Specialist, Investment Accounting

$53,500 - $92,500/Yr

Lincoln Financial Group - Jackson, MS

Full-time

Remote - Jackson, MS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

This role will provide timely and accurate investment and derivatives data accounting and reporting for the General Account Invested Assets on a Statutory, GAAP, Management, and Tax basis. The individual will be responsible for performing securities research, analysis, and proper accounting treatment of Lincoln Financial Group's (LFG) investment positions to support strategic investment operations and initiatives. The position requires collaboration with key stakeholders across the enterprise to facilitate the accurate and timely completion of the investment accounting process for assigned areas of responsibility. The successful candidate will communicate identified risks and financial implications to management, ensuring that responsibilities are completed accurately and on time. They will identify and communicate process improvements that can reduce workloads or improve quality within their assigned areas. Maintaining the investment accounting's internal control system to ensure SOX compliance is crucial, along with recommending enhancements as necessary. The role also involves staying updated on current and emerging developments and trends in the assigned areas, assessing their impact, and collaborating with management to incorporate these trends into current and future solutions. In addition, the individual will prepare and communicate concise and focused technical financial documents, presentations, and communications for a wide range of technical and non-technical audiences. This includes preparing earning memos and analysis on key metrics for the general account team, as well as financial footnote information for SEC, GAAP, and statutory reporting. The role promotes and enhances organizational initiatives by positively influencing and supporting change management and departmental or enterprise initiatives within assigned areas of responsibility. Furthermore, the individual will provide accounting information on fixed income and derivative investments for existing and developing investment strategies, ensuring compliance with accounting and reporting regulations. They will also resolve discrepancies and take actions on inquiries related to General Account Invested Assets from portfolio management and multiple asset managers.

Responsibilities

• Collaborates effectively with applicable key stakeholders across the enterprise to facilitate the accurate and timely completion of the investment accounting process for assigned areas of responsibility.
• Communicates identified risks and financial implications to management.
• Ensures completion of responsibilities in an accurate and timely manner.
• Identifies and communicates to management process improvements that reduce workloads or improve quality for their assigned areas of responsibility.
• Maintains investment accounting's internal control system to ensure SOX compliance and recommends enhancements.
• Maintains knowledge on current and emerging developments/trends for assigned areas of responsibility, assesses the impact, and collaborates with management to incorporate new trends and developments in current and future solutions.
• Performs and delivers on routine assignments/projects while leveraging and applying knowledge of their assigned areas of responsibility.
• Prepares and communicates concise and focused technical financial documents, presentations, and communications for a wide range of technical and non-technical audiences.
• Prepares earning memos and analysis on key metrics for the general account team.
• Prepares financial footnote information for SEC, GAAP, and statutory reporting.
• Promotes and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned areas of responsibility.
• Provides accounting information on fixed income and derivative investments for existing and developing investment strategies for compliance with accounting/reporting regulations to appropriate key stakeholders and investment accounting team members.
• Provides proper investment accounting treatment of General Account Invested Assets under applicable Statutory, GAAP, Management, and Tax basis.
• Provides technical research on new and existing general account investments and derivatives.
• Resolves discrepancies and takes actions on matters and inquiries on General Account Invested Assets from portfolio management and multiple asset managers.
• Supports an effective function for assigned areas by identifying risks, researching technical investment accounting issues, and gathering all necessary information.
• Supports the preparation of industry and governmental surveys for assigned areas of responsibility.

Requirements

• 4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's) - Minimum Required.
• Prior experience working in investment accounting or accounting systems is needed.
• Technical knowledge in investment accounting.
• Demonstrates strong problem-solving and critical thinking skills, identifying the appropriate resources and tools to drive solutions.
• Demonstrates strong relationship management skills with internal clients and external parties; proven ability to develop collaborative approaches.
• Demonstrates ability to identify and recommend process improvements.
• Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail.
• Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
• Successfully completes regulatory and job training requirements.

Benefits

• Clearly defined career tracks and levels to help you successfully manage your career.
• Leadership development and virtual training opportunities.
• PTO/parental leave.
• Competitive 401K and employee benefits.
• Free financial counseling, health coaching, and employee assistance program.
• Tuition assistance program.
• A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations.
• Effective productivity/technology tools and training.