Investment Accountant

JOB TITLE: Investment Accountant

EMPLOYER: A-CAP Services LLC

DEPARTMENT: Finance

REPORTS TO: Director of Investment Accounting and STAT Reporting

LOCATION: Onsite in Miami, FL (Brickell)

ABOUT THE COMPANY

A-CAP is a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses and has over $10 billion of total invested assets. This opening is with the holding company, which primarily performs asset management, actuarial, accounting, and other oversight functions on behalf of A-CAP's insurers and third-party clients. This group also provides strategic and operational support to A-CAP's portfolio companies/subsidiaries, proactively formulates new investment strategies, oversees external financing and acquisition activities, and provides modeling support for insurer liabilities and capital. On the insurance product side, A-CAP's primary lines of business are traditional fixed and equity-indexed annuities, with additional business in whole life insurance, Medicare supplement, and hospital indemnity products. A-CAP insurers originate over $2 billion of new premium annually.

ABOUT THE ROLE

We are seeking a highly motivated and detail-oriented Investment Accountant to join our team. The successful candidate will be responsible for accurately recording and reporting on all investment activity for A-CAP's five insurance entities. This role requires a strong understanding of alternative asset classes, including structured securities, private credit investments, mortgage loans, and derivatives.

WHAT YOU WILL DO:

• Prepare and review investment schedules for monthly, quarterly, and annual financial statements including the annual audit, investment footnotes and other off quarter filings
• Prepare monthly journal entries and reconciliations of balance sheet and income statement amounts
• Assist in the preparation of quarterly GAAP financial statements and annual statutory statements ("blue books")
• Support the investment components of NAIC Risk Based Capital ("RBC") reporting
• Support the annual AM Best Supplemental Rating Questionnaire process
• Collaborate with the Middle Office to ensure accurate trade recording
• Assist with interim and year-end audits
• Prepare and review monthly collateral reports for reinsurance counterparties
• Other duties and responsibilities as assigned

WHAT YOU WILL NEED:

• Bachelor's degree in accounting or related field with 5+ years of relevant work experience
• Proficiency in Microsoft Office, especially Excel
• Strong understanding of statutory and GAAP accounting
• Excellent time management skills and attention to detail
• Ability to build relationships with diverse team members
• Strong communication skills, both verbal and written
• Comfort with a steep learning curve and motivation to work in a dynamic environment

BENEFITS:

A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes:

• Competitive salary/base pay
• Employer-sponsored medical, dental, and vision insurance
• Paid Life & AD&D Insurance (for employees and families)
• Paid Disability Insurance (STD + LTD)
• Paid Parental Leave
• Paid Vacation and Sick Leave
• Paid Holidays (15 in 2024)
• Voluntary Supplemental Insurance policies
• 401(k) plan with employer match
• And other benefits and perks!

POSITION TYPE AND EXPECTED HOURS OF WORK

This is a full-time position. Days and hours of work are Monday through Friday, 9:00 a.m. to 6:00 p.m., 40 hours weekly, or as otherwise arranged with the manager of the department.

US work authorization is required.

Who We Are: http://www.acap.com/

EEO Statement

A-CAP is an Equal Opportunity Employer and does not discriminate in recruiting, hiring, promotion or any other personnel action based on the basis of race, ethnicity, national origin, color, sex, gender, gender identity or expression, sexual orientation, religion, age, disability, veteran status, or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications, merit, and business need. To request an accommodation, contact hr@acap.com and we will make every effort to respond to your request within 48 business hours to work towards a positive solution.

Disclaimer:

The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.