The Derivative Investment Accountant is part of the Investment group which is responsible for the accounting and reporting for the client's Invested Assets comprised of fixed maturity securities, alternative investments, residential loans, equity securities, hedge funds, and various types of derivatives.

The team's specific responsibilities include reconciliation of transactional data from various sub ledgers to the general ledger and ultimately the client's financial statements, as well as all related external reporting for investments (10-Q/K, Financial Supplement, STAT Audited Financials and Investment NAIC reporting). The team is also responsible for the implementation of new GAAP and STAT accounting standards as it relates to investments, establishing the accounting for new transactions or new investment types and management of the risks, controls and client audit as it relates to investments and Investment FP&A.

Key Responsibilities:

• Prepare issued debt journal entries and financial schedules for US GAAP and STAT

• Assist Director with preparation of US GAAP and statutory hedge accounting packages

• Prepare quarter end derivative elimination and consolidation journal entries

• Prepare accounting reconciliations and administer derivative financial controls program

• Prepare and reconcile various financial statement disclosures

• Provide analytical support, including management reporting, for senior management

• Prepare certain recurring journal entries as part of monthly and quarterly close

• Execute recurring data validations and checks

• Manage data governance process for Invested Assets

• Cross train with other team members within Investment Accounting and provide support as deemed necessary

• Liaise with Operations, Treasury and other teams within Client

• Ensure compliance with relevant policies and procedures for derivative accounting

Basic Qualifications:

• A minimum of 3 years of experience in Investment Accounting and one or a combination of the following: Insurance, Financial Services and/or Finance & Accounting

Preferred Skills/Qualifications:

• Bachelor's degree with a major in a quantitative field (e.g., Finance, Accounting, Math, Statistics); Advanced Degree, CPA or CFA is preferred

• 5+ years of experience in accounting and/or finance in Financial Services industry with 3+ years of experience working with ASC 815

• Solid practical knowledge of derivative products/markets. In addition, knowledge of other investment products is preferred

• Experience with application of US GAAP hedge accounting is preferred

• Experience with STAT accounting is preferred

• Strong knowledge and experience of financial instruments, including fixed income and equity securities, loans, alternative investments and more

• Strong knowledge and experience of GAAP accounting pronouncements, US GAAP and US insurance statutory disclosure and reporting requirements for Invested Assets

• Strong controllership mindset or financial reporting role at a public company; insurance sector experience a plus, audit background is preferred

• Computer proficiency with a strong working knowledge of Microsoft Office

Professional Skills:

• Innovative, improvement mindset

• Clear/critical thinking, excellent written/verbal communication skills

• Ability to work effectively in a cross-functional team

• Ability to balance multiple projects at once, to prioritize appropriately, and to approach the work with a sense of urgency and strong attention to detail to produce high quality results in a time sensitive environment

• High level of motivation and initiative, ability to work independently, including strong organizational and management skills

• Strong analytical and problem-solving skills

• Ability to manage a broad range of stakeholders

Compensation at Accenture varies depending on a wide array of factors, which may include but are not limited to the specific office location, role, skill set, and level of experience. As required by local law, Accenture provides a reasonable range of compensation for roles that may be hired in California, Colorado, District of Columbia, Maryland, New York or Washington as set forth below.

The application window for this job will remain open until at least 09/12/2024. However, if this date has passed, please note we are still accepting applications.

Information on benefits is here. (https://www.accenture.com/us-en/careers/local/total-rewards)

Role Location Annual Salary Range

California $73,000 to $168,600

Colorado $73,000 to $145,700

District of Columbia $77,700 to $155,100

New York $67,600 to $168,600

Maryland $67,600 to $134,900

Washington $77,700 to $155,100

What We Believe

We have an unwavering commitment to diversity with the aim that every one of our people has a full sense of belonging within our organization. As a business imperative, every person at Accenture has the responsibility to create and sustain an inclusive environment.

Inclusion and diversity are fundamental to our culture and core values. Our rich diversity makes us more innovative and more creative, which helps us better serve our clients and our communities. Read more here (https://www.accenture.com/us-en/about/inclusion-diversity/us-workforce)

Equal Employment Opportunity Statement

Accenture is an Equal Opportunity Employer. We believe that no one should be discriminated against because of their differences, such as age, disability, ethnicity, gender, gender identity and expression, religion or sexual orientation.

All employment decisions shall be made without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status or any other basis as protected by federal, state, or local law.

Accenture is committed to providing veteran employment opportunities to our service men and women.

For details, view a copy of the Accenture Equal Employment Opportunity and Affirmative Action Policy Statement (https://www.accenture.com/content/dam/accenture/final/accenture-com/document/Annual-Policy-Statement-Regarding-EEO-2023-Applicant.pdf#zoom=50) .

Requesting An Accommodation

Accenture is committed to providing equal employment opportunities for persons with disabilities or religious observances, including reasonable accommodation when needed. If you are hired by Accenture and require accommodation to perform the essential functions of your role, you will be asked to participate in our reasonable accommodation process. Accommodations made to facilitate the recruiting process are not a guarantee of future or continued accommodations once hired.

If you would like to be considered for employment opportunities with Accenture and have accommodation needs for a disability or religious observance, please call us toll free at 1 (877) 889-9009, send us an email (https://www.accenture.com/us-en/about/contact-us) or speak with your recruiter.

Other Employment Statements

Applicants for employment in the US must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States.

Candidates who are currently employed by a client of Accenture or an affiliated Accenture business may not be eligible for consideration.

Job candidates will not be obligated to disclose sealed or expunged records of conviction or arrest as part of the hiring process.

The Company will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. Additionally, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the Company's legal duty to furnish information.