Responsible for ensuring that the various Ledgers and Records are properly accounted for and controlled. Responsible for daily accounting and reconciliation of investment and derivative portfolio transactions within PAM investment accounting system. This includes the reconciliation, analysis of data and problem resolution for various investments, debt transactions, impairment and derivative transactions. Has primary responsibility for preparing various reports based on GAAP, statutory and and management basis. Partners with business to develop and implement accounting practices consistent with GAAP (Generally Accepted Accounting Principles) and other governing agencies (FINRA, SEC, OTS, IRS, NAIC, and Insurance examiners
- Perform daily accounting processes for a variety of investment and derivative transactions including variation margin reconciliations for futures and cleared swaps and debt transactions (FHLB/repo, EAR securitization and AMP debt); includes research, analysis and resolution of reconciliation issues - Perform accounting and reporting for impairments including recording within PAM, processing of residual CDO cash payments and monthly/quarterly reporting. - Gather and update financial and benefit schedules for low-income housing partnerships - Prepare and post journal entries related to impairment, low-income housing partnerships, EAR consolidations and AMP debt to ensure transactions are accurately reflected in the general ledger. This encompasses both daily transactional activity as well as monthly and quarterly entries for internal and external reporting - Prepare monthly general ledger account reconciliations including research and issue resolution and documentation. - Preparation of SEC, statutory and management reports on a monthly, quarterly, and annual basis for inclusion in 10Q & 10K, statutory and other regulatory filings / reports - Operate under a strong system of internal controls to ensuring that integrity, control and optimal efficiency are established while minimizing financial risks. - Build strong working relationships with other areas of the company including External Reporting, Settlements, Trade Operations, Pricing and Treasury.
- 4 year accounting or finance degree - 3 to 5 years of accounting experience
- Strong working knowledge of investments and derivatives - Strong analytical and problem-solving skills; ability to meet tight deadlines with a high degree of accuracy - Advanced Excel and database knowledge - Strong understanding of end-to-end process flows, systems, controls and impacts across products and business lines (PAM for Investments experience a plus) - Effective written and oral communication skills