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VP, Alternative Investment Accounting & Reporting
senior · Audit & Accounting
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Job Summary
We are seeking a Vice President, Alternative Investment Accounting & Reporting to join our Investment Accounting team in White Plains, NY. This individual will oversee all accounting, reporting, valuation oversight, and operational activities associated with the Company's approximately $7 billion alternative investment portfolio under both U.S. GAAP and U.S. Statutory Accounting Principles (SAP).
The successful candidate will partner closely with segment controllers, portfolio management, finance leadership, and the Company's outsourced investment accounting provider, Clearwater Analytics, to ensure the timely and accurate reporting of alternative investments. This individual will also lead a remote team and play a key role in investment accounting transformation initiatives, process optimization, and regulatory reporting enhancements.
The ideal candidate will possess strong technical investment accounting expertise, exceptional communication skills, a strategic mindset, and a proven ability to manage multiple priorities in a dynamic environment.
This position reports to SVP, Head of Investment Accounting & Regulatory Compliance and is based in White Plains, New York.
Job Responsibilities
Lead all accounting, reporting and analytical activities related to Company’s alternative investment portfolio including Private credit, equity, real estate, Hedge fund, and Derivative instruments.
Own the quarterly valuation governance and review process for alternative investments including coordination with portfolio managers, valuation specialist, and external service providers.
Ensure accurate reporting under both USGAAP and US Statutory Accounting principles.
Manage team responsible for daily operations of alternative investments, including review of all limited partnership statements/notices received and reconciling eFront/Lpx daily.
Overall responsible for Schedule BA for NAIC reporting and all additional disclosures related to the Company’s alternative investment portfolio.
Assist the investment accounting team in analyzing monthly and quarterly investment accounting reports related to the investment portfolio as required by executive management, including financial reports such as Forms 10-K and 10-Q and other SEC filings, and/or earnings releases, and the investment disclosures provided there within.
Provide expertise in using our new Clearwater Analytics system to analyze and report on the financial results of our investment portfolio.
Drive efficiency, timeliness, and accuracy in the investment accounting process by strong integration with internal and external resources using technology.
Work closely with our internal auditors in monitoring and documentation of internal controls (SOX) and external auditors to provide timely and accurate information over financial reporting related to investment accounting.
Stay abreast of investment related reporting and compliance / regulatory changes that may impact the alternative reporting process. Assist in the implementation of regulatory changes to reporting processes not limited to Principal Based Bond Project.
Desired Skills/Experience
- Strong analytical, documentation, and organizational skills
- Advanced proficiency and experience using Microsoft Office Suite: Excel, Access, PowerPoint
- Experience working with investment accounting systems such as Clearwater, CAMRA or PAM is preferred.
- Capable of delivering results both independently and as part of a team.
- Excellent people skills, capable of interacting effectively at all levels within the company.
Required Skills/Experience
15+ years’ experience in investment accounting within the insurance industry or asset management firm
Experience with the following products is a plus: Aladdin applications, Xceptor, E-front and Clearwater Analytics.
Strong knowledge of US Statutory and US GAAP reporting.
Knowledge of various investment types including Fixed Income, Structured Products, Derivatives, Securities lending, and Alternate Investments.
Must be able to travel periodically and meet with outsourced investment accounting provider and others in Idaho, New York, Bermuda and other locations.
Education
Bachelor’s degree in accounting
CPA, CA or MBA is preferred.
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
For White Plains: $229,806 - $310,914/year
Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
10200 Arch Capital Services LLC