Lead Financial Reporting Analyst - Investment Acct
Company: Staff Financial Group
Location: Atlanta
Posted on: March 21, 2023
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Job Description:
The Lead Financial Analyst, Investment Accounting and Reporting
is responsible for performing proper accounting and reporting for
assigned US-based insurers. Will be required to perform investment
accounting for a portfolio of investments, including detailed
analysis of transactional information. The Senior Analyst is a
critical partner with the TPAs and Investment Advisors/Managers and
is responsible for the accuracy of the underlying information for
the financial statements and related disclosures (both STAT and
GAAP). This role also interacts with finance and other areas within
the company to ensure that investment information disseminated is
complete, accurate, and timely. Responsible for maintaining
consistent processes, procedures, and controls across all insurers.
Supervision of accountants or other positions may be required
Position Description:
For each monthly, quarterly and annual reporting period, review and
analyze the investment data received from the TPAs. Review all data
for completeness and accuracy.
Download automated feeds of investment data from the TPAs into
worksheets for reconciliation to ledger or for other analyses.
Ensure accuracy of financial data.
Work with custodians and brokers to obtain investment data and
resolve issues related to reconciling items.
Assist with the onboarding of securities.
Analyze cash flows to ensure accuracy of financial data.
Prepare accruals and journal entries, reconcile sub-feeds and
record data in the GL.
Analyze investment financial results on statutory/GAAP basis -
including working with various areas such as finance, external
investment managers, treasury operations, etc.
Attend training to maintain working knowledge of changes in
accounting principles (STAT and GAAP).
Reconcile investment balance sheet accounts from various data
sources. Maintain documentation of controls and procedures in
accordance with Sarbanes-Oxley and Model Audit Rule (MAR).
Perform ad-hoc analyses, as required.
Liaison with the Company's Treasury and Asset Managers plus
external partners.
Maintain structure of the GL/other data systems to meet the
company's current and future reporting.
Support the maintenance of investment policies related to
accounting and operations.
Knowledge & Experience:
Bachelor's degree with a concentration in finance or accounting
CPA, CFA and/or MBA is preferred
Two to five years of investment accounting experience, with
exposure to investment accounting function within the insurance
industry
Experience with life insurance, annuity products and/or reinsurance
is desired
Expertise in accounting systems and controls typically found in the
insurance industry
Solid understanding of the accounting requirements for investment
products in accordance with statutory and GAAP accounting
principles
Understanding of investments, including but not limited to private
placements, commercial mortgage loans, private equity securities
and derivatives
Strong leadership, people management, communication and
interpersonal skills
Ability to collaborate effectively with key contacts both internal
and external to the Company
Demonstrated ability to deliver results under pressure in a tight
timeframe
Keywords: Staff Financial Group, Atlanta , Lead Financial Reporting Analyst - Investment Acct, Advertising , Atlanta, Georgia
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