Senior Technical Accounting Specialist
Position Description
The Senior Technical Accounting Specialist serves as
the organization's subject matter expert on Statutory Accounting Principles
(SAP), GAAP, IFRS (International Financial Reporting Standards), NAIC reporting
requirements, and insurance investment accounting regulations.
This role
provides technical leadership and guidance to investment accounting teams,
portfolio managers, operations professionals, and insurance company clients
regarding the accounting and reporting implications of investment transactions
and emerging regulatory developments.
The specialist is responsible for interpreting
statutory, GAAP, and IFRS accounting guidance, ensuring regulatory compliance,
managing complex accounting matters, and advising stakeholders on the impact of
investment strategies across insurance company investment portfolios.
The
position acts as the primary resource for technical accounting consultations
involving fixed income securities, structured products, derivatives,
alternative investments, and regulatory reporting requirements.
Position
Role and Responsibilities:
Technical Statutory, GAAP, and IFRS Accounting Leadership
Serve as the firm's subject matter expert on:
Statutory Accounting Principles (SAP), GAAP and
IFRS
NAIC Accounting Practices and Procedures Manual
Annual Statement Instructions
Schedule D, BA, DB and E reporting requirements
SSAP guidance and interpretations
Insurance investment accounting regulations
Research, interpret and communicate the
impact of new NAIC guidance, SSAP updates, and statutory reporting
requirements.
Develop and maintain accounting policies,
procedures, and technical accounting memoranda.
Provide formal accounting conclusions and
recommendations for complex investment transactions.
Regulatory
& Compliance Oversight:
Ensure compliance with all investment
accounting and reporting requirements across all basis of accounting.
Review complex statutory filings and
regulatory disclosures.
Partner with compliance, legal, and
investment teams regarding regulatory changes that affect insurance
company investment portfolios.
Assess accounting and reporting implications
of new investment products and structures.
Advisory
& Consultation
Act as the primary escalation resource for:
Complex fixed income transactions
Structured securities
Mortgage-backed and asset-backed securities
Private placements
Derivatives
Alternative investments
Impairment analyses
NAIC designation issues
Provide accounting guidance to portfolio
managers, traders, operations personnel, and client service teams.
Lead discussions with insurance company
clients, regulators, auditors, and consultants on technical accounting
matters.
Audit
& Client Support:
Serve as the lead accounting resource during
external audits and regulatory examinations.
Review and support annual statement
preparation and regulatory filings.
Respond to technical accounting inquiries
from clients and external auditors.
Prepare accounting white papers and client
communications regarding regulatory developments.
Strategic
Leadership:
Monitor industry developments and emerging
insurance regulatory trends.
Oversee the development and
enhancement of the reporting framework in coordination with IT to ensure
accuracy and completeness of all regulatory reporting and disclosures.
Train and mentor investment accounting
professionals on accounting requirements and best practices.
Represent the organization in industry
working groups and professional associations when appropriate.
Qualifications
Bachelor’s degree in accounting or finance.
CPA strongly preferred.
8-15+ years of insurance investment accounting experience.
Recognized statutory, GAAP and IFRS accounting expertise.
Exceptional technical research and writing skills.
Ability to influence senior stakeholders and clients.
Strong presentation and training capabilities.
Sound professional judgment in interpreting complex regulations.
Strategic and solution-oriented mindset.
Significant
experience with:
Statutory, GAAP and IFRS accounting and reporting.
Insurance company investment portfolios.
Schedule D reporting.
Fixed income asset management.
Insurance regulatory requirements.
Salary Range
150,000.00 - 200,000.00
Base pay
is one component of our total compensation package. In addition to base salary,
employees may be eligible for benefits including medical, dental, and vision
coverage, a retirement plan, paid time off, sick leave, holidays, and bonus or
incentive compensation, where applicable. The actual rate of pay offered will
depend on a variety of factors, including, but not limited to, skills,
experience, education, certifications, geographic location, and business needs.
The compensation range listed reflects the range the Company reasonably expects
to pay for this position at the time of posting.
About US
For more information about NEAM
please visit our website at www.neamgroup.com.
NEAM
is a wholly owned subsidiary of General Re Corporation, which is a subsidiary
of Berkshire Hathaway Inc. NEAM has developed proprietary decision-making tools
and specialized services enabling the delivery of asset and capital management
solutions to clients within the context of evolving regulatory, accounting and
tax issues faced by insurance companies today.**
The firm’s culture is team oriented, collaborative, transparent, and
intellectually curious.
We currently offer a hybrid schedule with M/F remote and T/W/TR in the office
in Farmington, CT.
**NEAM does not offer tax/legal advice.
It is the continuing policy of New England Asset Management to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veteran status, citizenship, sexual orientation, gender identity, or any other characteristic protected by the applicable law. In addition, New England Asset Management provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
