Job Summary
Provide support for GAAP and STAT investment accounting reporting, issues and analysis, including analysis of debt and equity securities, derivatives, and related investment income of investments for financial reporting purposes.
Principal Duties and Responsibilities
- Responsible for accounting and reporting of investment holdings, including data reconciliation issues; develop and maintain reporting used in monthly, quarterly and annual filings.
- Assist in GAAP and statutory analysis for debt and equity securities, derivatives and other financial instruments, including analysis of fair and book values, unrealized gains/losses, and maintaining inventory of other comprehensive income and temporary and other than temporary impairments.
- Analyzes data, runs queries, and records journal entries within the general ledger and other investment systems.
- Preform monthly reconciliation between multiple custodians, asset managers and accounting subledgers.
- Responsible for the preparation of AVR and IMR in compliance with statutory reporting standards.
- Review monthly pricing and ratings data for accuracy and reasonableness and implement pricing or ratings overrides as needed.
- Prepares account reconciliations and certifies to the accuracy and completeness of investment related balances in the general ledger.
- Develop automated processes and reconciliations for various Investment Accounting functions on an ongoing basis.
- Support the fulfillment of internal management audit requirements including proper testing and documentation of controls and associated testing requirements in Investment Accounting.
- Interact with others both internal and external to achieve accurate and timely processing of investment activity.
- Identify opportunities and make recommendations to gain efficiencies and integrate processes where applicable.
- Perform other duties as assigned
Knowledge, Skills and Abilities
- Bachelor’s degree in Finance or Accounting, or relevant work experience
- One to three years of accounting experience; public accounting or corporate insurance/investment accounting experience is a plus
- Excellent communication skills, both oral and written
- Team player with the ability to work in fast-paced dynamic environment
- Superior analytical and computer skills (e.g Excel, Word, MS access experience with PeopleSoft, SOVOS Wings and Clearwater a plus)
Special Working Conditions
- Extended working hours during financial closing and as business needs dictate
Compensation
Nassau maintains a holistic compensation philosophy focused on competitive base salaries, performance driven incentives, and unique professional development opportunities. The combination of compensation, benefits, and an entrepreneurial culture along with related experiences is key to recruiting and retaining talent. Our compensation system is designed to reward performance, support development and job growth, and compensate individuals relative to their contribution to our organization. The base salary for this position falls within Nassau’s salary band D: $76,000-$110,000 depending upon experience.
Visit our Careers page and apply online at www.nfg.com.
Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau was founded in 2015 and has grown to $1.6 billion in total adjusted capital, $24.4 billion in assets under management, and 350,000+ policies and contracts as of March 31, 2026.
As part of a young and growing financial services enterprise, our employees are tapping into a new entrepreneurial spirit while they build on a long track record of putting customers first, understanding the evolving income and protection needs, and developing quality products to meet those needs.
Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Equal Opportunity EmployerThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Bachelor's degree in Finance or Accounting or relevant work experience
- Knowledge of GAAP and statutory (STAT) investment accounting, including AVR and IMR preparation
- 1-3 years of accounting experience
- Public accounting or corporate insurance/investment accounting experience
- Superior analytical and computer skills (Excel, Word, MS Access)
- Experience with PeopleSoft, SOVOS Wings, Clearwater
- Excellent oral and written communication skills and ability to work in a team
- Ability to perform reconciliations, pricing/ratings review, journal entries, and resolve data discrepancies
What We Do
Nassau is always working harder to be your carrier of choice. We offer insurance products that can help you meet your retirement goals, such as protecting your savings, delivering guaranteed income, or paying for health care costs. We’re dedicated to providing best-in-class service and keeping things simple, and will have your back. Nassau Financial Group is headquartered in Hartford, Connecticut with over $19 billion in assets under management and over 400,000 policyholders and contract holders.* We have been doing this a long time – 170 years – but we remain humble enough to always try to improve. *Assets under management, capital, and policies and contracts as of 3/31/22
