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The Accounting Senior will play a critical role within the investment team and will assist with ensuring the completeness and accuracy of the data within our investment accounting software tool, Clearwater, along with the recording of investment transactions in the general ledger on a GAAP and statutory basis for six standalone insurance companies and various reporting requirements on both a GAAP and statutory basis including daily, weekly, monthly and quarterly GAAP reporting and quarterly statutory reporting requirements.
This person will also be responsible for working with the Company’s legal department and various vendors providing services to the Investments team for any new contracts or revisions to existing contracts and will also work with various state insurance departments to ensure compliance with investments regulations including posted state deposits.
Key Accountabilities/Deliverables:
Monitor daily investment activity within the investment accounting tool, Clearwater
Review monthly investment reconciliations, including custodian, Clearwater and Workday reconciliations
Review monthly investment journal entries on a GAAP and statutory basis for six insurance companies
Review monthly pricing and fair value levelling review for all securities
Review monthly investment expense accruals
Review daily summary of investment activity
Review weekly investment report
Review monthly investment report
Prepare various adhoc analysis of the investment portfolio for management as requested
Assist in the monitoring of actual investment expenses to planned expenses
Assist in the accounting and reporting of other invested assets
Review the quarterly preparation of the investment material for the Finance Committee, Risk Committee and Board of Directors
Prepare quarterly and annual GAAP reporting of investments within the consolidated financial statement, investor supplement and any future reports utilized by management
Prepare quarterly and annual STAT reporting of investments within the yellow books, statutory financial statements, and various statutory exhibits
Prepare various compliance reporting of investment holdings for state insurance departments
Prepare investment data for AM Best reporting
Assist in the coordination amongst various banks and state insurance departments for necessary investment transactions and account maintenance
Support internal and external audit requests related to the investments area
Maintain procedural documentation for assigned responsibilities
Assist in managing relationships (including invoicing and contracts) with various vendors
Technical Knowledge and Understanding:
Must have good working knowledge of US GAAP accounting
Advanced Excel/spreadsheet skills including pivot tables and complex formulas
Excellent analytical and organizational skills
Ability to work independently and manage time effectively
Strong verbal and written communication skills
High level of efficiency, accuracy, and responsibility
Motivation and strong desire to take on new challenges and learn as much as
Experience:
Bachelor’s degree in Accounting, Finance, or related field
3+ years experience of Accounting or Auditing
Prefer experience with insurance industry
Certified Public Accountant (CPA) designation is a plus
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
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