Director, Investment Accounting

Aspida; North Carolina; Hybrid; USD 150,000 - 200,000; Full time

Benefits offered by this job

Relocation available

Full Benefits Package Available

Job summary

Aspida is seeking a Director of Investment Accounting to lead the accounting and reporting for a growing investment portfolio. This hybrid role is based at our Durham, NC headquarters with onsite presence three days per week.

You will guide the monthly close, partner with Clearwater Analytics and Ares Capital, and mentor the accounting team to ensure accurate US GAAP and statutory reporting, while driving process improvements within a fast-paced environment.

Qualifications

• 10+ years of accounting and reporting experience, including management in insurance.
• Excellent analytical, problem solving, and communication skills.
• Strong project management and cross-functional leadership.
• Advanced Excel skills and solid technology proficiency.

Responsibilities

• Lead preparation and review of investment-related portions of quarterly financial statements (US GAAP/US Statutory).
• Manage monthly investment close to meet reporting targets.
• Oversee reconciliations and controls for investment accounting accuracy and timeliness.
• Identify opportunities to improve reporting quality and efficiency for growth.
• Partner with Investments, Treasury, Financial Reporting, and external providers to resolve issues.
• Provide coaching and development support to team members.

Tools

Clearwater Analytics

Job description

Company Description:

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we're in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on

Description

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we're in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.

Who We Are

Sometimes, a group of people come together and create something amazing. They don't let egos get in the way. They don't settle for the status quo, and they don't complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That's the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that's why we're doing things differently than everyone else in our industry. We're dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on.

What We Are Looking For

This Director role in Investment Accounting, will take a key leadership position supporting the accurate accounting, and reporting of Aspida's growing and increasingly complex investment portfolio.

This role requires hands-on reporting expertise to lead and develop team members through the monthly close process. Taking a leadership role in the monthly close process also requires a transformation mindset to find opportunities to improve the quality and timeliness of the close. This individual will also partner closely with our external investment systems team (Clearwater) and our asset manager, Ares Capital, to onboard new investment transactions. This role reports to the Head of Investment Accounting and is a hybrid position, requiring onsite presence 3 days per week at our Durham, NC headquarters.

What You Will Do

• Take a leadership role in the preparation and review of the investment related portions of our quarterly financial statements (US GAAP and US Statutory) and other compliance filings
• Manage the monthly investment close process to ensure that all activities are performed in a timely way to support our overall financial reporting targets
• Review and oversee investment accounting reconciliations and controls to ensure accuracy, completeness, and timeliness
• Identify opportunities to improve the quality and efficiency of our reporting process to ensure that our function is scalable to support Aspida's fast paced growth
• Partner cross-functionally with Investments, Treasury, Financial Reporting, Ares Capital, and external service providers to resolve issues and improve processes
• Provide coaching, guidance, and development support to team members

What We Provide

• Salaried, DOE
• Relocation available
• Full-Time
• Full Benefits Package Available

What We Believe

We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate! At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

Requirements

What We Require:

• 10+ years of accounting and reporting roles, including management experience in the insurance industry with an insurance carrier or top-tier audit firm
• Excellent analytical, problem-solving, and communication skills
• Strong project management skills and the ability to lead cross-functional initiatives
• Solid technology skills including advanced Excel

Strongly Preferred

• Experience in reporting and accounting for investments (e.g., fixed income, derivatives, alternatives, or statutory investment accounting)
• Familiarity with an investment accounting platform such as Clearwater Analytics