AVP, Entity Controller

Wilton Re Ltd.; Norwalk (CT); Hybrid; USD 140,000 - 190,000; Full time

Job summary

Wilton Re Ltd. is seeking an AVP, Entity Controller in Norwalk, CT, responsible for books and records management. The role involves preparing journal entries, ensuring SOX compliance, and drafting financial statements.

Candidates should have 8 years of experience, strong knowledge of U.S. GAAP, and a Bachelor's degree in Accounting or Finance. This hybrid position offers a competitive salary range of $140,000 to $190,000.

Qualifications

• Minimum 8 years of relevant experience in accounting.
• Experience in onboarding reinsurance side-car investment vehicles.
• Strong technical knowledge of U.S. GAAP and U.S. Statutory accounting principles.

Responsibilities

• Manage quarterly close process for a block of business.
• Preparation and filing of quarterly and annual U.S. Statutory Statements.
• Assist with onboarding new deals and documenting accounting methodologies.

Skills

U.S. GAAP and U.S. Statutory accounting principles

Accounting experience

Interpersonal and communication skills

Microsoft Office Suite proficiency

Analytical capabilities

Education

Bachelor's degree in Accounting, Finance or related field

CPA or MBA

Tools

Excel

SharePoint

Gain

Workiva

Job description

AVP, Entity Controller

Full Time

Norwalk, CT

About the Company

Wilton Re is an industry leader in the life (re)insurance space, specializing in the acquisition of in force life insurance and annuities. We are experienced industry specialists focused on the risk, capital and operational needs of our clients’ businesses. We provide our clients with the services they need from in force transactions and product development to underwriting and new business strategies.

Wilton Re has the resources and expertise to pursue and successfully manage the largest life and annuity transactions in the market.

Position Summary

The Entity Controller is ultimately responsible for the books and records of a block or blocks of business within a Wilton Re entity. The Entity Controller has responsibility for the preparation of journal entries, reconciliations for monthly and quarterly activity, and perform various tasks to support the quarterly and annual close. Additionally, the Entity Controller is responsible for documenting, monitoring and enhancing certain relevant internal controls for SOX compliance. The Entity Controller will also prepare work papers and assist in the preparation of financial statements and footnotes in accordance with both U.S. Statutory and US GAAP. This includes performing financial statement analytics and explaining results to management for use with the Board, auditors, and regulators.

Role Responsibilities

• Manage most aspects of quarterly close process related to the responsible block of business, both U.S. Statutory and U.S. GAAP, including:
• Preparation of journal entries
• U.S. Statutory
• Corporate
• U.S. GAAP adjustments to U.S. Statutory accounting
• Ad hoc
• Performance of Balance Sheet reconciliations and various other internal control work, including resolution of discrepancies noted in performance of controls
• Analysis and preparation of actual results, quarterly trend analyses, and communication of results to the Controller and other senior management
• Perform investment trust analysis and reporting to external parties
• Continuous process improvements, including identification and implementation of opportunities for process and control enhancements
• Cross-functional engagement across various departments within Wilton Re (e.g., Operations, Legal, Tax, Investments, Valuation, Business Development, etc.), as well as with various Third-Party Administrators and vendors, as needed
• Responsible for the preparation and related filing of:
• Quarterly and Annual U.S. Statutory Statements (Bluebook)
• Annual U.S. Statutory Audited Financial Statements
• Various state and client reporting
• Assist with the preparation of Consolidated U.S. GAAP Financial Statements, and coordination of the annual internal and external audits
• Participate in the DOI examinations, as needed
• Perform other related duties as required, based on the changing goals and objectives of the department and organization
• Assist with onboarding new deals, developing the accounting models and approach and documenting the accounting and reporting methodologies applied for both U.S. Statutory and U.S. GAAP.
• Assist in designing and implementing the internal and external reporting requirements associated with reinsurance side-car investment vehicles.
• Work through non-controlling interest calculations and reporting in support of reinsurance side-car investment vehicles.

Basic Qualifications

• Minimum 8 years of relevant experience in accounting
• Experience in onboarding reinsurance side-car investment vehicles
• Big 4 public accounting experience or combination of public and private experience
• Strong technical knowledge of U.S. GAAP and U.S. Statutory accounting principles, including consolidation
• Life insurance or Reinsurance experience, including statutory Bluebook reporting
• Strong interpersonal and communication skills
• Self-starter with strong analytical capabilities and good organization and project management skills
• Motivated with ability to take initiative and manage competing priorities while consistently hitting deadlines
• Proficiency in Microsoft Office Suite, particularly Excel and SharePoint
• Experience with Gain and Workiva software a plus

Required Education / Certifications

• Bachelor’s degree in Accounting, Finance or related field
• Candidate with CPA or MBA a plus

Pay/Location

Norwalk, CT

Hybrid Structure

Minimal to no travel required

Base salary/hourly rate range for this position in Connecticut is between $140,000 and $190,000. Please note that specific compensation decisions are based upon a variety of job-related factors as permitted by law, including geographic location, credentials, skills, education, training and experience.

Equal Employment Opportunity Statement

Wilton Re strives to attract, develop, and retain a diverse workforce. We are committed to providing an inclusive and accessible work environment where all associates feel valued, respected, and supported. Our commitment to inclusivity is reflected in the safeguards, policies and commitments we have in place to remove barriers and provide equal opportunities to prospective and current associates, without discrimination. A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential.