Senior Investment Accountant

Skills :     Assistant Accountant

Job Description:

Feel Good About Doing Good

The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.

While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and Pregnancy Resource Centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.

Share Your Talent. Live Your Purpose.

We are a growing and purpose-driven community of professionals. Join us to discover how you can meet your goals and ours!

Overview

Responsible for the investment accounting for KofC (Knights of Columbus) and its related entities. Prepares monthly account reconciliations utilizing the control reports associated with the Investment Accounting operations and tying financial information back to SAP. Performs medium-to-complex level analysis of investment-related items, including analysis of fair and book values, unrealized and realized gains/losses, investment income, and other items as needed. Responsible for the preparation of quarterly and year-end schedules for external audits and year-end surveys from rating agencies and associations. Prepares or oversees the preparation of investment-related footnotes for audited financial statements for all entities and funds.

Core Responsibilities

• Perform the daily and monthly processing, reconciliation, and reporting functions for traditional and complex asset types.
• Prepare and perform controls on monthly reporting and GL feeds for US GAAP, US STAT, and IFRS
• Prepare investment-related quarterly and annual IFRS and Statutory regulatory reporting and disclosures.
• Understand GAAP/IFRS/STAT guidance to support strategic investment operations and initiatives.
• Perform investment research, analysis, and proper accounting treatment.
• Review and resolve differences in reconciliations against book and record sources, custodians, and other data sources as they apply.
• Identify opportunities to enhance current production processes.
• Address ad hoc inquiries from internal and external sources.
• Document and cross-train others.
• Liaise with internal and external teams daily.

Skills Qualifications

• Solid understanding of the practical application of accounting rules for investments under US GAAP, US STAT, and IFRS.
• Strong background in simple and complex investment products.
• Proven ability to meet daily/monthly/quarterly/annual deliverables.
• Strong oral and written communication skills.
• Ability to multitask effectively and work independently with a sense of urgency.
• Strong analytical skills and ability to remain highly organized in a deadline-driven environment.
• Proficiency with Microsoft Office; advanced skill in Excel required.
• Accuracy and detail orientation
• Knowledge of investment products and ability to analyze investment holdings and earnings.
• Knowledge of IFRS and US GAAP accounting and reporting
• Knowledge of NAIC requirements and statutory accounting
• Exposure to large-scale enterprise, financial systems (e.g., SAP)
• SOVOS (Wings), Bloomberg, Precision for Mortgages, Clearwater Analytics

Education

Required:

• BS in Accounting
• 4-6 years investment accounting experience, preferably within an insurance company, or equivalent combination of training and experience

Compensation

The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational needs. The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location. At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $85,400-$140,900.

Physical Demands

Must be able to remain in a stationary position for the majority of the workday.

KofC Cares

Our mission is focused on family and faith, and we support our employees in seeking a balanced life.

Employee benefits include:

Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules.

Professional Development: Certifications, designation, and tuition reimbursement.

Retirement Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company.

Health and Wellness:

• Short-term disability and term life insurance are fully paid for by the company;
• Up to 12 weeks of childbirth leave under STD policy.
• One week of fully paid parental leave for all new parents, including adoptive and foster parents.
• A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions. The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage.
• Long-term disability insurance;
• Dental insurance;
• Vision insurance;
• Health club membership reimbursement;
• Employee Assistance Program