VP of Derivative Accounting - Princeton, New Jersey United States - 20520

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JOB DESCRIPTION

Job #: 20520
Title: VP of Derivative Accounting
Job Location: Princeton, New Jersey - United States
Employment Type:
Salary: $140,000.00 - $160,000.00 - US Dollars - Yearly
Employer Will Recruit From: Local
Relocation Paid?: NO

WHY IS THIS A GREAT OPPORTUNITY?


Our client is a large insurance/financial services company that has seen tremendous growth with the expansion of their business.  They are looking for a VP of Derivative Accounting who has broad knowledge of derivatives products and accounting technical skills across multiple accounting bases (GAAP, US Statuatory).  The candidate will be responsible for handling all aspects of our accounting and reporting services and meeting needs and evolving priorities of our clients, as they relate to derivatives.

JOB DESCRIPTION

  • Cultivating a thorough knowledge of BlackRock’s capabilities, products and services for insurance companies
  • Keeping abreast of and effectively communicating the implications of the evolving regulatory landscape and new accounting pronouncements to ensure compliance by our insurance companies, across multiple bases of accounting i.e. IFRS, US Statutory, US GAAP, etc.
  • Developing and leading derivative investment reporting for clients and prospects, informing and handling the implementation of client mandates with effective planning and use of resources
  • Supporting business growth, implementation of new clients, and client retention within the insurance sector working in partnership with other BlackRock teams
  • Acting as a subject matter authority for all derivative types as it relates to setup and processing in compliance with accounting guidelines
  • Representing derivatives accounting on cross-functional projects and working groups in support of delivering key business and client objectives
  • Contributing to the continual development of the investment reporting production and control processes to optimize efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are maintained in line with all current practices
  • Working with vendor partners to ensure that our development priorities are clearly stated and champion the completion of each
  • Providing expert-level support on in person and phone conversations with clients on derivatives-related matters
  • Conducting periodic training with the Investment Accounting Team on new derivatives strategies, product types, and accounting changes

QUALIFICATIONS

  • CPA, ACA, CIMA, or ACCA
  • 8+ years Insurance/Financial Services industry experience
  • Deep understanding of current requirements of accounting standards and regulatory requirements within insurance/financial services sector