Investment Accounting Manager

3 weeks ago


Farmington, New Mexico, United States Arch Capital Group Ltd. Full time
Job Summary

We are seeking a highly skilled and experienced Investment Accounting Manager to join our team at Arch Capital Group Ltd. in White Plains, NY.

This individual will be responsible for overseeing the daily investment accounting operations for our alternative investment portfolio, valued at approximately $5 billion, for US GAAP and US Statutory reporting purposes.

The successful candidate will have strong analytical and communication skills, with the ability to multitask and manage a remote team.

Key Responsibilities
  • Accounting, reporting, and analysis functions surrounding alternative investments on US Statutory and US GAAP basis
  • Manage team responsible for daily operations of alternative investments, including review of limited partnership statements and reconciliations
  • Responsible for Schedule BA for NAIC reporting and additional disclosures related to the alternative investment portfolio
  • Assist in analyzing monthly and quarterly investment accounting reports, including financial reports and SEC filings
  • Provide expertise in using Clearwater Analytics system to analyze and report on investment portfolio financial results
  • Drive efficiency, timeliness, and accuracy in investment accounting process through integration with internal and external resources using technology
  • Work closely with internal auditors to monitor and document internal controls (SOX) and external auditors to provide timely and accurate information for financial reporting
  • Stay up-to-date with investment-related reporting and compliance/regulatory changes that may impact alternative reporting process
Requirements
  • 10+ years' experience in investment accounting within insurance industry or asset management firm
  • Experience with 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
  • Ability to travel periodically and meet with outsourced investment accounting provider and others in various locations
Education
  • Bachelor's Degree in Accounting
  • CPA, CA, or MBA preferred

This is a challenging and rewarding role that requires a strong understanding of investment accounting principles and practices. If you are a motivated and detail-oriented individual with a passion for finance, we encourage you to apply.


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