About Kuvare
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers' retirements, and are simplified for distributor partners and financial professionals to sell and service.
Kuvare family of companies:
Retail Annuity and Life Insurance Solutions:
- United Life Insurance Company
- Guaranty Income Life Insurance Company
- Lincoln Benefit Life
Institutional Insurance:
- Kuvare Life Re
Bespoke Insurance Solutions:
- Ignite Partners
About the role
The Investment Accountant is responsible for ensuring the proper accounting and reporting for Kuvare's complex portfolio of investments, performing detailed analysis of investment results and communicating to senior management. The person in this role is a critical partner with the TPAs, brokers and investment advisors/managers and is responsible for the accuracy of the investment information in regulatory filings and the financial statements and related disclosures. This role also interacts with actuarial and other areas within the Company to provide investment information that is complete, accurate, and timely. Supervision of accountants or other positions on either a project level or on a full-time reporting basis is possible.
What you'll do
·Review the investment portfolio on a quarterly basis and evaluate for potential impairments on a STAT and GAAP basis and work closely with the members of the Impairment Committee and asset managers to determine the amount of any OTTI, if any
Financial Reporting and Analysis
·For each monthly, quarterly and annual reporting period, review and challenge the investment data received from the TPAs. Review all data for completeness and accuracy while also gaining an understanding of underlying drivers of investment results and communicate to senior management
·Reconciliation of federal home loan bank activity to financial results
·Statutory and GAAP footnote disclosures on a quarterly basis including support provided to outside auditors
·Oversee the coordination of the automated feeds of investment data from the TPA's into the quarterly statutory financial statements
·Preparation of risk-based capital on an annual basis related to investment results
·Ensure data integrity of financial data
·Work with custodians and brokers to obtain investment data and resolve issues related to reconciling items
·Onboarding of internally managed securities
·Cash flow analytics on a quarterly basis
·Prepare internal audit committee materials and managerial reports for quarterly and annual BOD meetings
·Ensure timely clearing of suspense items and items in the payables and receivables accounts
·Track limited partnership activity and reconcile to financial statements ensuring mark to market accounting is processed correctly
·Prepare accruals and journal entries, reconcile sub-feeds and record data in the GL
·Analysis of investment financial results on statutory/GAAP basis – including working with various areas such as risk/actuarial, external investment managers, operations, etc.
·Reconcile investment balance sheet accounts from various data. Develop, document and implement controls and procedures in accordance with Sarbanes-Oxley and Model Audit Rule (MAR)
Relationship Management
·Liaison with the Company's Treasury, asset managers in addition to other external investment partners
·Maintain structure of the GL/other data systems to meet the Company's current and future reporting
·Understand all investment related policies, including accounting, valuation, impairments and operational
Upon request, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Qualifications
·Bachelor's degree with a concentration in finance or accounting.
·CPA, CFA and/or MBA is strongly preferred
·3-5 years of investment accounting experience within the insurance industry
·Experience with life insurance, annuity products and/or reinsurance is desired
Skills/Competencies
·Strong leadership, people management, communication and interpersonal skills
·Ability to collaborate with key partners and business leaders
·Proven track record of constant process improvement and innovation.
·Demonstrated ability to deliver results under pressure in a tight timeframe
·Strong understanding of complex investments, including but not limited to: derivatives, private placements, commercial mortgage loans, private equity securities
·An in-depth knowledge of financial reporting and related close cycle in the general ledger
·Expertise in accounting systems and controls typically found in the insurance industry
·Solid understanding of the accounting requirements for investment products in accordance with statutory and GAAP accounting principles
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