Vice President, Finance

Posted on Oct 10, 2024 by AmTrust Financial Services, Inc.
Jersey City, NJ
Admin & Secretarial
Immediate Start
Annual Salary
Full-Time
Overview:

The Vice President (VP) of Investment Accounting is an integral member of the Finance organization that supports the Vice President of Finance and CAO and is primarily responsible for managing the accounting and reporting of the Company’s global investment portfolio supporting U.S. GAAP and U.S. Statutory reporting requirements. The VP of Investment Accounting is technically proficient in ASC Topics 320 through 326; (2) broad topics, including foreign currency matters, equity method accounting and consolidations, and fair value measurements; and (3) has a working knowledge of/ability to develop a working knowledge of various international GAAPs, including UK GAAP, Irish GAAP and IFRS.

Responsibilities:

· Management of all daily accounting operations and monthly financial close of all domestic and international entities’ investment portfolios for U.S. GAAP, U.S. Statutory and local accounting bases, including coordination of the quarterly close calendar

· Works with accounting policy, treasury, legal, strategy and portfolio management teams to onboard new private alternative investments and manages the booking and reporting of its periodic activity through the Clearwater LPx tool

· Reviews and submits to management analytical commentary on balance sheet and income statement movements against prior periods and budget

· Drives process improvement

· Manages any enhancements in Clearwater

· Reviews the quarterly credit allowance analysis, attends and participates in the presentation of the analysis to Senior Management at the Committee meeting, drafts and coordinates review and approval of the Committee meeting minutes

· Works with accounting policy to review U.S. GAAP and U.S. Statutory technical accounting matters for investment transactions, new asset classes and/or other matters as needed, including drafting / reviewing accounting policy memorandums

· Manages the completion of the investments section for the annual AM Best Survey and the year-end review of SOC I type II reports associated with our 3rd party pricing sources and investment accounting finance applications

· Reviews U.S. GAAP investment related financial statement footnotes (and MD&A disclosure if/when applicable again), the investment section of the cash flow statement, roll forward of OCI, in collaboration with the Financial Reporting Team

· Manages a team of seven

Qualifications:

· 15 years or more of technical insurance/reinsurance accounting, accounting policy and/or financial reporting experience.

· Bachelor’s degree in Business, Accounting or Finance required.

· Master’s degree and/or CPA preferred.

· Excellent verbal and written communication skills.

· Ability to identify and thoughtfully solve problems in a decisive manner.

· Strong collaborator/influencer: Establish and maintain productive working relationships with internal and external stakeholders. Ability to influence and drive change.

· Working knowledge of systems and technology utilized within insurance/reinsurance, investment accounting and financial reporting processes.

· Demonstrates the ability to implement consistent and effective processes around insurance/ reinsurance accounting and financial reporting.

· Effective project management and planning skills.

· Experience with International entities accounting, financial reporting and operations.

· Knowledge of relevant trends and information within the industry.

· Continuous improvement focused: Willing to ask questions and explore new ideas. Eager to learn and focused on continuous improvement.

What We Offer:

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.

Reference: 203998902

https://jobs.careeraddict.com/post/96077646

Vice President, Finance

Posted on Oct 10, 2024 by AmTrust Financial Services, Inc.

Jersey City, NJ
Admin & Secretarial
Immediate Start
Annual Salary
Full-Time
Overview:

The Vice President (VP) of Investment Accounting is an integral member of the Finance organization that supports the Vice President of Finance and CAO and is primarily responsible for managing the accounting and reporting of the Company’s global investment portfolio supporting U.S. GAAP and U.S. Statutory reporting requirements. The VP of Investment Accounting is technically proficient in ASC Topics 320 through 326; (2) broad topics, including foreign currency matters, equity method accounting and consolidations, and fair value measurements; and (3) has a working knowledge of/ability to develop a working knowledge of various international GAAPs, including UK GAAP, Irish GAAP and IFRS.

Responsibilities:

· Management of all daily accounting operations and monthly financial close of all domestic and international entities’ investment portfolios for U.S. GAAP, U.S. Statutory and local accounting bases, including coordination of the quarterly close calendar

· Works with accounting policy, treasury, legal, strategy and portfolio management teams to onboard new private alternative investments and manages the booking and reporting of its periodic activity through the Clearwater LPx tool

· Reviews and submits to management analytical commentary on balance sheet and income statement movements against prior periods and budget

· Drives process improvement

· Manages any enhancements in Clearwater

· Reviews the quarterly credit allowance analysis, attends and participates in the presentation of the analysis to Senior Management at the Committee meeting, drafts and coordinates review and approval of the Committee meeting minutes

· Works with accounting policy to review U.S. GAAP and U.S. Statutory technical accounting matters for investment transactions, new asset classes and/or other matters as needed, including drafting / reviewing accounting policy memorandums

· Manages the completion of the investments section for the annual AM Best Survey and the year-end review of SOC I type II reports associated with our 3rd party pricing sources and investment accounting finance applications

· Reviews U.S. GAAP investment related financial statement footnotes (and MD&A disclosure if/when applicable again), the investment section of the cash flow statement, roll forward of OCI, in collaboration with the Financial Reporting Team

· Manages a team of seven

Qualifications:

· 15 years or more of technical insurance/reinsurance accounting, accounting policy and/or financial reporting experience.

· Bachelor’s degree in Business, Accounting or Finance required.

· Master’s degree and/or CPA preferred.

· Excellent verbal and written communication skills.

· Ability to identify and thoughtfully solve problems in a decisive manner.

· Strong collaborator/influencer: Establish and maintain productive working relationships with internal and external stakeholders. Ability to influence and drive change.

· Working knowledge of systems and technology utilized within insurance/reinsurance, investment accounting and financial reporting processes.

· Demonstrates the ability to implement consistent and effective processes around insurance/ reinsurance accounting and financial reporting.

· Effective project management and planning skills.

· Experience with International entities accounting, financial reporting and operations.

· Knowledge of relevant trends and information within the industry.

· Continuous improvement focused: Willing to ask questions and explore new ideas. Eager to learn and focused on continuous improvement.

What We Offer:

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.

Reference: 203998902

Share this job:
CareerAddict

Alert me to jobs like this:

Amplify your job search:

CV/résumé help

Increase interview chances with our downloads and specialist services.

CV Help

Expert career advice

Increase interview chances with our downloads and specialist services.

Visit Blog

Job compatibility

Increase interview chances with our downloads and specialist services.

Start Test