The Investment Accounting group is responsible for the accounting and reporting for the client's invested Assets, which includes private equity, hedge funds, commercial residential loans and equity securities. The team's specific responsibilities include reconciliation of transactional data from various sub ledgers Clearwater, Investran, and LMS to the general ledger and ultimately the client s 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.
Key Responsibilities:
Manage the accounting processes related to the monthly and quarterly accounting close to ensure accuracy of invested assets data specifically work on real estate funds and review property financials
Manage the preparation of statement of cash flows for investments (Real Estate Funds)
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
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.
Experience working with REITs accounting and financial statement preparation (Real estate investment trust) - preferred
Manage joint-venture partner & property managers relationships including review of monthly financial statements and coordination with properties manager.
Basic Qualifications:
Minimum of 5 years' experience in one or a combination of the following Insurance, Financial Services, and or Finance Accounting
Preferred Skills Qualifications:
Bachelor's 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, US GAAP and US 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
Professional Qualifications:
Comfort with uncertainty and fluidity, and can work in an agile manner
Strong written and oral communication skills
Superior organizational skills and ability to multitask with a variety of systems and processes to meet competing deadlines
Highly motivated, attention to details, strong quantitative and analytic skills
Strong analytical and critical problem-solving skills
Ability to manage a broad range of stakeholders
Self-starter, and a team player with ability to communicate with teams with various backgrounds
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, District of Columbia, Illinois, Maryland, Minnesota, New Jersey, 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 $63,800 to $154,800
Colorado $63,800 to $133,700
District of Columbia $68,000 to $142,400
Illinois $59,100 to $133,700
Minnesota $63,800 to $133,700
Maryland $63,800 to $133,700
New York/New Jersey $59,100 to $154,800
Washington $68,000 to $142,400
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