Bright House Financial, LLC

Accountant, Regulatory Reporting (Charlotte, NC (Hybrid) or Remote)

Bright House Financial, LLC • $80K — $87K *
Charlotte, NC 28269Hybrid
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting or finance.
  • 2+ years of accounting experience preferred.
  • Working knowledge of GAAP or Statutory accounting and reporting.
  • Previous experience with derivatives is a plus.
  • Strong organizational skills for multitasking.
  • Excellent verbal and written communication skills.
  • Proficiency in Microsoft Office, especially Excel, Word, and Access.
  • Experience with SQL is a plus.

Responsibilities

  • Prepare derivatives disclosures in 10-K, 10-Q, QFS, and financial statements.
  • Support preparation of Statutory Blue Book investment derivative schedules.
  • Assist with preparing journal entries for derivative accounting.
  • Help management review vendor reconciliations and implement new accounting standards.
  • Track hedged items for derivative accounting continuously.
  • Document processes and controls for hedge accounting program.
  • Analyze business critical data and recommend improvements.

Benefits

  • Base salary range of $80,000.00 to $87,000.00 plus performance-based incentives.
  • Flexible work environment allowing remote or in-office work.
  • Minimum of 20 days paid time off and 16 paid company holidays annually, plus paid volunteer and study time.
  • 401(k) savings plan with company match and annual contributions.
  • Comprehensive medical, vision, and dental plans, including health savings accounts.
  • Up to 16 weeks of paid leave for new parents and support for family care.
  • Access to company-paid life and short-term disability insurance.
Full Job Description
Where you'll work:

Our flexible, hybrid work model offers the option to work remotely or in the office.

How you'll contribute:

As an Accountant in Regulatory Reporting, you will be responsible for supporting the Derivative accounting team and associated reporting for Brighthouse Financial's investments in derivative instruments. The company uses derivatives to manage its exposures to changes in interest rates, foreign currency exchange rates, equity markets and credit risk across its diverse investment portfolio as well as hedging liabilities. Some of these derivatives are designated as qualifying hedges for GAAP and STAT and have special documentation and accounting requirements.

In this role, you'll get to:
  • Prepare derivatives disclosures in the 10-K, 10-Q, QFS, and stand-alone audited financial statements on a GAAP & Statutory basis.
  • Support preparation of Statutory Blue Book investment derivative schedules.
  • Assist with preparing journal entries for derivative accounting.
  • Assist management in monthly review of reconciliations provided by vendor Assist management in implementation of new accounting pronouncements impacting derivatives.
  • Support management's initiative to expand or implement accounting for new derivative strategies.
  • On-going tracking of hedged items for derivative accounting.
  • Preparing documentation of processes and controls associated with the hedge accounting program Analyze and validate data from internal and external sources.
  • Develop accurate and timely ad hoc reports.
  • Analyze business critical data and recommend improvements.
  • Maintain accurate, meaningful and updated technical and non-technical documentation pertaining to all aspects of responsibilities.
  • Respond to questions from external and internal auditors, front office and financial reporting teams regarding qualifying derivatives, documentation & testing.
  • Perform other responsibilities as required.


We're looking for people who have:
  • Bachelor's degree in accounting, or finance.
  • 2+ years of accounting experience in a public or private company environment is preferred.
  • Working knowledge in GAAP or Statutory accounting and reporting is preferred.
  • Previous experience working with derivatives is a plus.
  • Organizational skills and ability to track various issues at one time
  • Excellent verbal and written communication skills.
  • Proficiency in Microsoft Office (Excel, Word, and Access) required.
  • Experience with SQL is a plus.


Research shows some people may not apply for a role if they don't check all the boxes of a job description. If you don't check every box listed, that's okay. We would love to hear from you.

What you'll receive:
  • Compensation - Base salary ranging from $80,000.00 to $87,000.00 plus competitive performance-based incentives determined by company and individual results.
  • Flexible Work Environment - Work remotely or in the office to better thrive in all areas of life.
  • Paid Time Off - Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
  • Financial Health - Work toward achieving your financial goals through our401(k) savings plan with company match (up to 6%), annual company nondiscretionary contribution (3%), and financial counseling services.
  • Health and Wellness - Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
  • Family Support - Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
  • Life and Disability Support - Gain access to company-paid basic life insurance and short-term disability insurance.


The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We'd love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

About Bright House Financial, LLC

Brighthouse Financial offers annuities and life insurance that help protect what people have earned and ensure it lasts. The company is built on a foundation of experience and knowledge, which enables it to provide the value the customers deserve. The company has over $200 billion in total assets, more than 2 million customers, and approximately 2.5 million annuity contracts and insurance policies in force. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Brighthouse Financial was founded in 2017 and is headquartered in Charlotte, North Carolina.

Bright House Financial, LLC Careers

Join the dynamic team at Bright House Financial, LLC, a premier financial services provider where innovation meets expert financial guidance. We are currently expanding our talented team, offering a range of job opportunities that promise not only professional growth but also a chance to be part of a culture that values leadership and diversity.

Why Bright House Financial, LLC?

At Bright House Financial, LLC, we believe in empowering our employees to excel through comprehensive training and development programs. As a company, we are committed to fostering an inclusive environment where diverse ideas and perspectives lead to innovative financial solutions for our clients.

Explore Career Opportunities

Whether you're a seasoned professional looking for your next career challenge or a recent graduate eager to start your internship, Bright House Financial, LLC offers a variety of positions across multiple disciplines. Our team is hiring individuals who are passionate about financial services and dedicated to client success.

What We Offer

- **Professional Growth**: Advance your career with our leadership programs, diversity training, and opportunities for promotion. - **Innovative Culture**: Be part of a culture that thrives on innovation and continuous improvement. - **Competitive Benefits**: Enjoy a comprehensive benefits package that supports the health and well-being of you and your family. - **Networking and Mentorship**: Engage with industry leaders and gain valuable insights through structured networking events and mentorship.

Join Our Team

Bright House Financial, LLC is looking for curious, creative, and solution-driven team players. Explore job opportunities that match your skills and interests. We value the unique contributions of each employee and are excited to see how your skills and ideas can help shape the future of our company.

Prepare for Your Interview

Ready to join our team? Prepare your resume to highlight your relevant experience and skills. Our interview process is designed to understand your capabilities and how they align with the goals of Bright House Financial, LLC. We look forward to learning about your professional journey and discussing how you can contribute to our team.

Stay Connected

Keep up to date with the latest news, career tips, and industry insights from Bright House Financial, LLC. Subscribe to our careers blog and personalize your subscription to receive job alerts and insider tips tailored to your preferences.

Discover Bright House Financial, LLC

Explore the exciting and rewarding career opportunities at Bright House Financial, LLC. See what positions are available and how you can contribute to our mission of delivering exceptional financial services.

SEARCH BRIGHT HOUSE FINANCIAL JOBS

Join us at Bright House Financial, LLC, where your career is just as important to us as it is to you. Let’s build a brighter future together.
Learn more about Bright House Financial, LLC
Size
1,500 employees
Market Cap
$3.5 billion
Industry
Finance & Insurance
Net Income
-$1 billion
5 Year Trend
-7.1%
Revenue
$8.5 billion
NASDAQ
BHF
* Ladders Estimates

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