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Controllers ensure that the firm meets all the financial control and reporting obligations of a global, regulated, and public financial institution. Our professionals measure the profitability of, and risks associated with, every aspect of the firm's business. Controllers also ensure that the firm's activities are conducted in compliance with the regulations governing transactions in the financial markets. Summary: The candidate will be part of the IMD Product Controllers Insurance Accounting Team. The candidate will primarily interact with Controllers team/management, Client Services, Fixed Income, Alternatives, Bank Loans, Operations and the Global Institutional and OCIO Insurance Business Units, among others. The entities involved will include separately managed accounts across multiple asset classes in support of global GSAM Institutional and OCIO insurance asset management mandates. Principal Responsibilities:
- Responsible for coordination of detailed implementation planning and support of Clearwater Analytics investment accounting system book of record accounting clients with vendor (Clearwater) and GSAM stakeholder departments.
- Acquires and documents an understanding of client related accounting policies, oversees application and compliance of such policies in operational practice across GSAM business units and ensures an adequate control environment within the accounting services offering.
- Oversees and directs day-to-day operational activities with accounting vendor and GSAM federation staff members.
- Documents, and ensures adherence to, policies and procedures surrounding the insurance accounting platform and insurance mandate separate accounts within the GSAM separate account universe.
- Analyzes, reviews and reconciles book of record investment accounting results and ensures timely submission of client deliverables as contractually required.
- Supports Client Services Division in responding to client accounting related inquiries.
- Works closely with GSAM Operations and Technology teams to establish and troubleshoot standard workflow protocols in support of the accounting platform business model.
- Drives initiatives to develop and enhance the GSAM accounting and reporting outsourcing platform to meet ongoing insurance client requirements.
- Assist Global Insurance unit distribution team in understanding and developing marketing materials related to insurance investment accounting services offering
Experience/Skills:
- Requires a minimum of two years in statutory insurance investment/securities accounting experience in addition to Statutory investment accounting systems experience
- Investment systems implementation/conversion/support experience a strong plus
- Knowledge of general investment accounting requirements and associated regulatory filings in addition to insurance specific regulatory accounting and operations
- Basic knowledge of multi-basis investment related accounting requirements including STAT, GAAP, IFRS, etc. is highly desirable.
- Strong knowledge of insurance industry investment accounting/processing systems, workflows and associated deliverables including experience with Clearwater Analytics and/or SS&C platforms.
- Comprehensive analytical skill set
- Strong time management skills and the ability to adhere to strict deadlines
- Advanced knowledge of spreadsheet applications
- Sound written and oral communication skills
- Ability to interact directly with third-party clients and supporting constituents
- Bachelors degree in accounting required
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