Head of Investment Accounting Operations

1 week ago


Jersey City, New Jersey, United States Oliver James Associates Full time

Company Overview:
Oliver James Associates is a leading global firm specializing in Private Equity-backed Property and Casualty Insurance. We are currently seeking a highly skilled professional to join our investment accounting division.

Position Summary:
The Investment Accounting Director is an integral member of the Finance team, providing essential support to senior leadership in the realm of investment accounting. This role encompasses a variety of responsibilities, including the oversight of the financial closing processes for both domestic and international entities, ensuring compliance with U.S. GAAP and local reporting standards, and managing accounting estimates and controls.

Key Responsibilities:
1. Direct daily accounting operations and manage monthly financial closes for investment portfolios across various accounting frameworks, including U.S. GAAP and local standards.
2. Serve as the primary contact for resolving issues and collaborate with colleagues on ad hoc regulatory reporting.
3. Enhance and oversee processes related to investment accounting entries and reconciliations, coordinating with ERP/HFM teams and maintaining the investment Chart of Accounts (COA).
4. Lead implementation projects for Clearwater Analytics.
5. Prepare and present quarterly analyses of credit allowances to senior management and coordinate the review of meeting documentation.
6. Supervise U.S. GAAP and statutory accounting for alternative investments and manage the Clearwater LPx tool.
7. Provide guidance on technical accounting matters, including the drafting of policy memorandums.
8. Complete the investment section for the annual AM Best Survey.
9. Review U.S. GAAP financial statement footnotes and prepare the investment section of the cash flow statement, working closely with the Financial Reporting Team.
10. Manage the career development and performance evaluations of team members.



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