AVP, Derivatives Accounting

Resolution Life Group Services Limited; New York (NY); Hybrid; USD 127,500 - 167,000; Full time

Job summary

Resolution Life US is seeking a Manager of Derivatives Accounting to oversee GAAP and statutory close, financial reporting, and analytics for the company’s derivatives portfolio. The role reports to the Head of Derivatives Accounting and collaborates with third‑party providers and asset managers to ensure accurate investment accounting records.

You will supervise monthly close, prepare footnotes for US GAAP and statutory statements, and lead junior staff while driving process improvements across

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 required.
• Expertise in US GAAP and Statutory Accounting Principles.
• Experience with Clearwater Analytics or Third-Party Investment Accounting model preferred.
• Strong research, verbal and written communication skills.

Responsibilities

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

Skills

Derivatives accounting

Financial reporting

Leadership

Communication

Problem solving

Attention to detail

Education

Bachelor's degree in Accounting or Finance

Tools

Microsoft Office

Job description

Overview

As Manager of Derivatives Accounting, you will oversee GAAP and statutory accounting close, financial reporting, and analytics for the company’s derivatives portfolio. You will report to the Head of Derivatives Accounting and work closely with third‑party investment accounting service providers and asset managers to ensure accurate and complete investment accounting records. You will also collaborate with the Reporting team to ensure appropriate GAAP and statutory reporting and disclosures, and with Finance to support analysis and communication of investment results.

Duties and Responsibilities

• Serve as a subject matter expert on accounting and reporting for derivatives
• Oversee and perform the monthly accounting close over derivatives
• Perform balance sheet and income statement attribution and variance analysis
• Manage relationship with third‑party accounting vendor to properly account for derivatives
• Compile and/or review footnotes and schedules for U.S. GAAP and Statutory financial statements
• Collaborate with Investment Front Office on new derivative strategies or investment managers
• Evaluate investment results and prepare and communicate analytics package to finance leaders
• Research accounting and reporting guidance on new derivative strategies or instruments
• Identify manual journal entries needed for accurate financial results; prepare and review manual journal 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 Third‑Party Investment Accounting model preferred
• Strong research, verbal and written communication skills
• Confidence, credibility and character to liaise across corporate functions
• Demonstrated leadership skills and ability to develop, coach, and train others in an organizational setting
• Sense of urgency and high degree of flexibility – ability to conform to shifting priorities, demands, and timelines
• Strong focus on stakeholder satisfaction and consistently works to provide a high level of service
• Ability to act independently in identifying problems while exhibiting judgement and a realistic understanding of issues and interdependencies
• Strong problem‑solving and decision‑making skills
• High level of interpersonal skills, integrity and ethics
• Self‑starter with a collaborative approach who values and encourages teamwork
• Proficiency with Microsoft Office software

Location

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

Benefits and Compensation

Resolution Life US offers a comprehensive benefits package, including a health & wellness program, incentive and recognition programs, and 401(k) contribution (subject to eligibility). Salary range reflects figures based on the primary location.

• WestChester, PA – $117,000–$153,000
• NewYork, NY – $127,500–$167,000