VP, Alternative Investments Accounting

Resolution Life•West Chester, PA

21h•$159,000 - $223,000•Hybrid

About The Position

As the VP of Alternatives Investment Accounting, you will be responsible for setting the strategic direction and governance framework for overseeing the GAAP and STAT accounting close, financial reporting, and financial analytics pertaining to the company’s alternative investment portfolio, including investment funds and mortgage loan portfolio. You will serve as the accountable owner for the integrity of accounting and reporting outcomes and work closely with the company’s third-party investment accounting service provider and asset managers to ensure the accuracy and completeness of underlying investment accounting records. You will also work with the Reporting team to ensure appropriate GAAP and STAT reporting and disclosures, as well as with Finance to support the analysis and communication of investment results. You will provide strategic oversight of and hold accountable the third-party investment accounting service provider to ensure a timely and accurate close, while leading, mentoring, and setting performance expectations for junior staff. The ideal candidate is a self-starter with strong problem-solving and decision-making skills. You are confident in the subject area and can take end-to-end ownership for the identification and resolution of complex problems involving multiple parties and senior stakeholders.

Requirements

Bachelor’s degree in Accounting or Finance required
10+ years of experience with 6+ years of investment accounting and/or insurance industry experience required
Expertise in US GAAP and Statutory Accounting Principles, with demonstrated application to complex alternative investments
Strong research, verbal and written communication skills are essential to effectively and clearly communicate technical issues in a pragmatic way to others including senior leadership
Confidence, credibility and character to liaise across corporate functions; ability to develop and maintain strong working relationships with colleagues both within Resolution Life and throughout the industry
Demonstrated leadership skills and ability to develop, coach and train others in an organizational setting while influencing outcomes across functions without direct authority
Sense of urgency and high degree of flexibility - ability to conform to shifting priorities, demands and timelines, making adjustments accordingly and execute tasks in support of corporate objectives
Strong focus on stakeholder satisfaction and consistently works to provide a high level of service while balancing control, governance, and scalability considerations
Ability to act independently in identifying problems while exhibiting judgement and a realistic understanding of issues and interdependencies
Strong problem solving and decision-making skills in high-impact and ambiguous environments
High level of interpersonal skills, integrity and ethics
Self-starter with a collaborative approach who values and encourages teamwork and drives accountability
Proficiency with Microsoft Office software

Nice To Haves

Certified Public Accountant preferred
Experience with Clearwater Analytics or Third-Party Investment Accounting model preferred

Responsibilities

Serve as a recognized enterprise-wide subject matter expert on accounting and reporting for complex alternative investments, including investment funds and mortgage loans
Direct and govern the monthly accounting close over investment funds and mortgage loans, including oversight of two associates and a third-party accounting vendor
Establish expectations for balance sheet and income statement attribution and variance analysis and challenge results to ensure alignment with economic performance
Own the strategic relationship and performance governance of third-party accounting vendor
Research and formally document technical accounting conclusions related to accounting and reporting guidance, including VIE analyses, on new investments
Provide oversight of and challenge key judgments related to credit reserves and impairments on mortgage loans (CECL and OTTI)
Review and approve footnotes and schedules for U.S. GAAP and Statutory financial statements
Collaborate with Investment Front Office on new investment strategies or investment managers, including evaluating accounting implications and influencing structure where appropriate
Evaluate investment results and deliver executive-level insights through analytics package to finance leaders
Identify and review non-routine and complex manual journal entries needed for accurate financial results
Act as a key accounting advisor to Investment Management, Third-Party Asset Managers, and Cedants
Design, enhance, and oversee the effectiveness of internal financial controls to ensure accurate investment accounting results
Lead talent development, including coaching, performance management, and organizational capability building on daily, monthly, and quarterly tasks
Provide reporting and supplemental information to reinsurance cedants and ensure alignment with contractual and regulatory requirements
Support an environment of continuous improvement by driving process transformation, automation, and scalability initiatives