VP, Alternative Investment Accounting & Reporting

Arch Capital Group•White Plains, NY

1d•Onsite

About The Position

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Job Summary We are seeking a Vice President, Alternative Investment Accounting & Reporting to join our Investment Accounting team in White Plains, NY. This individual will oversee all accounting, reporting, valuation oversight, and operational activities associated with the Company's approximately $7 billion alternative investment portfolio under both U.S. GAAP and U.S. Statutory Accounting Principles (SAP). The successful candidate will partner closely with segment controllers, portfolio management, finance leadership, and the Company's outsourced investment accounting provider, Clearwater Analytics, to ensure the timely and accurate reporting of alternative investments. This individual will also lead a remote team and play a key role in investment accounting transformation initiatives, process optimization, and regulatory reporting enhancements. The ideal candidate will possess strong technical investment accounting expertise, exceptional communication skills, a strategic mindset, and a proven ability to manage multiple priorities in a dynamic environment. This position reports to SVP, Head of Investment Accounting & Regulatory Compliance and is based in White Plains, New York .

Requirements

15+ years’ experience in investment accounting within the insurance industry or asset management firm
Strong knowledge of US Statutory and US GAAP reporting.
Knowledge of various investment types including Fixed Income, Structured Products, Derivatives, Securities lending, and Alternate Investments.
Must be able to travel periodically and meet with outsourced investment accounting provider and others in Idaho, New York, Bermuda and other locations.
Strong analytical, documentation, and organizational skills
Advanced proficiency and experience using Microsoft Office Suite: Excel, Access, PowerPoint
Capable of delivering results both independently and as part of a team.
Excellent people skills, capable of interacting effectively at all levels within the company.

Nice To Haves

Experience working with investment accounting systems such as Clearwater, CAMRA or PAM is preferred.
Experience with the following products is a plus: Aladdin applications, Xceptor, E-front and Clearwater Analytics.

Responsibilities

Lead all accounting, reporting and analytical activities related to Company’s alternative investment portfolio including Private credit, equity, real estate, Hedge fund, and Derivative instruments.
Own the quarterly valuation governance and review process for alternative investments including coordination with portfolio managers, valuation specialist, and external service providers.
Ensure accurate reporting under both USGAAP and US Statutory Accounting principles.
Manage team responsible for daily operations of alternative investments, including review of all limited partnership statements/notices received and reconciling eFront/Lpx daily.
Overall responsible for Schedule BA for NAIC reporting and all additional disclosures related to the Company’s alternative investment portfolio.
Assist the investment accounting team in analyzing monthly and quarterly investment accounting reports related to the investment portfolio as required by executive management, including financial reports such as Forms 10-K and 10-Q and other SEC filings, and/or earnings releases, and the investment disclosures provided there within.
Provide expertise in using our new Clearwater Analytics system to analyze and report on the financial results of our investment portfolio.
Drive efficiency, timeliness, and accuracy in the investment accounting process by strong integration with internal and external resources using technology.
Work closely with our internal auditors in monitoring and documentation of internal controls (SOX) and external auditors to provide timely and accurate information over financial reporting related to investment accounting.
Stay abreast of investment related reporting and compliance / regulatory changes that may impact the alternative reporting process.
Assist in the implementation of regulatory changes to reporting processes not limited to Principal Based Bond Project.