Associate Director, Investment Reporting Accounting
Group 1001

Job Info

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Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001's culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets - our employees.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Job Summary:

The Associate Director - Investment Reporting completes a variety of detailed investment accounting activities, such as recording, compiling, and summarizing financial information for investment accounting and regulatory reporting, investment earnings reports, trade activity, portfolio earnings and other investment-related general ledger entries. Will assist with the ongoing maintenance of an investment data warehouse and provide assistance for senior staff as needed. This role reports to the Vice President, Investment Reporting.

Responsibilities:

• Responsible for the accurate and timely preparation of investment portfolio reports, including STAT and GAAP financial statements, quarterly and annual NAIC filings, core investment earnings reports and ad hoc reports as required by senior management, regulatory departments and rating agencies.
• Works across departments including, but not limited to, middle office, investment valuation, investment front office, actuarial, financial reporting and tax to facilitate the monthly financial statement close process.
• Performs research to determine appropriate accounting and reporting, as necessary.
• Monitors monthly portfolio earnings calculations, investment funds withheld computations, and capital gains and losses.
• Records required investment accounting related entries in the general ledger and maintains IMR and AVR data and reports.
• Prepares and reviews account reconciliations, including asset rollforwards.
• Assists with the development of new reports and ledgers for special investment projects as needed.
• Works with the ongoing maintenance of an investment data warehouse, which will be used to assure the accuracy and timeliness of the reporting of the investment results.
• Assists with the various audits of the company records, working with external auditors, various departments of insurance personnel and internal revenue agents.

Qualifications:

• Bachelor's Degree or equivalent training and experience in Accounting or Finance is preferred
• 5+ years related STAT/GAAP or Investment Accounting and Reporting experience
• Public accounting experience is a plus
• Working knowledge of PAM system is a plus
• Excellent oral, written, listening, and presentation skills and ability to clearly articulate complex information to others
• Ability to work effectively with all departments and affiliates to ensure integration of strategic goals and principles
• Advanced working knowledge of basic office and PC applications, including MS Word and Excel

Benefits Highlights:

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001's benefits package. Employees (and their families) are eligible to participate in the Company's comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company's Employee Assistance Program and other wellness initiatives. Employees may also participate in the Company's 401K plan, with matching contributions by the Company.

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