Senior Investment Accountant - Legal & General America

At Legal & General America (LGA), we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we’re working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

The Senior Investment Accountant will review or prepare accurate monthly, quarterly, and annual accounting of all investment asset classes (including public and private fixed income securities, commercial mortgage loans, private equity funds, derivatives, joint ventures, US and offshore subsidiaries, etc) for Legal and General America (LGA) and subsidiaries under US Statutory, International Financial Reporting Standards (IFRS), and Bermuda statutory accounting bases. Review or prepare static and ad hoc investment reports for a variety of audiences:  the LGA and subsidiary Boards of Directors, L&G and LGA governance bodies, regulators, auditors (external, state, and internal), rating agencies, and other internal customers.  Ensure maintenance of robust internal control practices and procedures and internal control reporting. Support the Manager, Investment Reporting, with interacting between LGIMA and the external asset managers.

Essential Responsibilities.

1. Review or prepare and ensure accuracy of the investment settlement, accounting and reporting processes under both US statutory and IFRS bases of accounting.

1. Liaise with internal and external investment management to coordinate trade processing banking contacts. Coordinate external management reporting.

1. Assist in the performance of external audit and state financial examinations, and responding to ad hoc state regulator information requests.

1. Responsible for external investment reporting components of regulatory filings.

1. Review or prepare reports as requested by internal customers, such as Actuarial Valuation, Financial Planning & Analysis, or our L&G counterparts.

1. Clearwater implementation project and document new processes and procedures. Review or prepare all entities’ investment transaction Board materials and submit timely for distribution to Board members prior to Board meetings.

1. Review or prepare investment reporting sections of submissions to federal government agencies and rating agencies. Assist with rating agency survey data as they relate to investment reporting.

1. Prepare all filings associated with the management of subsidiaries created to handle surplus relief reinsurance and/or capital markets transactions (including captive reinsurance companies, SPV trusts, etc.).

1. Prepare reports associated with other than temporarily impaired securities and recommend approaches for quarterly assessment of OTTI adjustments.

1. Support surplus relief initiatives and underlying investment reporting. Prepare and coordinate communications required as a result of capital markets transactions, including those with financial guarantors, trustees, asset custodians, rating agencies, and investment managers. Ensure compliance with all contractual requirements associated with the surplus relief reinsurance transactions. 

Qualifications:

Education

BS in Accounting  

CPA preferred

Experience/Knowledge

3-5 years progressive accounting experience

Knowledge of Clearwater preferred

Public Accounting experience (2-5 years preferred)

Knowledge of US Statutory Accounting and/or IFRS Principles preferred

Skills

Strong analytical and problem-solving skills

Excellent oral and written communication skills

Advanced PC skills (Excel, SQL, Power BI) preferred

Reports To

            Manager, Investment Accounting

What’s in it for you?

The expected hiring compensation range for this position is $88,300 - $121,375. annually. 

The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses.  This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 8% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date.  This role has 15 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.

We have a competitive compensation and benefits package focused on your overall wellbeing.  Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff).  We’re big on professional development and we’ll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you!

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.