Investment Finance Accountant - Long Term Contract in Charlotte, NC at Vaco

Date Posted: 8/14/2019

Job Snapshot

  • Employee Type:
  • Location:
    Charlotte, NC
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

The Investments Finance Accountant will report directly to the Director of Investments Finance supporting the quarterly production of the corporate net investment income (NII) forecast and for the annual corporate financial plan including projected invested assets, unrealized gain/loss, impairments, net investment gain/loss, net derivative gain/loss, and other comprehensive income. This individual will assist with actual to projected, current to prior projection, and projection to plan variance analysis and attribution. Establishing strong relationships with Investments, Financial Planning & Analysis, Risk Adjusted Profitability Management, Corporate Risk Management, and GA ALM department is important in this role.

Key Responsibilities:

  • Support the preparation and production of the various quarterly NII projection cycle inputs, assumptions, model runs, allocations, and investment reports for the annual financial plan and quarterly investment forecast results to be used for the following purposes:Gather, reconcile and analyze inputs for the NII projection model scenarios including reinvestment strategy, assumptions, holdings position data, asset manager investment data, corporate capital and tax cash flows, liability cash flows, derivative projections.
    • Quarterly earnings calls, press releases, and analyst calls
    • Board of director reporting
    • Investment committee reporting
    • Annual investment plan
    • Quarterly earnings projections
    • Quarterly actual to projection attribution analysis
    • Risk analysis & testing
  • Perform quarterly reconciliations of investment position data compiled from the data warehouse to accounting systems and reporting ledgers to be used as the basis of the projection.
  • Assist with the quarterly NII projection model preparation and execution including GAAP & Statutory projections under base case, capital stress scenarios, and sensitivity tests.
  • Assist with the preparation of various Investment Forecast deliverables to be shared with the Chief Investment Officer, Chief Financial Officer, and the Chief Accounting Officer.
  • Support the preparation and production of attribution model runs and analysis for actual comparison to projection and plan, current to prior projection, and current projection compared to the annual plan for invested assets and net investment income. Researching and reporting the key drivers for material variances.
  • Prepare and provide supplemental projection data analysis and other ad hoc requests including projected asset roll forward reports, projected risk-based capital, yield analysis, projected cash flow analysis, market change impact analysis.
  • Support the database product allocation and reporting structure for projection and plan data.
  • Create projection files, perform control checks, and upload projection data to the SAP Business Planning and Consolidation (BPC) application and validate results.
  • Ability to identify and assist with implementing best in cost process improvements and/or automation while maintaining and/or enhancing process controls and documented procedures.

Essential Business Experience and Technical Skills:

  • 2-5 years of relevant experience in finance, public or private accounting with knowledge of SEC GAAP and/or Statutory accounting practices and procedures with a strong preference for a background in investments.
  • BA/BS degree in accounting, finance, or equivalent work experience. Completion of or working towards CPA, MBA, CFA preferred.
  • Knowledge of financial planning and analysis and/or net investment income projections preferred.
  • Well versed in the development of performance reporting & analytics, strong quantitative and analytical skills.
  • Strong Excel, VBA, and Access skillset desired including use of macros, pivot tables, and sequel queries.
  • Experience with SAP Business Planning and Analysis for Office a plus.
  • Ability to successfully prioritize multiple competing objectives in a deadline-oriented environment.
  • Strong leadership, communication and interpersonal skills.
  • Ability to work well and be agile within a team environment, build partnerships and work collectively within Finance, Investments, and maintain a level of professionalism and discretion with personnel across the organization.


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