Senior Manager of Accounting for Investments

Job Description:

The Role

As a Senior Manager of Investment Accounting, you will be a key member of the Fidelity Investments Life Insurance ("FILI") accounting team. You will be responsible for the accounting and reporting of the investment portfolios for FILI and its affiliated reinsurer, Soteria Reinsurance Ltd.’s, (collectively, the “Company”).

• Supporting the systems implementation of FILI’s investment portfolio to a 3rd party vendor software used by the Company;

• Responsible for monthly and quarterly financial close including review of investment journal entries, account reconciliations, and variance analysis;

• Preparing schedules supporting regulatory filings and financial statement reporting for investments;

• Ensuring the investment portfolio is compliant with internal investment policies and regulatory filing requirements (U.S. and Bermuda) including applicable GAAP and statutory accounting principles for investments (including Asset Valuation Reserve and Interest Maintenance Reserve, and Risk Based Capital);

• Maintaining an understanding of investment-related regulations and requirements for various investment types such as fixed income debt securities, asset and structured securities, alternative investments, etc.;

• Performing technical accounting research under current guidance and impact of new guidance for investments;

• Supporting the audit process with external auditors; and

• Maintaining financial controls and understanding of accounting and financial processes over investments.

The Expertise and The Skills You Bring

• A Bachelor's degree in Accounting, CPA and/or master's degree or equivalent training

• Experience in the Financial Services Industry (10+ years) preferred

• Understanding of various investment products and instruments such as bonds, fixed income securities, structured securities and alternative investments preferred

• Advanced understanding of accounting principles, financial reporting, practices, and internal controls

• Ability to quickly understand and connect key concepts and dependencies

• Excellent written and verbal communication skills

• Strong leader and mentor that builds relationships with business partners and team members by providing and seeking feedback

• Present and summarize results and complex information to Senior Management

• Strong knowledge of how financial systems and dynamic reporting tools work (i.e., Oracle) and are highly proficient in Excel

• Knowledge of investment accounting software preferred

The Team

We play a key role to ensure that investment transactions are recorded accurately for financial reporting and protecting the firm's assets through our work in financial accounting, internal controls, and legal entity reporting. FILI, who is part of Fidelity’s Enterprise Services organization, provides annuity and insurance products that enable our customers to address their financial needs.

Certifications:

Category:Accounting

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.