Senior Accountant

Posted Yesterday
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2 Locations
In-Office
Senior level
Insurance
The Role
Lead accounting, reporting, valuation review, and regulatory compliance for a complex derivative portfolio. Oversee U.S. GAAP, statutory, RSTAT, and applicable BSTAT reporting; review investment schedules, disclosures, reconciliations, and journal entries; present portfolio analytics to senior leadership; and partner with Investment, Treasury, Actuarial, Risk, and Finance teams. Drive automation, process improvements, and reporting controls.
Summary Generated by Built In

Talcott Financial Group* is an international life insurance company committed to providing comprehensive risk solutions to its customers. Whether it’s providing peace of mind for policyholders approaching retirement, or helping insurers solve complex risk and capital challenges, Talcott delivers practical solutions that support long-term stability for policyholders and clients.
Talcott offers the strength of an established organization with the mindset and approach of a modern platform. The enterprise is supported by a proven track record of well-executed transactions, investment-grade financial strength ratings, and strong financial position, with over $136 billion in assets under management. Talcott also benefits from a strategic partnership with Sixth Street, a leading global investment firm managing over $135 billion in assets.

Talcott’s approach to business is disciplined, transparent, and multi-channel, spanning retail annuities, block and flow reinsurance, and legal entity acquisitions. We have offices in Bermuda, the Cayman Islands, Connecticut, New York, and North Carolina.

Overview:

Reporting to the Head of Investment Accounting & Reporting Director, the Director of Derivative Accounting is responsible for leading the accounting, reporting, and analysis of the Company's derivative portfolio. The role oversees compliance with U.S. GAAP, U.S. STAT, and RSTAT reporting requirements, with BSTAT knowledge considered a strong asset. In addition, the Director is responsible for the review of all investment-related schedules, supporting exhibits, and note disclosures included in quarterly and annual U.S. statutory filings, ensuring accuracy, completeness, and compliance with regulatory requirements. Experience with Clearwater Analytics and Oracle is preferred.

Key Responsibilities:

  • Lead accounting and reporting for complex derivative instruments, including swaps, options, futures, structured products, and foreign exchange contracts.
  • Ensure compliance with U.S. GAAP, U.S. STAT, RSTAT, and applicable regulatory reporting requirements.
  • Review derivative valuations, reconciliations, journal entries, disclosures, and financial statement reporting.
  • Review and approve all investment-related schedules, exhibits, and note disclosures included in quarterly and annual U.S. STAT filings.
  • Perform analytical review of statutory investment reporting and disclosures to ensure consistency, accuracy, and compliance with NAIC reporting requirements.
  • Support BSTAT reporting and disclosures, where applicable.
  • Prepare and present investment and derivative analytics to senior management, including portfolio performance, income trends, and risk exposures.
  • Develop management reporting and dashboards to support strategic decision-making.
  • Partner with Investment, Treasury, Actuarial, Risk, and Finance teams on significant transactions and reporting matters.
  • Drive process improvements, automation initiatives, and enhancement of reporting controls.

 Qualifications

  • CPA designation required.
  • Bachelor's degree in Accounting, Finance, or related field.
  • 7+ years of progressive experience in derivative accounting, hedge accounting, investment accounting, or financial reporting.
  • Minimum 3 to 5 years of hands-on experience accounting for complex derivative instruments, including interest rate swaps, credit default swaps, total return swaps, options, futures, foreign currency derivatives, and structured products.
  • Extensive experience applying ASC 815 (Derivatives and Hedging) and ASC 820 (Fair Value Measurement).
  • Strong experience with U.S. GAAP and U.S. STAT reporting for derivative portfolios.
  • Experience reviewing derivative valuations, collateral activity, effectiveness assessments, disclosures, and regulatory filings.
  • Working knowledge of RSTAT reporting requirements; BSTAT experience preferred.
  • Experience preparing, reviewing, and overseeing U.S. STAT investment schedules, annual statement disclosures, and regulatory filings for insurance and reinsurance entities.
  • Experience within the insurance, reinsurance, or asset management industry strongly preferred.
  • Experience with Clearwater Analytics, Oracle, and investment accounting platforms preferred.
  • Demonstrated ability to analyze derivative portfolio results and present insights to senior management and executive leadership.

Preferred Attributes

  • Strong leadership and stakeholder management skills.
  • Strategic thinker with excellent problem-solving abilities.
  • Proven ability to manage competing priorities and regulatory deadlines.

Focus on continuous improvement, automation

Compensation:

 

This range represents the minimum and maximum annual base salary we reasonably expect to pay for this role at the time of posting. The actual base pay could vary and may be above or below the listed range. The base pay is based on factors including but not limited to experience, competence, and demonstration of proficiencies essential for the role. The base pay is just one component of Talcott’s total annual compensation for employees. Other compensation may include annual bonuses, long-term incentives and recognition.

 

*This role is not eligible for visa sponsorship. Applicants must be authorized to work in the United States on a full-time basis without current or future visa sponsorship.

 

**Talcott Financial Group is an equal employment employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html

Skills Required

  • CPA designation
  • Bachelor's degree in Accounting, Finance, or a related field
  • 7+ years of progressive experience in derivative accounting, hedge accounting, investment accounting, or financial reporting
  • 3 to 5 years of hands-on experience accounting for complex derivative instruments
  • Extensive experience applying ASC 815 and ASC 820
  • Strong experience with U.S. GAAP and U.S. STAT reporting for derivative portfolios
  • Experience reviewing derivative valuations, collateral activity, effectiveness assessments, disclosures, and regulatory filings
  • Working knowledge of RSTAT reporting requirements
  • Experience preparing, reviewing, and overseeing U.S. STAT investment schedules, annual statement disclosures, and regulatory filings for insurance and reinsurance entities
  • Experience within the insurance, reinsurance, or asset management industry
  • Experience with Clearwater Analytics, Oracle, and investment accounting platforms
  • Ability to analyze derivative portfolio results and present insights to senior management and executive leadership
  • BSTAT experience
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The Company
HQ: Windsor, CT
313 Employees
Year Founded: 2018

What We Do

As an international life insurance group, Talcott Financial Group creatively designs and expertly delivers responsive solutions that meet our clients’ strategic needs. Our experienced team and the breadth of our capabilities enable us to operate with speed, clarity, and reliability, solving even the most complex business objectives.

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