Brighthouse Financial
Derivatives Accountant (Charlotte, NC (Hybrid) or Remote)
Brighthouse Financial, Charlotte, North Carolina, United States, 28245
Overview
Derivatives Accountant (Charlotte, NC (Hybrid) or Remote) – Brighthouse Financial As an Accountant in Regulatory Reporting, you will be responsible for supporting the Derivative accounting team and associated reporting for Brighthouse Financial’s investments in derivative instruments. Derivatives are used to manage exposures to changes in interest rates, foreign currency exchange rates, equity markets and credit risk, across our investment portfolio and hedging liabilities. Some derivatives are designated as qualifying hedges for GAAP and STAT and have specific documentation and accounting requirements. Responsibilities
Prepare derivatives disclosures in the 10-K, 10-Q, QFS, and stand-alone audited financial statements on a GAAP & Statutory basis. Support preparation of Statutory Blue Book investment derivative schedules. Assist with preparing journal entries for derivative accounting. Assist management in monthly review of reconciliations provided by vendor. Assist management in implementation of new accounting pronouncements impacting derivatives. Support management’s initiative to expand or implement accounting for new derivative strategies. Ongoing tracking of hedged items for derivative accounting. Preparing documentation of processes and controls associated with the hedge accounting program. Analyze and validate data from internal and external sources. Develop accurate and timely ad hoc reports. Analyze business-critical data and recommend improvements. Maintain accurate, meaningful and updated technical and non-technical documentation pertaining to all responsibilities. Respond to questions from external and internal auditors, front office and financial reporting teams regarding qualifying derivatives, documentation & testing. Qualifications
Bachelor’s degree in Accounting or Finance 2+ years of accounting experience in a public or private company environment is preferred Working knowledge in GAAP or Statutory accounting and reporting is preferred Previous experience working with derivatives is a plus Strong organizational skills and ability to track multiple issues Excellent oral and written communication skills Proficiency in Microsoft Office (Excel, Word, Access) required Experience with SQL is a plus What You’ll Receive
Compensation – Base salary ranging from $75,000 - $85,000 plus competitive incentives. Flexible Work Environment – Remote or hybrid options. Paid Time Off – 20 days PTO + 16 holidays per year plus paid volunteer and study time. Financial Health – 401(k) with company match (up to 6%), company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling. Health and Wellness – Medical, vision, dental plans with HSA contributions up to $1,000 per family. Family Support – Up to 16 weeks of paid leave for new parents, dependent care benefits and related programs. Life and Disability – Company-paid basic life insurance and short-term disability. Why join us?
Brighthouse Financial helps people achieve financial security. We are a leading provider of annuities and life insurance in the U.S., with a culture that celebrates diverse backgrounds and experiences. Learn more about our culture at brighthousefinancial.com/about-us/careers/. Seniority level
Entry level Employment type
Full-time Job function
Accounting/Auditing and Finance Industries – Insurance
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Derivatives Accountant (Charlotte, NC (Hybrid) or Remote) – Brighthouse Financial As an Accountant in Regulatory Reporting, you will be responsible for supporting the Derivative accounting team and associated reporting for Brighthouse Financial’s investments in derivative instruments. Derivatives are used to manage exposures to changes in interest rates, foreign currency exchange rates, equity markets and credit risk, across our investment portfolio and hedging liabilities. Some derivatives are designated as qualifying hedges for GAAP and STAT and have specific documentation and accounting requirements. Responsibilities
Prepare derivatives disclosures in the 10-K, 10-Q, QFS, and stand-alone audited financial statements on a GAAP & Statutory basis. Support preparation of Statutory Blue Book investment derivative schedules. Assist with preparing journal entries for derivative accounting. Assist management in monthly review of reconciliations provided by vendor. Assist management in implementation of new accounting pronouncements impacting derivatives. Support management’s initiative to expand or implement accounting for new derivative strategies. Ongoing tracking of hedged items for derivative accounting. Preparing documentation of processes and controls associated with the hedge accounting program. Analyze and validate data from internal and external sources. Develop accurate and timely ad hoc reports. Analyze business-critical data and recommend improvements. Maintain accurate, meaningful and updated technical and non-technical documentation pertaining to all responsibilities. Respond to questions from external and internal auditors, front office and financial reporting teams regarding qualifying derivatives, documentation & testing. Qualifications
Bachelor’s degree in Accounting or Finance 2+ years of accounting experience in a public or private company environment is preferred Working knowledge in GAAP or Statutory accounting and reporting is preferred Previous experience working with derivatives is a plus Strong organizational skills and ability to track multiple issues Excellent oral and written communication skills Proficiency in Microsoft Office (Excel, Word, Access) required Experience with SQL is a plus What You’ll Receive
Compensation – Base salary ranging from $75,000 - $85,000 plus competitive incentives. Flexible Work Environment – Remote or hybrid options. Paid Time Off – 20 days PTO + 16 holidays per year plus paid volunteer and study time. Financial Health – 401(k) with company match (up to 6%), company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling. Health and Wellness – Medical, vision, dental plans with HSA contributions up to $1,000 per family. Family Support – Up to 16 weeks of paid leave for new parents, dependent care benefits and related programs. Life and Disability – Company-paid basic life insurance and short-term disability. Why join us?
Brighthouse Financial helps people achieve financial security. We are a leading provider of annuities and life insurance in the U.S., with a culture that celebrates diverse backgrounds and experiences. Learn more about our culture at brighthousefinancial.com/about-us/careers/. Seniority level
Entry level Employment type
Full-time Job function
Accounting/Auditing and Finance Industries – Insurance
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