Director of Derivative Accounting

Orion Placement; Hartford (CT); Hybrid; USD 140,000 - 220,000; Full time

Benefits offered by this job

Hybrid work model

Annual incentives

Job summary

Confidential Employer, a leading financial services firm, seeks a director-level accounting leader to own derivative accounting, reporting, and analysis for a sophisticated investment portfolio. You will drive U.S.

GAAP and STAT reporting, influence investment decisions, and collaborate with Finance, Treasury, Risk, and Actuarial teams in a hybrid work setting. Requirements include an active CPA license, 5+ years in derivative/investment accounting, and hands-on experience with complex

Qualifications

• Active CPA license required.
• Bachelor's degree in Accounting, Finance, or related field.
• 5+ years of derivative accounting or related financial reporting experience.
• 3+ years of hands-on accounting involving complex derivatives.
• Experience with U.S. STAT reporting and ASC 815/ASC 820.
• Experience with derivative valuations, reconciliations, and disclosures.
• Insurance, reinsurance, or asset management experience preferred.

Responsibilities

• Lead derivative accounting, financial reporting, and analysis across a complex investment portfolio.
• Oversee accounting for swaps, options, futures, FX contracts, and structured products.
• Ensure reporting in accordance with U.S. GAAP, U.S. STAT, RSTAT, and regulatory requirements.
• Review derivative valuations, reconciliations, journal entries, disclosures, and supportive documents.
• Oversee quarterly and annual statutory investment schedules, exhibits, and regulatory filings.
• Analyze investment portfolio performance, income trends, and risk exposures.
• Prepare insightful financial reports and presentations for senior management.
• Collaborate with Investment, Treasury, Actuarial, Risk, and Finance teams on complex transactions.
• Improve accounting processes, strengthen internal controls, and implement automation.
• Support regulatory compliance and continuous improvement initiatives.

Skills

Derivative accounting

Investment accounting

Financial reporting

Regulatory reporting

Cross-functional leadership

Education

Bachelor's degree in Accounting or Finance

CPA license

Tools

Clearwater Analytics

Oracle

BSTAT

Job description

• Take ownership of derivative accounting and investment reporting for a sophisticated financial services organization with a strong presence in the insurance and reinsurance industry.
• Lead accounting for complex investment instruments, including swaps, options, futures, foreign exchange contracts, and structured products.
• Work closely with senior leadership and cross-functional teams to influence financial reporting, investment strategy, and risk management.
• Play a key role in U.S. GAAP and statutory reporting while driving process improvements, automation, and stronger financial controls.
• Enjoy a hybrid work arrangement that offers flexibility while keeping you connected to a collaborative, experienced team.
• Advance your career in a high-impact director-level position with opportunities to influence reporting processes and contribute to long-term organizational success.
• Be considered for additional compensation opportunities, including annual incentives, based on company programs.

Location:

Hartford, CT or Charlotte, NC. This is a hybrid opportunity offering a balance of in-office collaboration and work-from-home flexibility. Candidates must be able to work from one of these two office locations.

Note:

Candidates must hold an active CPA license, have 5+ years of derivative accounting, investment accounting, or related financial reporting experience, including 3+ years of hands-on accounting for complex derivatives, and demonstrate experience with U.S. statutory (STAT) accounting and reporting. Applicants must be authorized to work in the United States without current or future visa sponsorship.

About Us

Confidential Employer.

We are an established financial services organization specializing in retirement solutions, investment management, and insurance-related financial operations. Our team combines deep industry expertise with a forward-thinking approach to financial reporting, risk management, and innovation.

We believe in empowering talented professionals to take ownership, collaborate across disciplines, and make a meaningful impact. We're looking for an experienced accounting leader who wants to help shape the future of our investment accounting function.

Job Description

• Lead derivative accounting, financial reporting, and analysis across a complex investment portfolio.
• Oversee accounting for interest rate swaps, credit derivatives, options, futures, foreign exchange contracts, and structured products.
• Ensure accurate reporting in accordance with U.S. GAAP, U.S. STAT, RSTAT, and applicable regulatory requirements.
• Review derivative valuations, reconciliations, journal entries, financial statement disclosures, and supporting documentation.
• Oversee quarterly and annual statutory investment schedules, exhibits, and regulatory filings.
• Analyze investment portfolio performance, income trends, and financial risk exposures.
• Prepare insightful financial reports and presentations for senior management.
• Collaborate with Investment, Treasury, Actuarial, Risk, and Finance teams on complex transactions and accounting matters.
• Improve accounting processes, strengthen internal controls, and implement automation opportunities.
• Support regulatory compliance, reporting accuracy, and continuous improvement initiatives.

Qualifications

• Active CPA license required.
• Bachelor's degree in Accounting, Finance, or a related field.
• 5+ years of derivative accounting, investment accounting, or related financial reporting experience.
• 3+ years of hands-on accounting experience involving complex derivative instruments.
• Experience with U.S. statutory (STAT) accounting and reporting required.
• Strong understanding of U.S. GAAP and derivative accounting principles, including ASC 815 and ASC 820.
• Experience with derivative valuations, reconciliations, investment schedules, and regulatory disclosures.
• Working knowledge of RSTAT reporting requirements.
• Insurance, reinsurance, or asset management industry experience strongly preferred.
• Clearwater Analytics, Oracle, and BSTAT experience preferred.
• Strong analytical, communication, and cross-functional leadership skills.

Why You Will Love Working Here

• Meaningful leadership: Own a critical accounting function and contribute directly to business decisions.
• Hybrid flexibility: Enjoy a work arrangement that supports both collaboration and personal flexibility.
• Professional growth: Expand your leadership influence while working with sophisticated financial instruments and reporting frameworks.
• Collaborative culture: Partner with experienced professionals across Finance, Investments, Treasury, and Risk.
• Innovation and improvement: Help modernize accounting processes, strengthen reporting systems, and drive automation.
• Long-term opportunity: Join an established organization where your technical expertise and strategic thinking are valued.