Director, Investment Accounting Regulatory Reporting

Overview

Join a dynamic and high-growth global alternative asset manager as the Director of Investment Accounting Regulatory Reporting. In this pivotal role, you will ensure the accuracy of statutory filings and sub-ledger systems while implementing critical accounting changes that drive business success. This position offers significant opportunities for career advancement and professional development within a culture that values collaboration, innovation, and excellence. You will be part of a team that is committed to making a positive impact on clients and communities through strategic investment solutions.

Responsibilities

• Oversee the accurate recording of statutory filings and sub-ledger systems in compliance with applicable accounting standards, ensuring proper reporting of regulatory schedules and disclosures.
• Determine appropriate statutory accounting policies for new investments and implement necessary changes in coordination with cross-functional teams.
• Conduct technical accounting research on emerging pronouncements and actively participate in industry discussions to stay ahead of regulatory developments.
• Communicate the implications of regulatory changes to stakeholders and develop strategic plans for implementation.
• Manage the filing of securities with the NAIC’s Securities Valuation Office, ensuring compliance with the Purposes and Procedures Manual.
• Collaborate with Portfolio Managers on inquiries, analyze NAIC ratings changes, and provide insights on NAIC 6-designated securities.
• Lead, mentor, and develop a team of investment accounting professionals, fostering a culture of continuous improvement and excellence.

Qualifications

• Must-Have:
  • Bachelor’s degree in Accounting, Finance, Business, or a related field.
  • CPA, MBA, or other relevant certifications.
  • Hands-on management experience with direct reports and strong technical accounting knowledge, particularly in fixed income and investment accounting within an insurance company setting.
  • Proficiency in Investment Accounting Systems (e.g., ePAM), SVO ratings database, Microsoft Office, and ERP systems.
  • Strong knowledge of US Insurance Company Statutory guidance.
  • Excellent communication skills and attention to detail.
• Nice-to-Have:
  • Experience with Bermuda Statutory accounting requirements and permitted practices.
  • Familiarity with regulatory frameworks and industry standards, including participation in ACLI, NAIC, and RBC discussions.