VP, Investment Accounting
Position Overview RGA's culture stresses high performance and collaboration, and the company hires the smartest people in the industry.
And, the smart people they hire are not just number crunchers.
RGA values creativity and curiosity.
RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space.
The VP, Investment Accounting as a member of the Finance leadership team, leads, manages and establishes strategy for all aspects of the investment accounting function, regulatory and GAAP, for the Company's consolidated investment portfolio and various subsidiaries including derivatives.
This role evaluates the needs for investment information for internal and external users, and develops reports that provide information needed for effective decision making and assessment of invested assets and related income.
The VP Investment Accounting establishes and executes the strategic plan of RGA's Investment Accounting function, including Information Technology related matters, in conjunction with the strategic plan of the Investment Department, supports new business opportunities, acquisitions, investment strategies and due diligence efforts for investment related matters, while maintaining an effective internal control environment over investments.
Responsibilities Effectively manage and develop a staff of highly motivated and competent professionals; drive results and ensure that accountability for those results reside with each member of the teamAct as primary liaison with other parts of the organization including finance, tax, treasury and investments, including RGA's Chief Investment OfficerEnsure accurate month-end, quarter-end and annual reporting of balances relating to investment assets, liabilities, expenses and income for GAAP, regulatory, tax and management-basis accounting.
Responsible for all investment related accounts, analyses, reports.
Presents investment performance to RGA Sr.
Management.
Works directly with and supports RGA's Chief Investment Officer and senior level Investment Department personnel to ensure alignment and integration with the Company's investment goals, strategies, compliance related matters and reporting needs.
Responsible for providing support to Investment Portfolio managers and business development personnel on accounting for new and unique investment strategies, including derivative and hedge related strategies.
Supports new business opportunities, acquisitions and due diligence efforts for investment related matters.
Coordinates communication with external advisors and service providers, as well as local accounting offices to ensure clear understanding of investment risks and exchange of data for proper accounting and management reporting.
Initiates and leads projects that improve the efficiency of processes, improves management reporting, and strengthens the controls over investment accounting.
Works directly with Information Technology to implement new system solutions and Investment Accounting IT strategy.
Assesses potential investment risks through development of analytic reports to review potential asset impairments, credit concentration and unrealized losses.
Leads and manages work area activities including, but not limited to, team/department workflow, establishing and monitoring quality goals, reviewing work completed by direct reports, ensuring quality investment accounting practices and communication to associates and management.
Performs management duties including, but not limited to, hiring, training, evaluating, coaching, and disciplining direct reports.
Fosters a positive and engaged work environment.
Mentors associates and gives guidance on associate development.
Works with other functional areas and business segments on a global basis to achieve efficient and effective accounting and reporting practices and procedures and responds to and requests from other functional areas and business segments on various inquires.
Collaborates with other members of the Finance leadership team to develop goals/plans/budgets that align with division and company objectives and then manages to those expectations.
Requirements Education and ExperienceREQUIRED:
Bachelor's Degree in Accounting/Finance or equivalent related work experience12
years accounting or auditing experience w/ at least 7 years of investment accounting experience and advanced experience in Statutory and GAAP accounting10
years management experience5
years insurance/reinsurance or financial services accounting experienceSkills and AbilitiesRequired:
Basic Word, intermediate Excel and SQL/Query skillsAdvanced knowledge of broad business practicesHighly advanced people management skills, demonstrating an ability to lead, mentor and develop associates:
including the ability to delegate key areas of responsibility.
Ability to manage associates who are difficult or resistant to leadership.
Expert ability to analyze and improve business processesHighly advanced ability to make timely and effective decisions and produce results through strategic planning and the implementation and evaluation of programs and policies.
Highly advanced skills in managing multiple tasks and projects simultaneously, including the ability to delegate key areas of responsibility.
Expert knowledge of accounting/finance, including investment accounting and GAAP and statutory requirements.
Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well receivedHighly advanced level of investigative, analytical and problem solving skillsHighly advanced ability to work well within and manage a teamHighly advanced ability to foster teamwork and a customer service-focused environment.
Expert ability to balance detail with departmental goals/objectivesAdvanced skills in customer relationship management and change managementHighly advanced ability to translate business needs and problems into viable/accepted solutionsHighly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplinesHighly advanced persuasion and negotiation skills when working with internal/external customersCompany Overview Reinsurance Group of America, Incorporated (NYSE:
RGA) is one of the largest global providers of life reinsurance, with offices around the world.
RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development.
Our mission is to enhance our clients' prosperity by supporting their financial and risk management capabilities.
State of Colorado:
This information is provided per the Colorado Equal Pay Act.
The pay range for this position in Colorado is $167,045 - $225, 245 per year.
Base pay varies depending on job-related knowledge, skills, experience and market location.
#LI-LR1#LI-HybridJob DetailReference numberUS08330Date posted07/07/2023writePostingDate(postingDate_posting_start_date, 2023-07-07 05:
00:
00, US/Central)Closing date07/07/2024writePostingDate(postingDate_posting_end_date, 2024-07-08 04:
59:
59, US/Central)LocationChesterfieldJob FunctionsAccountingWork LocationChesterfield MO Recommended Skills Analytical Auditing Business Ethics Business Processes Business Requirements Change Management Estimated Salary: $20 to $28 per hour based on qualifications.
And, the smart people they hire are not just number crunchers.
RGA values creativity and curiosity.
RGA also values humility, and its employees work together without ego to bring value to RGA while revolutionizing the life and health insurance space.
The VP, Investment Accounting as a member of the Finance leadership team, leads, manages and establishes strategy for all aspects of the investment accounting function, regulatory and GAAP, for the Company's consolidated investment portfolio and various subsidiaries including derivatives.
This role evaluates the needs for investment information for internal and external users, and develops reports that provide information needed for effective decision making and assessment of invested assets and related income.
The VP Investment Accounting establishes and executes the strategic plan of RGA's Investment Accounting function, including Information Technology related matters, in conjunction with the strategic plan of the Investment Department, supports new business opportunities, acquisitions, investment strategies and due diligence efforts for investment related matters, while maintaining an effective internal control environment over investments.
Responsibilities Effectively manage and develop a staff of highly motivated and competent professionals; drive results and ensure that accountability for those results reside with each member of the teamAct as primary liaison with other parts of the organization including finance, tax, treasury and investments, including RGA's Chief Investment OfficerEnsure accurate month-end, quarter-end and annual reporting of balances relating to investment assets, liabilities, expenses and income for GAAP, regulatory, tax and management-basis accounting.
Responsible for all investment related accounts, analyses, reports.
Presents investment performance to RGA Sr.
Management.
Works directly with and supports RGA's Chief Investment Officer and senior level Investment Department personnel to ensure alignment and integration with the Company's investment goals, strategies, compliance related matters and reporting needs.
Responsible for providing support to Investment Portfolio managers and business development personnel on accounting for new and unique investment strategies, including derivative and hedge related strategies.
Supports new business opportunities, acquisitions and due diligence efforts for investment related matters.
Coordinates communication with external advisors and service providers, as well as local accounting offices to ensure clear understanding of investment risks and exchange of data for proper accounting and management reporting.
Initiates and leads projects that improve the efficiency of processes, improves management reporting, and strengthens the controls over investment accounting.
Works directly with Information Technology to implement new system solutions and Investment Accounting IT strategy.
Assesses potential investment risks through development of analytic reports to review potential asset impairments, credit concentration and unrealized losses.
Leads and manages work area activities including, but not limited to, team/department workflow, establishing and monitoring quality goals, reviewing work completed by direct reports, ensuring quality investment accounting practices and communication to associates and management.
Performs management duties including, but not limited to, hiring, training, evaluating, coaching, and disciplining direct reports.
Fosters a positive and engaged work environment.
Mentors associates and gives guidance on associate development.
Works with other functional areas and business segments on a global basis to achieve efficient and effective accounting and reporting practices and procedures and responds to and requests from other functional areas and business segments on various inquires.
Collaborates with other members of the Finance leadership team to develop goals/plans/budgets that align with division and company objectives and then manages to those expectations.
Requirements Education and ExperienceREQUIRED:
Bachelor's Degree in Accounting/Finance or equivalent related work experience12
years accounting or auditing experience w/ at least 7 years of investment accounting experience and advanced experience in Statutory and GAAP accounting10
years management experience5
years insurance/reinsurance or financial services accounting experienceSkills and AbilitiesRequired:
Basic Word, intermediate Excel and SQL/Query skillsAdvanced knowledge of broad business practicesHighly advanced people management skills, demonstrating an ability to lead, mentor and develop associates:
including the ability to delegate key areas of responsibility.
Ability to manage associates who are difficult or resistant to leadership.
Expert ability to analyze and improve business processesHighly advanced ability to make timely and effective decisions and produce results through strategic planning and the implementation and evaluation of programs and policies.
Highly advanced skills in managing multiple tasks and projects simultaneously, including the ability to delegate key areas of responsibility.
Expert knowledge of accounting/finance, including investment accounting and GAAP and statutory requirements.
Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well receivedHighly advanced level of investigative, analytical and problem solving skillsHighly advanced ability to work well within and manage a teamHighly advanced ability to foster teamwork and a customer service-focused environment.
Expert ability to balance detail with departmental goals/objectivesAdvanced skills in customer relationship management and change managementHighly advanced ability to translate business needs and problems into viable/accepted solutionsHighly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplinesHighly advanced persuasion and negotiation skills when working with internal/external customersCompany Overview Reinsurance Group of America, Incorporated (NYSE:
RGA) is one of the largest global providers of life reinsurance, with offices around the world.
RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development.
Our mission is to enhance our clients' prosperity by supporting their financial and risk management capabilities.
State of Colorado:
This information is provided per the Colorado Equal Pay Act.
The pay range for this position in Colorado is $167,045 - $225, 245 per year.
Base pay varies depending on job-related knowledge, skills, experience and market location.
#LI-LR1#LI-HybridJob DetailReference numberUS08330Date posted07/07/2023writePostingDate(postingDate_posting_start_date, 2023-07-07 05:
00:
00, US/Central)Closing date07/07/2024writePostingDate(postingDate_posting_end_date, 2024-07-08 04:
59:
59, US/Central)LocationChesterfieldJob FunctionsAccountingWork LocationChesterfield MO Recommended Skills Analytical Auditing Business Ethics Business Processes Business Requirements Change Management Estimated Salary: $20 to $28 per hour based on qualifications.
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