Description

FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

Summary:

Reports to: Staff VP, Investment Accounting

This position is responsible for providing technical accounting insights and solutions to support the Company's expanding investments portfolio and strategic business initiatives in addition to managing the Company's existing accounting policies in accordance with current and emerging accounting pronouncements across US GAAP, NAIC, and IFRS. This role also provides oversight and technical review of investment‑related financial reporting to ensure accuracy, consistency, and compliance with U.S. GAAP and statutory requirements. This position will be a key member of the global Controller team and work closely with the investments department, finance leaders, and external stakeholders as necessary.

Schedule & Location:

This is a full-time exempt position has a schedule of Monday through Friday with flexible start and end times. This position is office-based in Boston, MA currently with the flexibility to work remotely on Tuesdays or Fridays, weekly.

Responsibilities:

• Partner with investment teams on new investment and derivative opportunities to ensure appropriate accounting treatment and compliance, including VIE analysis, consolidation, and valuation.
• Consult and collaborate with business leaders and partners, external auditors, and other third parties on financial due diligence and PGAAP for acquisitions and dispositions,
• Research accounting guidance and advise global finance teams on resolutions to complex technical accounting and financial reporting situations impacting the investments and insurance businesses under U.S. GAAP, statutory and international frameworks, including derivatives, foreign currency, and reinsurance.
• Provide technical accounting oversight and review of investment‑related financial reporting to ensure accuracy, consistency, and compliance with U.S. GAAP and U.S. Statutory requirements.
• Interpret new and existing accounting standards and assess impact on business operations and support implementations.
• Monitor regulatory developments and communicate accounting policies and implications clearly to internal stakeholders and external auditors.
• Enhance, maintain, and validate appropriate application of accounting policies across the investments and insurance businesses and collaborate with financial reporting teams to ensure consistent and completeness of USGAAP and US Stat financial reporting requirements.
• Identify internal control improvement opportunities and drive improvements in collaboration with accounting teams and internal audit.

Bachelor's degree.

Highly Preferred Education:

• Bachelor's degree with a focus in accounting.
• Professional certification (CPA, CMA, CIA, CISA, etc.).
• Master's degree.

Required Work Experience:

• 6+ years' experience in insurance, technical, and investment accounting.

Highly Preferred Work Experience:

• 8+ years' experience in insurance, technical accounting, and investment accounting
• Experience accounting for bespoke insurance investment products
• Experience with PGAAP and other transaction related reporting requirements
• Experience with system implementations

Required Skills:

• Advanced knowledge of accounting principles and practices to support financial soundness (U.S. GAAP, IFRS, STAT).
• Advanced knowledge of investments, investment accounting, and insurance accounting.
• Advanced Microsoft Office experience, especially with Excel.
• Proficiency with financial systems and software applications including investment accounting systems (Clearwater Analytics), investment systems, PeopleSoft, Microsoft office and various other reporting systems, portals and web-based applications.
• Excellent analytic and problem-solving skills to resolve department specific issues independently.
• Excellent oral and written communication skills for both internal and external needs.