Kuvare Holdings
Overview
Investment Accountant role at Kuvare Holdings. The Investment Accountant is responsible for ensuring proper accounting and reporting for Kuvare’s complex portfolio of investments, performing detailed analysis of investment results and communicating to senior management. This role is a key partner with TPAs, brokers and investment managers and ensures the accuracy of investment information in regulatory filings and financial statements. May supervise accountants or other positions on a project basis or full-time reporting basis. About Kuvare
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service. Responsibilities
Review the investment portfolio on a quarterly basis and evaluate for potential impairments on a STAT and GAAP basis; work with the Impairment Committee and asset managers to determine OTTI, if any. Review and challenge investment data received from TPAs for monthly, quarterly and annual reporting periods; understand underlying drivers of investment results and communicate to senior management. Reconcile federal home loan bank activity to financial results; prepare statutory and GAAP footnotes and provide support to outside auditors. Oversee coordination of automated feeds of investment data from TPAs into quarterly statutory financial statements. Prepare risk-based capital related to investment results; ensure data integrity of financial data. Work with custodians and brokers to obtain investment data and resolve reconciling items; onboard internally managed securities. Conduct cash flow analytics on a quarterly basis; prepare internal audit committee materials and managerial reports for quarterly and annual board meetings. Ensure timely clearing of suspense items and items in payables and receivables; track limited partnership activity and reconcile to financial statements with proper mark-to-market accounting. Prepare accruals and journal entries; reconcile sub-feeds and record data in the general ledger; analyze investment results on statutory/GAAP basis with collaboration across risk/actuarial, external managers, and operations. Reconcile investment balance sheet accounts; develop and implement controls in accordance with Sarbanes-Oxley and Model Audit Rule (MAR). Qualifications
Bachelor’s degree with a concentration in finance or accounting. CPA, CFA and/or MBA strongly preferred. 3-5 years of investment accounting experience within the insurance industry. Experience with life insurance, annuity products and/or reinsurance is desirable. Skills/Competencies
Strong leadership, people management, communication and interpersonal skills; ability to collaborate with key partners and business leaders. Proven track record of process improvement and innovation; ability to deliver results under pressure in a tight timeframe. Strong understanding of complex investments (derivatives, private placements, commercial mortgage loans, private equity securities). In-depth knowledge of financial reporting and close cycle in the general ledger; expertise in accounting systems and controls typical for the insurance industry. Solid understanding of accounting requirements for investment products under statutory and GAAP accounting principles. Additional Details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Accounting/Auditing and Finance Industries: Insurance
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Investment Accountant role at Kuvare Holdings. The Investment Accountant is responsible for ensuring proper accounting and reporting for Kuvare’s complex portfolio of investments, performing detailed analysis of investment results and communicating to senior management. This role is a key partner with TPAs, brokers and investment managers and ensures the accuracy of investment information in regulatory filings and financial statements. May supervise accountants or other positions on a project basis or full-time reporting basis. About Kuvare
Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service. Responsibilities
Review the investment portfolio on a quarterly basis and evaluate for potential impairments on a STAT and GAAP basis; work with the Impairment Committee and asset managers to determine OTTI, if any. Review and challenge investment data received from TPAs for monthly, quarterly and annual reporting periods; understand underlying drivers of investment results and communicate to senior management. Reconcile federal home loan bank activity to financial results; prepare statutory and GAAP footnotes and provide support to outside auditors. Oversee coordination of automated feeds of investment data from TPAs into quarterly statutory financial statements. Prepare risk-based capital related to investment results; ensure data integrity of financial data. Work with custodians and brokers to obtain investment data and resolve reconciling items; onboard internally managed securities. Conduct cash flow analytics on a quarterly basis; prepare internal audit committee materials and managerial reports for quarterly and annual board meetings. Ensure timely clearing of suspense items and items in payables and receivables; track limited partnership activity and reconcile to financial statements with proper mark-to-market accounting. Prepare accruals and journal entries; reconcile sub-feeds and record data in the general ledger; analyze investment results on statutory/GAAP basis with collaboration across risk/actuarial, external managers, and operations. Reconcile investment balance sheet accounts; develop and implement controls in accordance with Sarbanes-Oxley and Model Audit Rule (MAR). Qualifications
Bachelor’s degree with a concentration in finance or accounting. CPA, CFA and/or MBA strongly preferred. 3-5 years of investment accounting experience within the insurance industry. Experience with life insurance, annuity products and/or reinsurance is desirable. Skills/Competencies
Strong leadership, people management, communication and interpersonal skills; ability to collaborate with key partners and business leaders. Proven track record of process improvement and innovation; ability to deliver results under pressure in a tight timeframe. Strong understanding of complex investments (derivatives, private placements, commercial mortgage loans, private equity securities). In-depth knowledge of financial reporting and close cycle in the general ledger; expertise in accounting systems and controls typical for the insurance industry. Solid understanding of accounting requirements for investment products under statutory and GAAP accounting principles. Additional Details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Accounting/Auditing and Finance Industries: Insurance
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