects and discussions with external investment vendors including the optimization of third-party investment accounting vendor platform (Level III).