SVP, Head of Investment Accounting

Location: New York (preferred)

However, we can consider candidates to work remotely if they are based on the East Coast.

About you and the role:

The SVP Head of Investment Accounting has overall accountability for:

• Day-to-day oversight of the complete monthly, quarterly and annual investment accounting financial close and reporting cycle for about $20 billion investment portfolio
• Driving process improvements through team leadership, process automation and implementation of effective technology
• Developing infrastructure to provide detailed analysis of portfolio movements and communicate those to key stakeholders
• Maintaining a prioritization and resource model that allows for simultaneous execution of financial close and analysis processes, onboarding of new asset classes and execution of projects
• Partnering with stakeholders to drive process automation and to foster an environment of continuous process improvement

This position will work closely with the Chief Investment Officer and Investment Management Department to provide analytical insights that will be helpful in managing the investment portfolio. In addition, this position will work closely with the Chief Accounting Officer, SVP Head of Accounting and Reporting and regional finance departments to provide timely, accurate and complete information for internal and external reporting purposes.

What you will be doing:

Key Accountabilities

Act as the primary liaison with other departments within the organization such as Investment Management, Treasury and Risk

- Provide technical investment accounting guidance for multiple investment types including but not limited to: limited partnerships, private placements, structured securities, corporate bonds and derivatives

- Oversight of the timely close process for investment bookings under the U.S. GAAP basis of accounting across all regions

- Timely review of supporting schedules used for and disclosures included in the groups quarterly 10Q, annual 10K, quarterly BSCR and quarterly Solvency II reporting to ensure accuracy, completeness and compliance with regulatory requirements

- Responsible for investment accounting related materials included in communications to rating agencies, investment managers, both internal and external, and the group and local board of directors

- Ensure compliance with all Sarbanes-Oxley requirements in relation to investment accounting, providing relevant information to internal and external auditors during the quarterly and annual review process

- Responsible for the effective and scalable use of highly motivated and competent professionals

- Manage the effective use and integration of investment accounting systems while supporting the broader Finance Change initiatives

-Responsible for coaching, developing, and motivating direct reports. Responsibilities include but are not limited to recruitment and selection; employee appraisals and proactively addressing employee grievance and performance issues.It is important that these duties are carried out in accordance with Company policies and practices and in conjunction with HR.

- In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.

What you will bring:

- Minimum of 10 years experience in investment accounting with a minimum of 7 years experience managing an accounting or finance team

- Qualified accountant (CA, CPA, CMA, CGA or ACA)

- Worked with various investment types managed by multiple custodian and asset managers including: Fixed income,, publicly-traded equities, privately-held equities and alternative investments

- Experience working with multiple currencies preferred

- Experience with evaluating fair value of investments, reviewing valuations and ensuring appropriateness of related disclosures

- Expert knowledge of SEC and U.S. GAAP reporting requirements in relation to investments

- Sarbanes Oxley controls experience; GAAP regulatory compliance experience preferred

- Working knowledge of the Clearwater Analytics investment system and Bloomberg, preferred

- International regulatory requirements such as BSCR and Solvency II reporting preferred

- Proven track record of working effectively in a team environment, managing staff, interacting with other departments and executives throughout the group while demonstrating professionalism

- Excellent communication (written and verbal) and interpersonal skills necessary to articulate the appropriate message at various levels and tailor it to suit the audience

- Self-motivated individual who can work on their own initiative while meeting tight deadlines

- Confident in training and developing staff

- Ability to balance business as usual activity alongside the transformation agenda

- Strong Excel skills

- If based in U.S., ability to travel to Bermuda

Your Benefits:

Enstar offers best-in-class bundled Medical, Dental, and Vision healthcare for single and family coverage.

Board-certified doctors and pediatricians are available virtually 24/7 for urgent care.

Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).

Access to Dependent Care FSA to cover daycare expenses.

Access to Employee Assistance Programs (EAP) for health and well-being.

Optional Pet & Home/Auto Insurance.

Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).

401K retirement plant (company matches up to 6% of employee contribution).

One paid annual volunteer day.

General Info

The target base salary pay range for this role is $223,000- $275,000.

*Target full-time equivalent base salary range is based on relevant market data. The actual salary offered will depend on applicable market data for hiring location and relevant candidate knowledge, skills/experience. This salary range is not inclusive of applicable discretionary incentives.

Who we are:

Enstar Group Limited (Enstar or EGL) is a leading global insurance group and the worlds largest standalone consolidator of legacy reinsurance business.

Through our network of group companies, we help others principally other insurance companies release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these legacy insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.

Enstars innovative re/insurance solutions help our partners to reduce risk, release capital, dispose of non-core businesses and portfolios, achieve finality and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold.

With around 800 global employees, our network of group companies is positioned across the worlds major insurance hubs and has significant presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.

Enstars balance sheet strength is supported through flagship carrier, Cavello Bay, who benefits from strong financial strength ratings of A by Standard and Poors and A Excellent with stable outlook by AM Best.Enstar held Shareholders Equity of $6.1 billion as of 31 December 2024.

For further information about us, visitwww.enstargroup.com.

Our Values:

ENTREPRENEURIAL

Acharacteristic that is core to our culture: we encourage an entrepreneurial spirit, our colleagues have autonomy to shape strategy, innovate new revenue streams and we reward those who are commercially focused.

NIMBLE

We are quick to respond to change. We embrace new technology and new lines of business according to market demands. We grasp new concepts quickly, are able to deliver in a timely manner and can improvise when needed.

SOLUTIONS FOCUSED

We are resilient, successful, have a winning mentality, possess a strong work ethic. We believe in getting it done.

TEAMWORK

Our strength is working together as a Group, across regions, companies and disciplines. We firmly believe the sum of our collective effort, knowledge and ambition will always outweigh our individual contributions. We work as a trusted partner to our clients.

AWARE

We use our knowledge and experience to stay aware of market trends, acquisition opportunities and other influencers that could impact us and our competitors. Our constant awareness means that we are vigilant, innovative and responsive.

RELEVANT

At all times we strive to undertake actions that are relevant to help us achieve our vision, and to ensure we remain a provider of relevant insurance solutions to the market. We have shown a capacity to evolve and will continue to do so in order to ensure our ongoing relevance to the market.

Equal Opportunities at Enstar:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. Were an equal opportunity employer and believe that our diversity creates an authentic working culture.We dont discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation.Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.