Accounting Specialist 2 Job In Boston, Massachusetts

Published 2023-09-07
Expires 2023-10-07
ID #1834355573
Accounting Specialist 2 Job In Boston, Massachusetts
United States, Massachusetts, Boston,
Published September 7, 2023


Job Title: Investment Accounting Associate

1 year contract

This position is a contract to hire opportunity. The candidate must be interested in converting to a employee and working a hybrid schedule onsite.

Boston preferred , Springfield also OK.

The Opportunity

This Investment Accounting Associate role is a newly created position that will be a key addition to our Investment Controllership team within the Controllers organization. As an Accounting Associate in the Controllers Organization of Corporate Finance you will join us as we continue our progress towards becoming best in class financial stewards. We are forward-thinking and seek others who will leverage their curiosity and take initiative. Join us as a partner who will work collaboratively and with determination to leave the company in a better place than you found it. As an Accounting Associate in our Investments Accounting area, you will be a key contributor on the team that executes investment accounting and analysis, including oversight of financial reporting outcomes of all investment products. You will thrive in a highly dynamic and agile accounting environment, where we are focused on both execution and improvement of outcomes. If you want to continue your career as a part of a diverse team of highly motivated professionals who are focused on driving process improvement, meaningful analysis and control execution for insurance accounting activities, this role is for you!

The Impact

As an Accounting Associate in our Investment Accounting area, you will ensure the accurate, timely completion of monthly, quarterly, and annual accounting close cycles for complex investment accounting by effectively planning, monitoring, and problem solving. You will contribute to the completion of the investment accounting of financial transactions ensuring accuracy and compliance with accounting regulations. This includes the monitoring, oversight, process change and transaction controls. You will also contribute to various initiative work focusing on increasing efficiency and adding value, while continuing to develop your project management skills, hone your skills in investment product accounting and related financial impacts. Your daily/monthly responsibilities will include, but are not limited to the following:

Assures adherence to an internal control framework that ensures accurate and timely financial reporting. Makes recommendations to continuously improve the overall control environment. Monitors the control environment of investment accounting. Ensures policies and procedures are adhered to.

Analyze trends and results, use strong business acumen and communication skills collaborating with peers and the financial reporting team to draft and contribute to commentary which enables readers to quickly understand how performance is impacting financial results.

Perform reconciliations of investment data for ledger tie outs. Prepare periodic journal entries.

Supports the Financial Reporting team in providing accounting information such as financial statements, footnote schedules, regulatory reports and other management reports. Respond to annual regulatory financial statement audit requests. Participate in auditor discussions.

Participate in the research and implementation of new statutory and GAAP investment accounting.

Uses professional insight to identify and implement accounting improvements that increase the business value and efficiency of the tea


The Ideal Qualifications

Prior exposure to investment accounting, subsidiary ledger processing and related investment matters a plus!

CPA or progress towards preferred

Experience in identifying internal control issues and remediation efforts.

Knowledge of GAAP accounting. STAT accounting experience a plus.

Ability to partner with business leaders and peers in investment process redesign and improvements.

Intellectual curiosity to continue learning and adding breadth and depth to understanding.

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Per annum
Occupation: Accounting specialist 2

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