Head of Commercial Mortgage Loan Accounting and Reporting natives Fund Accounting - Multi-Focus (Level 08)

Insurance Operations/Accounting - Directing, reviewing and performing the GAAP/STAT accounting for Alternative Investment products, with a focus on Commercial Mortgage Loans, as well as Regulatory Reporting and full valuations of Insurance Client Assets. Researching new US GAAP and STAT Accounting requirements and establishing project plan for implementing. Also performs analysis and advisory services for new product development and potential external clients.

Prime Responsibilities

• Direct team of accounting and operations personnel supporting a sizeable Commercial Mortgage Loan book
• Supporting technical configuration into Clearwater Analytics from servicer and AB systems; system owner for product servicing of both client and internal parties accounting data needs
• Management level oversight of the Clearwater processing for Commercial Mortgage Loan activity and data which ultimately feeds client ledger and Schedule B reporting
• Providing Insurance accounting advise to CML front office, deal participation, and support for complex workout scenarios
• Responsible for Investments Under Surveillance reporting (e.g. allowances and impairments)
• Responsible for equity investment reporting when loans default and are converted to Real Estate Owned
• Responsibility for the accounting interface (journal entries) into the Equitable General Ledger
• Work within AB to develop processes and controls for new products, with focus on Commercial Mortgage Loans
• Develop SOC-1 for insurance products and review of SOC-1 documents issued by AB/EQH service providers
• Work with internal and external audit teams for SOX and Substantive audits

• Review of current and proposed regulatory requirements for alternative products to ensure current and future GAAP and STAT reporting is compliant
• Ensuring data & reporting are delivered timely and accurately with focus on monthly/quarterly/year-end activities

Secondary Responsibilities

• Develop accounting and reporting packages for delivery to Equitable and Third-Party Accounting Teams

• Responsibility for the review of accounting packages and journal entries for the following Private Alts products into the EQH General Ledger:
  • Merger Arb Fund
  • CLO Funds
  • CarVal Residential Mortgages
  • ECRED Fund
  • AB Lend Fund (Private Credit Loans)
  • Private Placements and other Specialty Direct Investments

• Support Private Alts Infrastructure and Insurance SBUs on new products, RFP's and other client requirements
• Support AB Investment professionals & Client Group/Sales in respect of rules & regulation changes (e.g. NAIC updates)

Nashville, Tennessee