Candidate
Employer
Accountant – Derivative Accounting, Regulatory Reporting
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Job Description
Accountant, Regulatory Reporting | Brighthouse Financial
The Tone:
This is a full-time role at Brighthouse Financial, located in Charlotte, NC (Hybrid) or Remote. Brighthouse Financial is one of the largest providers of annuities and life insurance in the U.S., specializing in products that help people achieve financial security. This role is crucial for ensuring the accurate accounting and reporting of the company’s derivative investments, which are vital for managing financial exposures and complying with regulatory requirements. You will contribute to maintaining the financial integrity and transparency of Brighthouse Financial’s investment portfolio.
The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Hybrid, Charlotte, NC or Remote
• Pay: $80000–$87000 yearly
• Mission: Support derivative accounting and associated regulatory reporting to ensure compliance and accurate financial statements for Brighthouse Financial.
• Tech Stack: Microsoft Office (Excel, Word, Access), SQL (a plus)
What You’ll Actually Do
• Disclosures: Prepare derivative disclosures for 10-K, 10-Q, QFS, and stand-alone audited financial statements on both GAAP & Statutory bases.
• Reporting Support: Support the preparation of Statutory Blue Book investment derivative schedules.
• Accounting Operations: Assist with preparing journal entries for derivative accounting and support monthly review of reconciliations provided by vendors.
• Implementation: Assist management in implementing new accounting pronouncements and expanding accounting for new derivative strategies.
• Audit & Inquiries: Respond to questions from external and internal auditors, as well as front office and financial reporting teams, regarding qualifying derivatives, documentation, and testing.
The Must-Haves
• Background: Bachelor’s degree in accounting or finance.
• Experience: 2+ years of accounting experience in a public or private company environment. Working knowledge in GAAP or Statutory accounting and reporting is preferred.
• Skills: Strong organizational skills with the ability to track multiple issues simultaneously, excellent verbal and written communication skills, and proficiency in Microsoft Office (Excel, Word, and Access).
• Bonus: Previous experience working with derivatives; experience with SQL.
