Senior Technical Accounting Specialist
Position Description
The Senior Technical Accounting Specialist serves asthe organization's subject matter expert on Statutory Accounting Principles(SAP), GAAP, IFRS (International Financial Reporting Standards), NAIC reportingrequirements, and insurance investment accounting regulations.
This roleprovides technical leadership and guidance to investment accounting teams,portfolio managers, operations professionals, and insurance company clientsregarding the accounting and reporting implications of investment transactionsand emerging regulatory developments.
The specialist is responsible for interpretingstatutory, GAAP, and IFRS accounting guidance, ensuring regulatory compliance,managing complex accounting matters, and advising stakeholders on the impact ofinvestment strategies across insurance company investment portfolios.
Theposition acts as the primary resource for technical accounting consultationsinvolving fixed income securities, structured products, derivatives,alternative investments, and regulatory reporting requirements.
PositionRole and Responsibilities:
Technical Statutory, GAAP, and IFRS Accounting Leadership
Serve as the firm's subject matter expert on:
Statutory Accounting Principles (SAP), GAAP andIFRS
NAIC Accounting Practices and Procedures Manual
Annual Statement Instructions
Schedule D, BA, DB and E reporting requirements
SSAP guidance and interpretations
Insurance investment accounting regulations
Research, interpret and communicate the impact of new NAIC guidance, SSAP updates, and statutory reporting requirements.
Develop and maintain accounting policies, procedures, and technical accounting memoranda.
Provide formal accounting conclusions and recommendations for complex investment transactions.
Regulatory& Compliance Oversight:
Ensure compliance with all investment accounting and reporting requirements across all basis of accounting.
Review complex statutory filings and regulatory disclosures.
Partner with compliance, legal, and investment teams regarding regulatory changes that affect insurance company investment portfolios.
Assess accounting and reporting implications of new investment products and structures.
Advisory& Consultation
Act as the primary escalation resource for:
Complex fixed income transactions
Structured securities
Mortgage-backed and asset-backed securities
Private placements
Derivatives
Alternative investments
Impairment analyses
NAIC designation issues
Provide accounting guidance to portfolio managers, traders, operations personnel, and client service teams.
Lead discussions with insurance company clients, regulators, auditors, and consultants on technical accounting matters.
Audit& Client Support:
Serve as the lead accounting resource during external audits and regulatory examinations.
Review and support annual statement preparation and regulatory filings.
Respond to technical accounting inquiries from clients and external auditors.
Prepare accounting white papers and client communications regarding regulatory developments.
StrategicLeadership:
Monitor industry developments and emerging insurance regulatory trends.
Oversee the development and enhancement of the reporting framework in coordination with IT to ensure accuracy and completeness of all regulatory reporting and disclosures.
Train and mentor investment accounting professionals on accounting requirements and best practices.
Represent the organization in industry working groups and professional associations when appropriate.
Qualifications
Bachelor's degree in accounting or finance.
CPA strongly preferred.
8-15+ years of insurance investment accounting experience.
Recognized statutory, GAAP and IFRS accounting expertise.
Exceptional technical research and writing skills.
Ability to influence senior stakeholders and clients.
Strong presentation and training capabilities.
Sound professional judgment in interpreting complex regulations.
Strategic and solution-oriented mindset.
Significantexperience with:
Statutory, GAAP and IFRS accounting and reporting.
Insurance company investment portfolios.
Schedule D reporting.
Fixed income asset management.
Insurance regulatory requirements.
Salary Range150,000.00 - 200,000.00
Base payis one component of our total compensation package. In addition to base salary,employees may be eligible for benefits including medical, dental, and visioncoverage, a retirement plan, paid time off, sick leave, holidays, and bonus orincentive compensation, where applicable. The actual rate of pay offered willdepend on a variety of factors, including, but not limited to, skills,experience, education, certifications, geographic location, and business needs.The compensation range listed reflects the range the Company reasonably expectsto pay for this position at the time of posting.
We currently offer a hybrid schedule with M/F remote and T/W/TR in the officein Farmington, CT.
**NEAM does not offer tax/legal advice.
