Senior Technical Accounting Specialist

The Senior Technical Accounting Specialist serves as the organization's subject matter expert on Statutory Accounting Principles (SAP), GAAP, IFRS (International Financial Reporting Standards), NAIC reporting requirements, and insurance investment accounting regulations. This role provides technical leadership and guidance to investment accounting teams, portfolio managers, operations professionals, and insurance company clients regarding the accounting and reporting implications of investment transactions and emerging regulatory developments.

The specialist is responsible for interpreting statutory, GAAP, and IFRS accounting guidance, ensuring regulatory compliance, managing complex accounting matters, and advising stakeholders on the impact of investment strategies across insurance company investment portfolios. The position acts as the primary resource for technical accounting consultations involving fixed income securities, structured products, derivatives, alternative investments, and regulatory reporting requirements.

Position Role and Responsibilities: Technical Statutory, GAAP, and IFRS Accounting Leadership Serve as the firm's subject matter expert on: Statutory Accounting Principles (SAP), GAAP and IFRS NAIC Accounting Practices and Procedures Manual Annual Statement Instructions Schedule D, BA, DB and E reporting requirements SSAP guidance and interpretations Insurance investment accounting regulations Research, interpret and communicate the impact of new NAIC guidance, SSAP updates, and statutory reporting requirements.

Develop and maintain accounting policies, procedures, and technical accounting memoranda. Provide formal accounting conclusions and recommendations for complex investment transactions. Regulatory Compliance Oversight: Ensure compliance with all investment accounting and reporting requirements across all basis of accounting.

Review complex statutory filings and regulatory disclosures. Partner with compliance, legal, and investment teams regarding regulatory changes that affect insurance company investment portfolios. Assess accounting and reporting implications of new investment products and structures. Advisory Consultation Act as the primary escalation resource for: Complex fixed income transactions Structured securities Mortgage-backed and asset-backed securities Private placements Derivatives Alternative investments Impairment analyses NAIC designation issues Provide accounting guidance to portfolio managers, traders, operations personnel, and client service teams.

Lead discussions with insurance company clients, regulators, auditors, and consultants on technical accounting matters. Audit Client Support: Serve as the lead accounting resource during external audits and regulatory examinations. Review and support annual statement preparation and regulatory filings. Respond to technical accounting inquiries from clients and external auditors.

Prepare accounting white papers and client communications regarding regulatory developments. Strategic Leadership: Monitor industry developments and emerging insurance regulatory trends. Oversee the development and enhancement of the reporting framework in coordination with IT to ensure accuracy and completeness of all regulatory reporting and disclosures.

Train and mentor investment accounting professionals on accounting requirements and best practices. Represent the organization in industry working groups and professional associations when appropriate.