What are the responsibilities and job description for the Investment Accountant position at SFBLI?
Job Opportunity: Investment Accountant at Southern Farm Bureau Life Insurance
Company Overview: Southern Farm Bureau Life Insurance is a leading provider of life insurance and financial services. We are committed to serving our policyholders and communities with integrity and excellence. As the Investment Accountant, you’ll be an essential part of our Accounting team, contributing to the success of our organization.
Location: Jackson, MS
Role and Responsibilities: Under direction of management or senior staff, the Investment Accountant maintains the integrity and accuracy of investment statutory and regulatory reporting by entering and reconciling investment transactions in securities, mortgage loan, and other invested asset accounting systems. This includes trade settlement resolutions and reconciliations with custodian banks and external money managers.
Your responsibilities will include:
- Oversee the preparation and review of financial statement quarterly exhibits, including schedules A, B, BA, D, DA, and E, AVR, IMR, exhibits of net investment income, capital gains/losses, and A/S notes and general interrogatories for investments. Also prepare data provided to auditors and industry-related organizations (A.M. Best, ACLI, Weiss).
- Prepare internal reports for the quarterly Board meetings as directed by the Chief Financial Officer, including analytical summaries, investment income analysis, and various other breakdowns for all asset classes.
- Oversee and maintain tax reporting for investments, including compilation of limited partnership data and preparation of schedules A, B, and D of the tax return.
- Work daily with Clearwater to resolve trade issues and provide assistance regarding the proper accounting for special transactions like exchanges, conversions, derivatives (options, puts, and calls).
- Update EAS system monthly with general ledger file received from Clearwater. Process additional journal entries needed and reconcile all investment-related accounts.
- Review and reconcile monthly reports, including the IMR calculation reported by Clearwater.
- Process all mortgage loan activity on Precision LMS daily and maintain accompanying mortgage loan spreadsheets, including transactions related to deposits, disbursements, and monthly mortgage loan fees.
- Initiate limited partnership (LP) document workflow and process all cash activity in the Alternative Investment System. Follow up as needed with LP fund managers and the Securities Management department on transaction details.
- Enter and reconcile details of quarterly LP capital account statements and annual co-investment financial statements.
- Prepare the AVR calculations, as well as related analytical work papers.
Qualifications:
- Bachelor’s degree in a business related field or an Associate’s degree in a business related field with 3-years experience in a financial area (preferably Securities experience)
- Successful completion of the Business Analysis Aptitude Test
- Basic skills using Microsoft Word and Excel
- Basic analytical skills
- Strong oral and written communication skills
- Strong office administration and organizational skills
- Ability to function effectively in the workplace as exhibited through one's integrity, courage to act and communication skills
- Ability to work with others effectively as exhibited through one's respect for people and commitment to teamwork
- Ability to meet organizational goals and customer expectations as exhibited through one's accountability for results, commitment to service and initiative
- Ability to perform the essential functions of the job as exhibited through one's growth in job knowledge and professional development
Employee Benefits: We value our employees’ well-being and offer a comprehensive benefits package:
- Health Insurance:
- Comprehensive coverage for employees and their families.
- Access to an onsite clinic, preventive care, and prescription drugs.
- Mental health coverage and an Employee Assistance Program.
- Active Lifestyle Rewards Program:
- Incentives for maintaining an active lifestyle.
- Rewards for participating in fitness challenges and wellness activities.
- Weight Management Programs:
- Customized weight management plans.
- Support for achieving and maintaining a healthy weight.
- Employee Engagement:
- Opportunities to connect with colleagues.
- Fun teambuilding activities.
- Annual events for employees and their families
- Company Picnic, Thanksgiving lunch, Christmas Reception.
- Family Fun Night
- Onsite Cafe:
- Convenient access to nutritious meals.
- Promoting healthy eating habits.
- Learning & Development:
- Continuous learning opportunities.
- Tuition reimbursement for further education.
- Mentorship Programs:
- Pairing employees with mentors.
- Professional growth and guidance.
- Promotional Opportunities:
- Advancement within the company.
- Career growth prospects.
- Life Insurance and Company-Funded Pension:
- Financial security for employees and beneficiaries.
- Retirement planning.
- Volunteer Days:
- Paid time off for volunteering.
- Contributing to the community.
