Assistant Controller VP Finance

Company Overview

Converge RE provides reinsurance to life and annuity insurers seeking improved financial efficiency with the reallocation of capital through a well-capitalized A- financial strength rated reinsurance company.

Converge RE combines life and annuity reinsurance with a sophisticated investment strategy built on Lightstone’s superior real estate asset management skills, balanced by a fixed income allocation managed by multiple global asset managers. We pride ourselves on being able to tackle complex reinsurance opportunities and deliver creative client-centric reinsurance solutions while adhering to stringent regulatory and insurer guidelines. The company is focused on steady growth and continued development.

Converge RE is managed by an experienced reinsurance and insurance team that has a track record of solid risk management and delivering long-term results.

Position Overview

The Assistant Controller, VP - Finance will report into the Chief Financial Officer, Converge Re. The Assistant Controller, VP - Finance will help expand and strengthen the statutory accounting and reporting infrastructure, be responsible for understanding and preparing proper treatment of the company’s investment portfolio, and assist in the management of the daily Life and Annuity Reinsurance accounting operations. Additionally, the Assistant Controller, VP - Finance will assist and directly support the Chief Financial Officer, Converge Re with new business opportunities, work on new client and transaction initiatives, and other projects as needed.

Essential Functions

• Assist in accounting for reinsurance customers, including GAAP & STAT reporting as needed
• The ideal candidate will have experience with statutory investment accounting
• Lead the company’s initiatives with forecasting and projections for new business deals
• Experience with insurance invested assets, including fixed income and other investments
• Leverage industry expertise with US GAAP and NAIC guidelines to assist in structuring reinsurance transactions
• Assist with annual financial statements, including footnotes, income statement, balance sheet, statement of cash flows, Stat to GAAP reconciliation and various other schedules.
• Engage with internal and external business leaders to drive business goals and drive best-practice procedures
• Work closely with investment management team on understanding investments and preparing forecasts, budgets, and other ad hoc requests.
• Assist with review of financial models.
• Position may be required to perform duties outside their normal responsibilities as needed and when requested.

Qualifications

• Bachelor’s or Master’s degree in Accounting or Finance
• 5+ years of relevant experience; reinsurance experience preferred/a plus
• Advanced degree in business, finance and accounting a plus
• Experience with US GAAP and Statutory accounting and preparation
• CPA preferred
• Experience in Annuity & Life Insurance
• Must be proficient and have working knowledge of general ledger transactions and financial statement preparation.
• Firm understanding of accounting rules for investments under U.S. GAAP regulations
• Strong analytical skills and ability to remain highly organized in a deadline driven environment while maintaining strict attention to detail.
• Ability to problem-solve and multi-task effectively.
• Demonstrated ability to identify errors, problems and opportunities.
• Proven ability to meet daily and monthly deliverables.
• Independent thinker
• Excellent communication and teamwork skills.
• Advanced proficiency with Microsoft Office suite, with advanced working knowledge of Excel.

Key skills/competency

• Statutory Accounting
• GAAP Reporting
• Investment Portfolio
• Reinsurance
• Financial Statements
• US GAAP
• NAIC Guidelines
• Financial Models
• Microsoft Excel
• Analytical Skills