Senior Technical Accounting Specialist

Senior Technical Accounting Specialist

Position Description

The Senior Technical Accounting Specialist serves as the organization's subject matter expert on Statutory Accounting Principles (SAP), GAAP, IFRS (International Financial Reporting Standards), NAIC reporting requirements, and insurance investment accounting regulations.

This role provides technical leadership and guidance to investment accounting teams, portfolio managers, operations professionals, and insurance company clients regarding the accounting and reporting implications of investment transactions and emerging regulatory developments.

The specialist is responsible for interpreting statutory, GAAP, and IFRS accounting guidance, ensuring regulatory compliance, managing complex accounting matters, and advising stakeholders on the impact of investment strategies across insurance company investment portfolios.

The position acts as the primary resource for technical accounting consultations involving fixed income securities, structured products, derivatives, alternative investments, and regulatory reporting requirements.

Position Role and Responsibilities:

Technical Statutory, GAAP, and IFRS Accounting Leadership

Serve as the firm's subject matter expert on:

Statutory Accounting Principles (SAP), GAAP and IFRS

NAIC Accounting Practices and Procedures Manual

Annual Statement Instructions

Schedule D, BA, DB and E reporting requirements

SSAP guidance and interpretations

Insurance investment accounting regulations

Research, interpret and communicate the impact of new NAIC guidance, SSAP updates, and statutory reporting requirements.

Develop and maintain accounting policies, procedures, and technical accounting memoranda.

Provide formal accounting conclusions and recommendations for complex investment transactions.

Regulatory & Compliance Oversight:

Ensure compliance with all investment accounting and reporting requirements across all basis of accounting.

Review complex statutory filings and regulatory disclosures.

Partner with compliance, legal, and investment teams regarding regulatory changes that affect insurance company investment portfolios.

Assess accounting and reporting implications of new investment products and structures.

Advisory & Consultation

Act as the primary escalation resource for:

Complex fixed income transactions

Structured securities

Mortgage-backed and asset-backed securities

Private placements

Derivatives

Alternative investments

Impairment analyses

NAIC designation issues

Provide accounting guidance to portfolio managers, traders, operations personnel, and client service teams.

Lead discussions with insurance company clients, regulators, auditors, and consultants on technical accounting matters.

Audit & Client Support:

Serve as the lead accounting resource during external audits and regulatory examinations.

Review and support annual statement preparation and regulatory filings.

Respond to technical accounting inquiries from clients and external auditors.

Prepare accounting white papers and client communications regarding regulatory developments.

Strategic Leadership:

Monitor industry developments and emerging insurance regulatory trends.

Oversee the development and enhancement of the reporting framework in coordination with IT to ensure accuracy and completeness of all regulatory reporting and disclosures.

Train and mentor investment accounting professionals on accounting requirements and best practices.

Represent the organization in industry working groups and professional associations when appropriate.

Qualifications

Bachelor’s degree in accounting or finance.

CPA strongly preferred.

8-15+ years of insurance investment accounting experience.

Recognized statutory, GAAP and IFRS accounting expertise.

Exceptional technical research and writing skills.

Ability to influence senior stakeholders and clients.

Strong presentation and training capabilities.

Sound professional judgment in interpreting complex regulations.

Strategic and solution-oriented mindset.

Significant experience with:

Statutory, GAAP and IFRS accounting and reporting.

Insurance company investment portfolios.

Schedule D reporting.

Fixed income asset management.

Insurance regulatory requirements.

Salary Range
150,000.00 - 200,000.00

Base pay is one component of our total compensation package. In addition to base salary, employees may be eligible for benefits including medical, dental, and vision coverage, a retirement plan, paid time off, sick leave, holidays, and bonus or incentive compensation, where applicable. The actual rate of pay offered will depend on a variety of factors, including, but not limited to, skills, experience, education, certifications, geographic location, and business needs. The compensation range listed reflects the range the Company reasonably expects to pay for this position at the time of posting.

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.