Vice President, Investment Accounting Policy US-Jersey City - Finance - Accounting Policy
Socotra, Inc.
Job Description
Responsibilities
Serve as the technical specialist for complex investment asset classes and structures under the requirements of U.S. GAAP and U.S. Statutory accounting with specific expertise in ASC 810 Consolidation, ASC 815 Derivatives and Hedging, ASC 323 Equity Method and Joint Ventures, ASC 860 Transfers and Servicing of Financial Assets.
Main point of contact for the investment office for complex transactions and structures for investments within these complex strategic asset classes, defining the related accounting and collaborating with the financial reporting team regarding operational set up to ensure execution of these results adheres to GAAP.
Proactively adopt and integrate AI‑powered tools and platforms into research and execution workflows as a force multiplier for research productivity and insight generation.
Be a trusted resource for the investment accounting team regarding all technical accounting matters relating to the Company’s investment portfolios.
Assist in researching, assessing, and documenting the accounting implications for significant or unusual transactions, leveraging standard templates.
Monitor, analyze, and document developments (including new standards) from the FASB, SEC and NAIC that could impact the Company’s accounting policies, practices, and disclosures.
Contribute to the documentation of financial processes and controls to promote compliance with the Company’s internal control program, with a specific focus on technical accounting matters.
As necessary, assist team members providing real‑time advice regarding U.S. GAAP and U.S. Statutory accounting policy implications to support the corporate development process for new transactions, including the investment side of new reinsurance transactions.
Providing training and coaching to new and existing staff as needed.
Other related duties, as assigned.
Qualifications
Bachelor’s Degree and an internationally recognized accounting designation (CPA or CA) required.
Minimum of 8 years of experience, relevant investment background preferred. Significant public accounting firm experience preferred. Insurance sector exposure preferred.
Demonstrable experience with accounting for complex investment asset classes and structures, including specific expertise in the consolidation assessment of private equity asset structures under the variable interest and voting interest consolidation models.
Strong written and communication skills, including ability to represent the technical accounting positions with our private equity and asset manager vendors.
Ability to work at a fast pace and handle shifting priorities.
Detail oriented and highly organized with outstanding technical memorandum writing ability.
Possess strong research, communication, and analytical skills.
Ability to work independently and collaboratively.
Ability to keep abreast of developments in U.S. GAAP and U.S. Statutory accounting guidance and SEC regulations.
Supports our core values by communicating and teaming effectively across different cultures and levels within the organization.
Salary and Benefits
Base salary range: $176,000 – $196,000 USD. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
Equal Opportunity Statement
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
#J-18808-Ljbffr