Senior Manager, Group Investment Accounting

Key Responsibilities

Group Investment Accounting

• Accountable to manage a team of 4 professionals delivering key daily, monthly, and quarterly SLAs.
• Owner of investment accounting processes including Clearwater-Oracle reconciliation, HFM FX revaluation, Expected Credit Loss (ECL) 3-way reconciliation review.
• Maintain the group pricing hierarchy and the implementation of related pricing controls for monitoring, along with review and approval of pricing override submissions according to group policy.
• Prepare and present materials to the Asset Valuation Committee.
• Responsible for the ECL model governance including model parameters updates, forward-looking adjustments, and preparation of management reporting.
• Responsible for Solely for Purpose of Principal and Interest (SPPI) change monitoring, associated controls and management reporting.
• Approve SPPI compliance securities when required.
• Explain key drivers to management of changes in ECL and SPPI results and the resultant impact on financial statements.
• Coordinate and plan quarter-end closing activities, record and follow-up issues encountered by BUs, and ensure timely completion of all activities.
• Manage Local BUs submission of updates to Business Model (BM), Account Classification templates.
• Manage audit process and internal controls testing with internal and external stakeholders.

Investment Data Repository (IDR)

• Owner of the IDR ensuring the development, data maintenance and accuracy of the IDR.
• Liaise with Group Reporting to update IDR logic on a timely basis to ensure relevant and timely financial disclosures.
• Manage delivery of Local BU loan data and other assets, which are not in Clearwater, every quarter through IDR’s templates.
• Responsible for updating IDR logic and controls to accommodate new requirements either upstream (Clearwater) or downstream (HFM, Oracle, ECL model, etc.).
• Manage change request process for IDR.

Clearwater Analytics Accounting Controls and Processes

• Enhancement of known and unknown accounting and reporting gaps in Clearwater.
• Develop consistent, sustainable processes for the Clearwater investment accounting system, to be deployed across the Group.
• Implement checks and controls to ensure accuracy and integrity of investment accounting data in Clearwater, including credit rating, pricing, securities setup, and trade details.
• Develop consistent financial investment reports from Clearwater for financial analysis and control checks.
• Design solutions for new requirements from Local BUs, Group Finance and Investments for existing setup in Clearwater (e.g. hedge accounting, fund look-through).
• Manage Clearwater change request process.

Key Performance Indicators

• Monthly & Quarterly Clearwater close completed within group defined timelines.
• Group-wide Investment Accounting activities completed to agreed SLAs.
• Prioritize tasks and demonstrate ability to work with details.
• Support team members for completion of ad-hoc requests, special projects, and other duties as needed.

External & Internal Contacts

• Internal
  • Group Investment Accounting Team.
  • Local BUs Investment Accounting team.
  • Group and Local Investment Teams.
  • Group and Local Finance Teams.
  • Group Accounting Policy Team.
  • Group Tax Team.
• External:
• • Clearwater Analytics
  • Bloomberg
  • 3rd Party Vendors
  • 3rd Party Asset Managers

Decision Making

• Approve appropriate solutions and change requests to recommend to management to resolve investment accounting issues.
• In conjunction with the Head of the ICOE make team related decisions for direct reports.
• In conjunction with the AVP, Group Investment and Head of ICOE decide and resolutions on risks and issues as they relate to Group Investment Accounting.

Qualification & Requirements

Qualifications/Experience

• University degree in Accounting/Business/Finance or related fields.
• 10+ years of working experience in investment accounting or a fund accounting roles, preferably in the insurance industry.
• Internationally recognized accounting qualification, or working towards one, is required.

Knowledge & Technical Skills

• Business Knowledge
  • Expert in investment or fund accounting.
  • Solid knowledge of financial products.
  • Hands on day-to-day experience in implementing and operationalizing investment accounting procedures is required.
  • Advanced knowledge of investment accounting/Reporting is required preferably within a life insurance company.
  • Understanding of IFRS9 requirements, ECL, SPPI is required.
  • Broad knowledge of a variety of security types including fixed income, equity, funds, structured products, private credit, private equity, and derivatives.
• Technical Skills
  • Strong analytical and excel skills.
  • Investment accounting systems (PAM, FAM, Portia, Clearwater, etc.) are an asset.
  • Microsoft Office.
  • Bloomberg.
• Management Skills
  • Experience leading teams in an investment accounting environment is preferred.
  • Clarity in communication and being an active listener.
  • Provide constructive feedback and build a high performing team.
  • Being empathic with a desire to help others.

Competencies

• Able to work independently or as part of a team.
• Excellent interpersonal skills.
• Good command of both spoken and written English
• Understanding inter-dependencies and inter-connections of systems; seeing the big picture rather than the parts.
• Being flexible and adaptable for change.
• Learning from mistakes and desire to improve.

Benefits

No information available.