Assistant Vice President, Investment Accounting

The AVP, Investment Accounting Manager is responsible for managing the day-to-day of the investment accounting team and Fortitude Re's investment accounting platform for the month-end and quarter-end close of all investment accounting and reporting for the company’s complex portfolio of investments. This includes performing detailed analysis of investment results and communicating to senior management under multiple bases of accounting (GAAP, US STAT, Bermuda STAT, Management Reporting). The AVP will run and manage the analysis of net investment income, realized gains and losses, investment yields, investment balances by asset class, etc. as well as provide support to Capital teams for the investment results and reporting requirements. This position will support the investment accounting internal control environment under Sarbanes Oxley and the NAIC Model Audit Rule. Additionally, this role will manage and review the general ledger activity, reconciliations, audit support, and ad hoc projects as the company acquires more blocks of business. This position requires strong business and financial acumen to handle complex situations and will report into the Vice President of Investment Accounting.

What You Will Have:

• Onboarding and integration of new investment portfolios to the Fortitude Re's investment accounting platform, including the build-out of the reporting associated with the new portfolios. Build out financial reporting process and controls to support investment financial reporting requirements under GAAP, US STAT and Bermuda Statutory frameworks.
• Manage and assist compilation of quarterly and yearly footnotes, MD&A, Statutory investment exhibits, debt reporting covenants, valuation committee and audit committee reports.
• Complete investment yield analysis and establish related performance metrics.
• Assist in the preparation of quarterly earnings reports and annual audited financial statements including footnotes and rating agency reporting.
• Perform quarterly investment valuation and reconciliation controls supporting the internal control environment.
• Create interactive automated investment reporting within Fortitude Re's investment accounting platform to facilitate portfolio financial reporting and analysis as well as be responsible for automating manual processes and controls for efficiency and effectiveness.
• Facilitate and assist with external audits, related testing and the completion of audit work papers.
• Review and compile investments data including posting general ledger entries for investment activity under both GAAP and STAT accounting.
• Support impact assessment of emerging investment accounting guidelines (FASB and NAIC) to facilitate strategic business decisions and compliance oversight.
• Develop and maintain analytic tools to monitor results and trends to facilitate an efficient and controlled reporting and accounting environment.
• Effectively partner with front-office investment teams and investment managers to assess and define investment reporting for new transactions or changes in accounting policy.
• Build and lead a high-performing team, providing mentorship and guidance to develop skills aligned with team priorities.

What You Will Have:

• Bachelor’s or Graduate degree in Accounting or Finance with CPA or equivalent accounting certification must.
• Minimum 7+ years accounting experience, with 3 or more years of investment accounting experience with an insurance/reinsurance with BIG 4 background must.
• The ideal candidate must have investment reporting experience as well as public company SOX controls experience.
• Experience managing and developing a team of investment accounting professionals.
• Demonstrated strong analytical and project management skills.
• Demonstrated ability to apply U.S. GAAP and STAT investment accounting principles and reporting.
• Experience with Life, Annuities and Property Casualty lines of business highly desired.
• Proven track record for exceeding expectations on various, simultaneous projects with tight deadlines.
• Capable of communicating and expressing ideas clearly and concisely, in both written and verbal formats.
• Review forecasts and trends and identify potential issues and opportunities.
• Proficient in Microsoft Office products, with strong proficiency in Microsoft Excel.
• Ability to build and maintain working relationships with internal and external asset managers, accounting, compliance, actuarial, management, and systems personnel from junior staff to executive level.
• Experience with Clearwater investment accounting platform highly desired.

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