Analyst, Investment Accounting Operations

Less than 5 years experience  •  Insurance

Salary depends on experience
Posted on 10/17/17
Fort Wayne, IN
Less than 5 years experience
Insurance
Salary depends on experience
Posted on 10/17/17

About the Company

Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates.

The Role

The Senior Investment Accountant  will provide timely and accurate investment data and Investment accounting for the General Account Invested Assets on a Statutory, GAAP, Management, and Tax basis. Responsible for performing investment research, analysis and proper accounting treatment of Lincoln Financial Group’s (LFG) investment positions to support strategic investment operations and initiatives.

Responsibilities

Investment Accounting

·        Provide proper investment accounting treatment of General Account Invested Assets under applicable Statutory, GAAP, Management and Tax basis

·        Support an effective Investment Accounting function for his/her assigned area(s) of responsibility by identifying risks

·        Research technical investment accounting issues

·        Advise management on the identified risks and financial implications

·        Provide timely and accurate trade research, confirmation and settlement of fixed income and derivative instruments across a   multi asset manager platform for General Account Investment Operations

·        Responsible for the proper setup, maintenance, pricing and accounting of invested assets in accordance with Statutory, GAAP and TAXreporting requirements to support accurate financialreporting

·        Resolve discrepancies and take actions on matters and inquires on General Account Invested Assets from portfolio management and multiple asset managers

Communications

·        Prepare and communicate concise and focused technical financial documents, presentations, and communications

·        Support the preparation of industry and governmental surveys for area(s) of responsibility (memos, fact sheets, collateral materials) which direct the reader to salient points for a wide range of technical and nontechnical audiences

·        Review technical work and communications of junior team members

Collaboration

·        Collaborate effectively with applicable key stakeholders across the enterprise to facilitate the accurate and timely completion of the tax process for assigned area(s) of responsibility

·        Maintain current and emerging accounting/financialreporting regulatory rules and requirements, assess the impact, and collaborate with management to incorporate new trends and developments in current and future strategies

Mentoring

  • Provide education on fixed income and derivative investments for existing and developing investment strategies for compliance with accounting/reporting regulations to appropriate key stakeholders and investment accounting team members ensuring completion of responsibilities in an accurate and timely manner
  • Provide education on existing and developing investment accounting/reporting regulations to appropriate key stakeholders and investment accounting team members

Internal Controls and Requirements

·        Maintain investment accounting’s internal control system to ensure SOX compliance

·        Identifies and recommends process improvement and procedural or accounting changes to enhance departmental effectiveness

·        Maintain current and emerging accounting/financialreporting regulatory rules and requirements, assess the impact, and collaborate with management to incorporate new trends and developments in current and future strategies, minimal travel, no relocation, can work with unique assett classes of investments.

Education

·        UndergraduateDegree or 4+ years of comparable work experience; educational concentration in Accounting, Finance, or business is preferred

Experience

·        3-5+ yrs. of experience in Investment Accounting, Finance, or related experience that directly aligns with the specific responsibilities for this position

·        Educational experience and/or proficiency in:

o    GAAP, SOX 404, and Compliance Requirements

o    Financial Services or Insurance Investment Accounting experience is preferred

o    Microsoft Office Suite (Word, Excel, PowerPoint) with advanced ability to use Microsoft excel including use of Industry Tools (Bloomberg, PAM for Investments, Axiom, PeopleSoft )#LI-AY1

Requisition #40044

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