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Senior Investment Accountant

Location: 

New Haven, CT, US, 06510

Category:  Finance, Data & Analytics

Feel Good About Doing Good

The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.

 

While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East.  We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.

 

Share Your Talent. Live Your Purpose.

We are a growing and purpose-driven community of professionals. Join us to discover how you can meet your goals and ours!

Overview

Responsible for accounting for investments of all entities, including the General Fund (US and Canada), non-profit charitable entities, 4th degree fund, and pension portfolios. Provides supervision of and guidance to Investment Accountant. Maintains monthly accounting for alternative investments and communicates directly with investment managers to ensure proper accounting of capital contributions and distributions and investment income. Performs or reviews monthly account reconciliations along with preparing and maintaining various control reports associated with the Investment Accounting operations. Reviews quarterly financial statement workpapers prepared by Investment Accountant in Workpaper Manager. 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

  • Maintains effective controls for monitoring transactions of investment securities from Bloomberg system into investment accounting systems. Coordinates with Investment Accountant, Investment Department, custodial banks, and Clearwater to ensure clearance if a problem arises with a transaction.
  • Performs monthly closings for investment accounting software systems, general ledger interface feeds and reconciliation of the investment accounting subsidiary investment ledgers to the general ledger. Oversees the reconciliation process of the Bloomberg and investment accounting software systems. Performs control checks of information reported in investment accounting system to ensure accuracy and completeness. Monitors input work from the Investment Department.
  • Maintains the accounting for alternative investments, ensuring that capital contributions and distributions, investment income, and capital commitments are recorded accurately in the general ledger and financial statements. Interacts with Investment Department and external investment managers as needed.
  • Supervises work of Investment Accountant and provides training and education on job responsibilities and business operations.
  • Performs analysis of investment results, trends, and other metrics as requested.
  • Prepares or oversees preparation of investment related footnotes in audited financial statements for all entities and funds.
  • Prepares or reviews quarterly and annual workpapers used to support the investments related financial statement close process in Workpaper Manager.
  • Prepares monthly, quarterly, or year-end schedules as requested by management, external auditors, and various year-end surveys.

Skills Qualifications

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
  • Organizational and coordination skills to support multi-tasking
  • Strong oral and written communication skills
  • Advanced analytical and problem-solving skills Systems/Technical Knowledge:
  • SAP, Workbench, SOVOS - Wings and Impromptu
  • Bloomberg system, PAM for Mortgages, Clearwater Analytics
  • Microsoft Office, including Word, Excel and PowerPoint

Education

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

Physical Demands

Must be able to remain in a stationary position for a majority of the workday.

KofC Cares

Our mission is focused on family and faith, and we support our employees in seeking a balanced life.

 

Employee benefits include:

 

Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules.

 

Professional Development: Certifications, designation, and tuition reimbursement.

 

Retirement Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company.

 

Health and Wellness:

 

  • Short-term disability and term life insurance fully paid for by the company;
  • Up to 12 weeks of childbirth leave under STD policy.
  • One week of fully paid parental leave for all new parents, including adoptive and foster parents.
  • A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions. The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage.
  • Long-term disability insurance;
  • Dental insurance;
  • Vision insurance;
  • Health club membership reimbursement;
  • Employee Assistance Program

 


Nearest Major Market: New Haven
Nearest Secondary Market: Hartford