Derivative Investment Accountant

Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 738,000 people serving clients in more than 120 countries.

Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song.

These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities.

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

The teams specific responsibilities include reconciliation of transactional data from various sub ledgers to the general ledger and ultimately the clients 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 5 years of experience in Investment Accounting and one or a combination of the following: Insurance, Financial Services and/or Finance & Accounting

Preferred Skills/Qualifications:

Bachelors 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

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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, New York or Washington as set forth below.We accept applications on an on-going basis and there is no fixed deadline to apply.

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

Role Location Annual Salary Range

California $63,200 to $154,800

Colorado $63,200 to $133,700

New York $58,500 to $154,800

Washington $67,300 to $142,400

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