Director of Partnership Accounting - Alternative Investments

Director of Partnership Accounting - Alternative Investments

Alternative Investments, Investment Controllership

Full-Time

New York City, Springfield, MA or Boston, MA

The Opportunity

Reporting to the Director of Alternative Investments, the Director of Partnership Accounting will be a key partner and representative to the investment accounting processes. This position will lead a team of employees and a third-party partner.

As a Director in the Controllers Organization of Corporate Finance, you will join a team dedicated to becoming best-in-class financial stewards for the company. We seek forward-thinking individuals who bring curiosity, take initiative, and collaborate with determination to leave the organization in a better place than they found it. As a Director, you will oversee and execute investment accounting and analysis, including financial reporting outcomes for all partnership investment products. This includes private equity, real estate equity, special purpose vehicles, and investment subsidiaries.

You will thrive in a highly dynamic and agile accounting environment focused on execution and continuous improvement. If you aspire to work as part of a diverse team of highly motivated professionals, this is your opportunity. Our team embraces a hybrid work structure to maximize collaboration and flexibility, blending time working remotely and in the office.

The Team

The Investment Controllership Team is a high-profile team in the Controllers Organization, composed of accountants who oversee various asset classes and investment activities. The team continues to expand in response to the growing level of assets, key initiatives, and special projects.

We pride ourselves on providing timely and accurate financial information to our stakeholders. Our culture emphasizes inquisitive approaches to work, identifying issues with precision, and holding ourselves accountable to resolve them. By working collaboratively, we continuously improve as individuals and as a team, enhancing processes and outcomes.

The Impact

• Lead a team responsible for ensuring the accurate, timely completion of monthly, quarterly, and annual accounting close cycles for complex investment accounting. This includes activities completed by third-party accounting service providers.
• Develop, document, and ensure adherence to an internal control framework for accurate and timely financial reporting. Implement new control processes and assess improvements by evaluating end-to-end impacts on partnership accounting.
• Drive initiatives to increase efficiency and add value.
• Analyze trends and results, using strong business acumen and communication skills to collaborate with peers and draft commentary to explain how performance impacts financial results.
• Oversee the accuracy and timely completion of Partnership footnotes and NAIC schedules.
• Perform frequent ad hoc analyses and support special projects.
• Re-design processes in response to the growth of investment strategies, including developing analytics for quarterly partnership results.
• Serve as the primary point of contact for external auditors on all partnership-related matters.
• Collaborate effectively with accounting policy, the Chief Investment Office, tax, financial reporting, capital management, and business unit controllers.
• Lead research and implementation of new statutory and GAAP investment accounting requirements, determining processes for new investments and related transactions.

The Minimum Qualifications

• Bachelor’s or Master’s degree in accounting, finance, or a related field.
• 8 years of relevant experience in Alternative Investment Accounting, including direct experience in private equity, venture capital, or hedge fund accounting.
• 1 years of experience leading teams in a deliverable-oriented environment.

The Ideal Qualifications

• Experience in investment GAAP and statutory accounting for insurance companies.
• 1 years of experience developing and managing onshore and offshore teams.
• CPA designation or progress toward completion preferred.
• Demonstrated experience identifying internal control issues and driving remediation efforts.
• Experience supporting multiple corporate units.
• Lean Six Sigma environment experience with strong root-cause problem-solving skills preferred.
• Proven ability to partner with and influence business leaders in investment process redesign and improvements.
• Proficiency in analyzing investment data and its implications for accounting, including experience with ERP tools (SAP, Hyperion, NetSuite, etc.).
• Intellectual curiosity and a commitment to continuous learning and growth.

What to Expect

• Regular meetings with the Investments Accounting Team.
• Focused one-on-one meetings with your manager.
• Access to mentorship opportunities.
• Networking opportunities, including access to business resource groups focused on diversity and inclusion (e.g., Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran, and disability-focused groups).
• Access to extensive learning resources and platforms like Degreed.
• An ethical and supportive environment with industry-leading pay and benefits.