Head Of Fund Accounting

Job DetailExperience Level DirectorDegree Type Bachelor of Science (BS)Employment Full TimeWorking Type On SiteJob Reference 0000021228Salary Type AnnuallyIndustry Hedge FundSelling Points Lead impactful accounting operations for a dynamic insurance organization. Collaborate with cross-functional teams on financial reporting and compliance. Develop leadership skills while driving strategic accounting initiatives.Job DescriptionHead of Fund Accounting OverviewThe Head of Fund Accounting will oversee the firm's insurance operations accounting, ensuring compliance with regulatory standards and statutory accounting principles.Lead a team responsible for financial reporting, cash management, reconciliations, and operational accounting across multiple entities.Collaborate with investment accounting teams to manage consolidated financial reporting and intercompany settlements.Ensure accurate and timely filing of financial statements and compliance with state-specific requirements.Serve as the primary resource for technical accounting research and regulatory audits.Develop and maintain a robust internal control environment over insurance operations accounting.Provide guidance on accounting implications of new products or transactions.Directly manage and develop the finance team, setting goals and providing coaching.Support preparation of consolidated financial statements and group-level reporting requirements.Head of Fund Accounting Key Responsibilities & DutiesOversee insurance operations accounting, including premium accounting, claims reserves, and reinsurance settlements.Manage statutory financial reporting and ensure compliance with regulatory standards.Coordinate with investment accounting teams on custodial matters and intercompany positions.Supervise the preparation of audited financial statements and disclosures.Research and implement new accounting standards to ensure compliance with SAP.Conduct annual audits of third-party administrators and manage regulatory examinations.Design and maintain internal controls over insurance operations accounting.Collaborate with actuarial teams on reserve development and policy liability movements.Complete ad hoc requests and support senior leadership with financial information.Head of Fund Accounting Job RequirementsBachelor's degree in Accounting or Finance required; CPA preferred.Minimum of 10 years of experience in the life insurance industry; 15 years preferred.Strong understanding of statutory accounting principles and GAAP life insurance accounting.Ability to manage people, processes, and projects effectively in a multi-entity environment.Experience with general ledger systems and insurance accounting systems is a plus.Proven ability to collaborate across geographically dispersed teams and matrixed organizations.Excellent written and oral communication skills for presenting financial information.Ability to research SAP accounting issues and reach technical conclusions.Strong leadership skills to develop and manage a high-performing finance team.