Insurance Operations/Accounting - Performing the GAAP/STAT accounting for Alternative Investment products, as well as Regulatory Reporting and full valuations of Insurance Client Assets. Also performs analysis and advisory services for new product development and potential external clients.
Prime Responsibilities
○ Work on accounting and reporting deliverables with Equitable Accounting Teams
○ Responsibility for the accounting interface (journal entries) into the Equitable General Ledger
○ Work with the AB PCI Middle Market Loan team to ensure the propriety of Equitable's PCI portfolio.
Responsibility for the review of accounting packages and journal entries for the following Private Alts
products into the EQH General Ledger
■ MergerArb Fund
■ CLO Funds
■ CarVal Residential Mortgages
■ ECRED Fund
■ AB Lend Fund
■ CRED, Private Placements and other Specialty Direct Investments
Review of SOC-1 documents issued by AB/EQH service providers
Review of current and proposed regulatory requirements for alternative products to ensure current and future GAAP and Stat reporting is compliant
Ensuring EQH data & reporting are delivery timely and accurately with focus on monthly/quarterly/year-end activities
• Secondary Responsibilities
• Oversight of the Clearwater processing for alternative assets
• Support Private Alts Infrastructure and Insurance SBUs on new products, RFP’s and other client requirements
• Support AB Investment professionals & Client Group/Sales in respect of rules & regulation changes (e.g. NAIC updates)
What makes this role unique or interesting?
Fast growing insurance asset management distribution channel at AB. Looking for motivated individual with strong communication, relationship and analytical skills. Areas of expertise include US GAAP and statutory investment accounting, investment operations and SOX/SOC-1 controls, systems implementation, workflow analysis and process improvement.
Knowledge of fixed income, equity securities and derivatives a plus.
Job Qualifications:
• >3 years Accounting experience
• Bachelor of Science in Accounting
• CPA/CFA Preferred
Pune - Offsite
What We Do
AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We are one of the largest investment management firms in the world, with more than $500 billion in assets under management. We foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. We embrace innovation to address increasingly complex investing challenges. And we pursue responsibility at all levels of the firm—from how we work and act to the solutions we design for clients.
