Senior Technical Accounting Specialist

Gen Re•Farmington, CT

2d•$150,000 - $200,000•Hybrid

About The Position

The Senior Technical Accounting Specialist serves as the organization's subject matter expert on Statutory Accounting Principles (SAP), GAAP, IFRS, NAIC reporting requirements, and insurance investment accounting regulations. The role provides technical leadership and guidance to investment accounting teams, portfolio managers, operations professionals, and insurance company clients on the accounting and reporting implications of investment transactions and regulatory developments. The specialist interprets accounting guidance, ensures regulatory compliance, manages complex accounting matters, and advises stakeholders on investment strategies across insurance company portfolios. The position is the primary resource for technical accounting consultations involving fixed income securities, structured products, derivatives, alternative investments, impairment analyses, NAIC designation issues, and regulatory reporting. It also supports complex statutory filings, audits, examinations, annual statements, and client inquiries; develops accounting policies, procedures, memoranda, and white papers; and monitors emerging industry and regulatory trends. The specialist coordinates with IT on reporting framework improvements and trains and mentors investment accounting professionals. NEAM offers a hybrid schedule, with remote work Monday and Friday and in-office work Tuesday, Wednesday, and Thursday in Farmington, Connecticut.

Requirements

Bachelor’s degree in accounting or finance.
8–15+ years of insurance investment accounting experience.
Recognized expertise in statutory, GAAP, and IFRS accounting.
Significant experience with statutory, GAAP, and IFRS accounting and reporting; insurance company investment portfolios; Schedule D reporting; fixed income asset management; and insurance regulatory requirements.
Exceptional technical research and writing skills.
Ability to influence senior stakeholders and clients.
Strong presentation and training capabilities.
Sound professional judgment in interpreting complex regulations.
Strategic and solution-oriented mindset.

Nice To Haves

CPA certification is strongly preferred.

Responsibilities

Serve as the subject matter expert on SAP, GAAP, IFRS, NAIC accounting practices and procedures, Annual Statement Instructions, Schedule D, BA, DB and E reporting requirements, SSAP guidance, and insurance investment accounting regulations.
Research, interpret, and communicate the impacts of new NAIC guidance, SSAP updates, and statutory reporting requirements.
Develop and maintain accounting policies, procedures, and technical accounting memoranda.
Provide formal accounting conclusions and recommendations for complex investment transactions.
Ensure compliance with investment accounting and reporting requirements across all bases of accounting.
Review complex statutory filings and regulatory disclosures.
Partner with compliance, legal, and investment teams on regulatory changes affecting insurance company investment portfolios.
Assess accounting and reporting implications of new investment products and structures.
Serve as the primary escalation resource for complex fixed income transactions, structured securities, mortgage-backed and asset-backed securities, private placements, derivatives, alternative investments, impairment analyses, and NAIC designation issues.
Provide accounting guidance to portfolio managers, traders, operations personnel, and client service teams.
Lead discussions with insurance company clients, regulators, auditors, and consultants on technical accounting matters.
Serve as the lead accounting resource during external audits and regulatory examinations.
Review and support annual statement preparation and regulatory filings.
Respond to technical accounting inquiries from clients and external auditors.
Prepare accounting white papers and client communications regarding regulatory developments.
Monitor industry developments and emerging insurance regulatory trends.
Oversee development and enhancement of the reporting framework in coordination with IT to ensure the accuracy and completeness of regulatory reporting and disclosures.
Train and mentor investment accounting professionals on accounting requirements and best practices.
Represent the organization in industry working groups and professional associations when appropriate.