AVP, Derivatives Accounting

Resolution Life; New York (NY); Hybrid; USD 117,000 - 167,000; Full time

Benefits offered by this job

Health & wellness programs

401(k) contributions

Incentive and recognition programs

Job summary

Resolution Life seeks a Manager of Derivatives Accounting in the United States to oversee GAAP close, reporting, and analytics for the derivatives portfolio. You will lead a team, manage third‑party vendors, and collaborate with investment managers to ensure accurate financial records and disclosures.

The role requires 6–10+ years in derivatives accounting and strong US GAAP/Statutory knowledge, with a track record of guiding junior staff and driving process improvements.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• CPA preferred.
• 6–10+ years of experience with 4+ years of derivatives accounting and/or insurance industry experience.
• Expertise in US GAAP and Statutory Accounting Principles.
• Experience with Clearwater Analytics or a Third‑Party Investment Accounting model preferred.
• Strong research, verbal and written communication skills to convey technical issues clearly.
• Confidence, credibility, and character to liaise across corporate functions and maintain strong working relationships.
• Demonstrated leadership skills and ability to develop, coach, and train others.
• Sense of urgency and high flexibility to adjust to shifting priorities and timelines.
• Strong focus on stakeholder satisfaction and high level of service.
• Ability to act independently while exercising judgment and realistic understanding of interdependencies.
• Strong problem‑solving and decision‑making skills.
• High level of interpersonal skills, integrity, and ethics.
• Self‑starter who values and encourages teamwork.
• Proficiency with Microsoft Office software.

Responsibilities

• Serve as a subject matter expert on accounting and reporting for derivatives.
• Oversee and perform the monthly accounting close for derivatives.
• Perform balance sheet and income statement attribution and variance analysis.
• Manage relationships with third‑party accounting vendors to ensure proper derivative accounting.
• Compile and review footnotes and schedules for U.S. GAAP and Statutory financial statements.
• Collaborate with the Investment Front Office on new derivative strategies or investment managers.
• Evaluate investment results and prepare analytics packages for finance leaders.
• Research accounting and reporting guidance on new derivative strategies or instruments.
• Identify and prepare manual journal entries needed for accurate financial results; review manual entries.
• Consult with Investment Management, Third‑Party Asset Managers, and Cedants.
• Execute key internal financial controls to ensure accurate investment accounting results.
• Assist and develop junior staff on daily, monthly, and quarterly tasks.
• Provide reporting and supplemental information to reinsurance cedants.
• Support an environment of continuous improvement.

Skills

Leadership

Communication

Problem solving

Interpersonal skills

Stakeholder management

Teamwork

Microsoft Office

Education

Bachelor’s degree in Accounting or Finance

Tools

Clearwater Analytics

Microsoft Office

Job description

As Manager of Derivatives Accounting, you will oversee the GAAP and STAT accounting close, financial reporting, and financial analytics related to the company’s derivatives portfolio. You will report to the Head of Derivatives Accounting and work closely with the third‑party investment accounting service provider, asset managers, the Reporting team, and Finance to ensure accurate, complete, and timely investments accounting records and disclosures. You will provide oversight and development for junior staff and manage vendor relationships to support a reliable close cycle. The ideal candidate is a self‑starter with strong problem‑solving and decision‑making skills who can own and resolve complex issues involving multiple stakeholders.

Duties and Responsibilities

• Serve as a subject matter expert on accounting and reporting for derivatives
• Oversee and perform the monthly accounting close for derivatives
• Perform balance sheet and income statement attribution and variance analysis
• Manage relationships with third‑party accounting vendors to ensure proper derivative accounting
• Compile and review footnotes and schedules for U.S. GAAP and Statutory financial statements
• Collaborate with the Investment Front Office on new derivative strategies or investment managers
• Evaluate investment results and prepare and communicate analytics packages to finance leaders
• Research accounting and reporting guidance on new derivative strategies or instruments
• Identify and prepare manual journal entries needed for accurate financial results; review manual entries
• Consult with Investment Management, Third‑Party Asset Managers, and Cedants
• Execute key internal financial controls to ensure accurate investment accounting results
• Assist and develop junior staff on daily, monthly, and quarterly tasks
• Provide reporting and supplemental information to reinsurance cedants
• Support an environment of continuous improvement

Qualifications

• Bachelor’s degree in Accounting or Finance required
• Certified Public Accountant preferred
• 6‑10+ years of experience with 4+ years of derivatives accounting and/or insurance industry experience required
• Expertise in US GAAP and Statutory Accounting Principles
• Experience with Clearwater Analytics or a Third‑Party Investment Accounting model preferred
• Strong research, verbal and written communication skills to convey technical issues clearly
• Confidence, credibility, and character to liaise across corporate functions and maintain strong working relationships
• Demonstrated leadership skills and ability to develop, coach, and train others
• Sense of urgency and high flexibility to adjust to shifting priorities and timelines
• Strong focus on stakeholder satisfaction and high level of service
• Ability to act independently while exercising judgment and realistic understanding of interdependencies
• Strong problem‑solving and decision‑making skills
• High level of interpersonal skills, integrity, and ethics
• Self‑starter who values and encourages teamwork
• Proficiency with Microsoft Office software

Critical Skills

• Customer focused: Passionate drive to delight customers and deliver unique solutions
• Critical thinking: Analytical process to solve complex data problems and reach well‑reasoned solutions
• Team mentality: Partnering effectively to drive culture and execute common goals
• Business acumen: Understanding of the financial services industry to make sound decisions
• Learning agility: Openness to new ways of thinking and acquiring skills

Location

West Chester, PA and New York, NY (Hybrid – 3 days per week in the office)

Benefits

Resolution Life US offers a comprehensive benefits package that includes health and wellness programs, incentive and recognition programs, and 401(k) contributions. All benefits are subject to eligibility requirements.

Salary range reflects figures based on the primary location, which is listed first. The range may differ based on location.

• West Chester, PA – $117,000 – $153,000
• New York, NY – $127,500 – $167,000