Senior Investment Accountant

Overview

Responsible for the investment accounting for KofC (Knights of Columbus) and its related entities. Prepares monthly account reconciliations utilizing the control reports associated with the Investment Accounting operations and tying financial information back to SAP. Performs medium-to-complex level analysis of investment related items, including analysis of fair and book values, unrealized and realized gains/losses, investment income, and other items as needed. Responsible for the preparation of quarterly and year-end schedules for external audit and year-end surveys from rating agencies and associations. Prepares or oversees preparation of investment related footnotes for audited financial statements for all entities and funds.

Core Responsibilities

• Perform the daily and monthly processing, reconciliation, and reporting functions for traditional and complex asset types.
• Prepare and perform controls on monthly reporting and GL feeds for US GAAP, US STAT, and IFRS
• Prepare investment related quarterly and annual IFRS and Statutory regulatory reporting and disclosures.
• Understand GAAP/IFRS/STAT guidance to support strategic investment operations and initiatives.
• Perform investment research, analysis and proper accounting treatment.
• Review and resolve differences on reconciliations against book and record source, custodians and other data sources as they apply.
• Identify opportunities to enhance current production processes.
• Address ad hoc inquiries from internal and external sources.
• Document and cross train others.
• Liaise with internal and external teams daily. 
• Monitor and analyze and document investment income, realized capital gains/losses, invested assets and liabilities, as well as other investment data elements.

Skills Qualifications

• Solid understanding of practical application of accounting rules for investments under US GAAP, US STAT and IFRS.
• Strong background with simple and complex investment products.
• Proven ability to meet daily/monthly/quarterly/annual deliverables.
• Strong oral and written communication skills.
• Ability to multitask effectively and work independently with sense of urgency.
• Strong analytical skills and ability to remain highly organized in a deadline driven environment.
• Proficiency with Microsoft Office; advanced skill in Excel required.
• Accuracy and detail orientation
• Knowledge of investment products and ability to analyze investment holdings and earnings.
• Knowledge of IFRS and US GAAP accounting and reporting
• Knowledge of NAIC requirements and statutory accounting
• Exposure to large-scale enterprise, financial systems (e.g., SAP)
• SOVOS (Wings), Bloomberg, Precision for Mortgages, Clearwater Analytics
• Microsoft Office, including Word and Excel

Education

• BS in Accounting
• 4-6 years investment accounting experience, preferably within an insurance company, or equivalent combination of training and experience Preferred:
• CPA preferred

Compensation

The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational needs.  The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location.  At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $85,400-$140,900.

Physical Demands