Investment Accounting Manager
About The Position
W. R. Berkley Corporation is seeking an Investment Accounting Manager to oversee investment accounting activities. The role records and reconciles investment transactions and positions from PAM to the general ledger, analyzes investment activity, and investigates accounting results that do not align with expected economics. It also supports statutory and GAAP reporting, reconciliations, internal controls, process improvements, and external audits. The position requires 5 to 7 years of back-office investment accounting experience and a bachelor’s degree in accounting. The salary range is $120,000 to $150,000, dependent on experience, knowledge, and location. Berkley offers health and insurance benefits, retirement and employee stock purchase plans, paid time off, wellness support, and professional education and tuition assistance.
Requirements
- 5 to 7 years of back-office investment accounting experience.
- Experience interpreting and applying U.S. GAAP and statutory accounting rules related to fixed income, equity, and partnership investments.
- Strong Excel skills, including Pivot Tables, Power Query, filters, sorts, lookups, and modeling.
- Bachelor’s degree in accounting.
Nice To Haves
- Experience with PeopleSoft general ledger.
- Experience with PAM for Securities.
Responsibilities
- Record and reconcile investment transactions and positions from PAM to the general ledger.
- Analyze investment activity and provide commentary and variance analysis for balance sheet and income statement movements.
- Investigate investments whose accounting results are inconsistent with expected economics and propose corrective actions.
- Communicate with the trade settlement team to correct trade or interest settlement discrepancies.
- Prepare and review statutory investment schedules, including A, B, BA, D, DA, DB, and E.
- Prepare and review the Supplemental Investment Risk Interrogatory.
- Prepare and review the Summary Investment Schedule.
- Prepare and review investment-related GAAP and statutory footnotes and management reports.
- Monitor and research aged open receivable and payable items.
- Review bank reconciliations.
- Lead or participate in assigned process improvement projects.
- Ensure ongoing compliance with internal controls and develop and implement new controls as needed.
- Prepare and provide investment-related support to external auditors.
- Perform other assignments as necessary.
Benefits
- Medical, dental, and vision coverage.
- Flexible Spending Account, Health Savings Account, and Health Reimbursement Arrangement.
- Short- and long-term disability coverage.
- 401(k), profit sharing, and Employee Stock Purchase Plan.
- Life, accidental death and dismemberment, travel, and additional life insurance.
- Employee Assistance Program.
- Paid time off, including vacation, sick time, and holidays.
- Wellness program.
- Industry-related education and exams.
- Industry-related tuition assistance.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
