Komadix Hiring for Assistant VP of Investment Accounting Job at Cedar Rapids, IA Full Time

We are looking for an Assistant Vice President of Investment Accounting for a direct hire position located in Cedar Rapids, IA.

Responsibilities:

• ​This position is the primary liaison with the company’s TPA’s, brokers and other investment advisors/managers and provides critical leadership in building the necessary infrastructure, reporting and analysis capabilities while also ensuring timely and accurate reporting each month

• ​Review and challenge the investment data received from the TPAs and other data sources. Review all data for accuracy while also gaining an understanding of underlying drivers of investment results and communicate to senior management

• ​Review the valuation of investments and ensure that it is consistent with the company policy and current accounting guidelines

• ​Quarterly review the investment portfolio and evaluate for potential impairments

• ​Oversee the coordination of the automated feeds of investment data from the TPAs and other data sources

• ​Analysis of investment financial results

• ​Provide the appropriate investment reporting and analysis on a monthly basis to the company’s senior management, including the Chief Investment Officer and Chief Financial Officer

• ​Approves accruals and journal entries, review reconciliation of sub-feeds, and recording data in the GL, etc.

• ​Work with the company’s Treasury and investment portfolio managers

• ​Develop and maintain of all investment related policies, including accounting, valuation, impairments and operational

• ​Research of accounting literature for new investment products or scenarios, document the conclusions and work with the company’s independent auditors to gain approval

• ​Monitor changes in accounting principles to determine the impact on the company’s current investment portfolio and/or future investment strategies. Research, document and provide a recommendation on approach

• ​Prepare quarterly and annual regulatory reporting including preparation of footnotes and disclosures related to investments as well as coordination of input from other areas
• Provide detailed support of investment information basis to independent auditors
• Part of the development of initial PGAAP investment balance sheet and underlying GAAP processes for ongoing operations
• ​Provide input to structure of the GL/other data systems to meet the company’s current and future reporting needs

• ​Supervise the reconciliation of investment balance sheet accounts from various data sources. Supervise the development, documentation and implementation of controls and procedures in accordance with Sarb-Ox and MAR

Experience:

• Bachelor’s degree with a concentration in finance or accounting is required
• CPA, CFA and/or MBA is strongly preferred
• 10 to 15 years of investment accounting experience, with at least half of the experience managing an investment accounting function
• Bachelor’s degree with a concentration in finance or accounting

Skills/Competencies:

• Strong leadership, people management, communication and interpersonal skills
• Ability to collaborate with key partners and business leaders
• Proven track record of constant process improvement and innovation
• Demonstrated ability to deliver results under pressure in a tight timeframe
• Strong understanding of complex investments, including but not limited to: derivatives, private placements, commercial mortgage loans, private equity securities
• An in-depth knowledge of financial reporting and related close cycle in the general ledger
• Expertise in accounting systems and controls
• Solid understanding of the accounting requirements for investment products
• Broad and deep knowledge of complex investments, including but not limited to: derivatives, private placements, commercial mortgage loans, private equity securities

Job Type: Full-time

Pay: $130,000.00 – $160,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• 457(b)
• Dental insurance
• Disability insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Supplemental Pay:

• Bonus pay

Application Question(s):

• What type of industry experience do you have?

Experience:

• Investment Accounting: 10 years (Preferred)

Work Location:

• One location

Work Remotely:

• Temporarily due to COVID-19