Senior Investment Accountant

Banner Life family of companies•Frederick, MD

7d•$93,200 - $128,075•Hybrid

About The Position

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better. We’re a forward-thinking company energized by our work and how we show up for one another. Our culture is built on meaningful impact and genuine enjoyment, because we believe great work and great experiences should go hand in hand. By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. We are here for you, here for good and here for better. The Senior Investment Accountant will review or prepare accurate monthly, quarterly, and annual accounting of all investment asset classes (including public and private fixed income securities, commercial mortgage loans, private equity funds, derivatives, joint ventures, US and offshore subsidiaries, etc) for Meiji Yasuda (MYL) and subsidiaries under US Statutory, International Financial Reporting Standards (IFRS), and Bermuda statutory accounting bases. Review or prepare static and ad hoc investment reports for a variety of audiences: the MYL and subsidiary Boards of Directors, governance bodies, regulators, auditors (external, state, and internal), rating agencies, and other internal customers. Ensure maintenance of robust internal control practices and procedures and internal control reporting.

Requirements

BS in Accounting
3-5 years progressive accounting experience
Knowledge of US Statutory Accounting and/or IFRS Principles preferred

Nice To Haves

CPA preferred
Knowledge of Clearwater preferred
Public Accounting experience (2-5 years preferred)

Responsibilities

Review or prepare and ensure accuracy of the investment settlement, accounting and reporting processes under both US statutory and IFRS bases of accounting.
Liaise with internal and external investment management to coordinate trade processing banking contacts. Coordinate external management reporting.
Assist in the performance of external audit and state financial examinations, and responding to ad hoc state regulator information requests.
Responsible for external investment reporting components of regulatory filings.
Review or prepare reports as requested by internal customers, such as Actuarial Valuation, Financial Planning & Analysis, or our MYL counterparts.
Clearwater implementation project and document new processes and procedures. Review or prepare all entities’ investment transaction Board materials and submit timely for distribution to Board members prior to Board meetings.
Review or prepare investment reporting sections of submissions to federal government agencies and rating agencies. Assist with rating agency survey data as they relate to investment reporting.
Prepare all filings associated with the management of subsidiaries created to handle surplus relief reinsurance and/or capital markets transactions (including captive reinsurance companies, SPV trusts, etc.).
Prepare reports associated with other than temporarily impaired securities and recommend approaches for quarterly assessment of OTTI adjustments.
Support surplus relief initiatives and underlying investment reporting. Prepare and coordinate communications required as a result of capital markets transactions, including those with financial guarantors, trustees, asset custodians, rating agencies, and investment managers. Ensure compliance with all contractual requirements associated with the surplus relief reinsurance transactions.