Investment Accountant
Position Description
This position will be responsible for monthly investment accounting, book close, account reconciliation and analysis, and an understanding of accounting principles, practices, and procedures to deliver accurate and timely financial reports.
This position must meet tight deadlines and a multitude of investment accounting activities including transaction processing and cash reconciliation.
The position will have contact with clients, NEAM’s portfolio managers, and the firm’s Chief Executive Officer, which requires strong interpersonal communication skills to provide excellent customer service.
Primary responsibilities include:
Prepares monthly investment report package on a timely basis for STAT, GAAP, IFRS and other bases
Prepares statutory quarterly and annual Schedule D regulatory reports and GAAP financial and footnote packages for investment accounting clients with prompt regard for established deadlines
Performs daily reconciliation of accounts to the custodial and/or external manager record including cash, trades, income and dividends, special deposits, etc., including communication with clients and custodians to clarify and resolve discrepancies
Obtains and maintains a thorough understanding of the client’s general ledger structure
Monitors and analyzes their own work to develop more efficient procedures while maintaining a high level of accuracy
Responds to inquiries from the clients, their auditors, and NEAM’s portfolio managers regarding financial results, special reporting requests, etc. in a timely manner
Assist in the development and implementation of new procedures to enhance the workflow of the department
Review the PIK schedules on file and anticipate and record the daily activity
Maintains monthly performance results of clients’ portfolios
Collaborate with the other investment accountants to support overall department goals and objectives
Intellectual curiosity and openness to utilize AI-enabled tools to enhance operational efficiency.
Qualifications
BA/BS in Business with an emphasis in accounting required, CPA desired but not required.
5 years of experience in Insurance or Financial Services in accounting preferred
Strong ability to work under pressure and meet required deadlines
Must be PC proficient and able to thrive in a fast-paced setting
Must have developed experience with Microsoft Excel (Vlookup, macros, pivot tables, etc.)
Solid verbal and written communication skills
Ability to multi-task and stay organized
Strong interpersonal and customer service skills required
SQL report writing experience desired
About US
For more information about NEAM please visit our website at www.neamgroup.com.
NEAM is a wholly owned subsidiary of General Re Corporation, which is a subsidiary of Berkshire Hathaway Inc. NEAM has developed proprietary decision-making tools and specialized services enabling the delivery of asset and capital management solutions to clients within the context of evolving regulatory, accounting and tax issues faced by insurance companies today.**
The firm’s culture is team oriented, collaborative, transparent, and
intellectually curious.
We currently offer a hybrid schedule with M/F remote and T/W/TR in the office
in Farmington, CT.
**NEAM does not offer tax/legal advice.
It is the continuing policy of New England Asset Management to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veteran status, citizenship, sexual orientation, gender identity, or any other characteristic protected by the applicable law. In addition, New England Asset Management provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.