Derivative Accounting Analyst (Hybrid - Birmingham, Alabama)

The work we do has an impact on millions of lives, and you can be a part of it.

We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.

We are seeking an Analyst to join our Investment Accounting team. This role is responsible for reviewing and performing certain investment accounting functions for the Company’s $79 billion investment portfolio. This role will work closely and collaboratively with numerous areas including other areas of accounting, investment management, investment operations, asset/liability management, finance, and corporate planning.

This role’s responsibilities will include, but will not be limited to:

•             Prepare quarterly investment reporting schedules for GAAP filings, Statutory financial reporting, and management reporting, including to the Company’s Parent, Dai-ichi Life Holdings, Inc.

•             Prepare monthly management reporting and analysis of the Company’s investment portfolio

•             Participate in various Derivative Accounting projects. Work with IT and management to establish parameters, priority, and timeline, and participate in testing and implementation.  Track project status, deliverables, and completion dates.

•             Participate in daily derivatives accounting operations functions

•             Assist with the development, management, and maintenance of derivative-related data used for internal and external reporting including transactions, positions, performance, and analytics

•             Perform, coordinate and review analysis of certain aspects of derivative instruments (Pricing, payables/receivables, etc.)

•             Perform key investment accounting functions/reporting as they may change from period to period

•             Develop deepening understanding of investment accounting function and how it affects the organization - we are relied upon as subject-matter experts within the organization with respect to derivatives accounting

•             Cooperate with accounting policy team to evaluate the accounting for new types of derivative transactions, to implement new accounting standards and requirements and ensure compliance with existing regulations

•             Apply problem-solving skills to understand and resolve issues in coordination with both internal and external data providers

•             Create and maintain process documentation and work instructions for job functions

•             Complete various ad hoc requests/projects

• Bachelor of Science in Accounting from an accredited university
• 2+ years of accounting experience
• CPA designation is a plus
• Previous experience with Investments/Derivatives is a plus
• Exposure to GAAP and Statutory Accounting is a plus
• Experience in Excel
• Candidate must exhibit intellectual curiosity and be a lifelong learner
• Strong organization and time-management skills to accomplish all tasks in established deadlines
• Solid analytical skills, high level of accuracy, excellent attention to detail, with ability to communicate effectively, accurately, and in a professional manner
• Ability to take ownership, develop and complete complex, multifaceted projects
• Must be able to effectively handle multiple projects simultaneously in a deadline-driven environment
• Ability to work independently and as part of a team taking on new responsibilities with a high-level of importance
• Ability to work with minimal up-front guidance and take ownership of work product

Please note: the internal title for this role is Analyst II, General Accounting

Employee Benefits:  

We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health.  Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.   

Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.

Accommodations for Applicants with a Disability:

If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  General employment questions should not be sent through this process.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.