Investment Accounting
Investment Accounting
Posted on :
04-11-2024
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Job Description
Overview:
TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients worldwide.
Title: Investment Accounting
Work Location: Remote
Duration: 12 Months
Job Type: Contract
Work Type: Remote
Shift: 1st Shift
Job Description:
- The Investment Accounting group will be responsible for the accounting and reporting for the clients invested Assets which includes private equity hedge funds commercial residential loans and equity securities.
- The teams specific responsibilities include reconciliation of transactional data from various sub ledgers Clearwater Investran and LMS to the general ledger and ultimately the clients financial statements as well as all related external reporting for investments 10Q 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 invested assets establishing the accounting for new transactions or new investment types and management of the risks controls and audit as it relates to investments and Investment FP&A.
Responsibilities:
- Manage the accounting processes related to the monthly and quarterly accounting close to ensure accuracy of invested assets data.
- Manage the preparation of statement of cash flows for investments
- Manage the preparation of certain Investment disclosures for 10Q K and Financial Supplement. These include all Investment Lending Fair Value VIE Footnotes and Investment MD A.
- Lead in new initiatives for process improvements in coordination with other areas of the department organization.
- Manage annual investment related NAIC STAT reporting exhibits schedules and disclosures
- Point of contact and support for the various business unit and corporate controllers.
- Coordinate with various areas in the organization to develop an understanding of new investment transactions and to provide guidance support that ensures the accounting results from these investments are accurately recorded in the client ledgers across multiple basis GAAP and STAT
- Support management with ad hoc L R Separation from client requests
- Prepare accurate net asset values (NAVs) yields distributions and other fund accounting outputs for subsequent review.
- Prepare review and analyze financial reporting including GAAP financial statements (under both historical and investment company accounting) cash flows budgets REIT reporting and other project specific reporting.
- Calculate and review LP/GP investor allocations including incentive fees management fees waterfall calculations and IRRs. Capital Call/Distribution management.
- Coordinate and monitor external audit process.
- Proactively identify and resolve accounting reporting and tax issues.
- Manage jointventure partner relationships including review of monthly financial statements
Key Skill Set:
- Minimum of 510 years experience in one or a combination of the following Insurance Financial Services and or Finance Accounting
- Bachelors degree with a major in a quantitative field e.g. Finance Accounting Math Statistics advanced degree or CPA a plus
- Work experience with a Big 4 or other internationally recognized CPA firm a .
- Experience in accounting and reporting for investments
- Demonstrated experience with financial reporting/financial statement presentation budgeting transaction analysis.
- Knowledge of fixed income and equity securities.
- Strong knowledge and experience of financial instruments including fixed income and equity securities loans alternative investments
- Strong knowledge and experience of GAAP accounting pronouncements GAAP and insurance statutory disclosure and reporting requirements for invested assets
- Experience in controllership or financial reporting role at a public company insurance sector experience a plus
- Experience developing executive level presentation materials
- Excellent computer skills including Yardi Microsoft Office Suite and Advanced Excel skills.
TekWissen Group is an equal opportunity employer supporting workforce diversity.
Employment Type
Full Time
Key Skills
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