eFinancialCareers

• Company

  Western Asset Management Company

• Location

  USA-NY-New York City

• Compensation

  base plus discretionary performance bonus

• Position Type

  Employee

• Employment type

  Full time

• Updated

  29 Dec 2008

• eFC Ref no

  478983

Western Asset Management, a global leader in fixed income investments with over $620 billion in assets under management has an opening in their Investment Support Department for Leader – Insurance Accounting Policy. This person will lead the tactical/strategic operational and accounting initiatives supporting insurance clients.

• Assure proper compliance of all relevant FASB pronouncements for all insurance clients

• Provide expertise on accounting regulations specific to Insurance client portfolios

• Act as a technical consultant to the Insurance Product Manager

• Apply “best practice” approach in determining client solutions.

• Keep abreast of insurance industry changes and the related impacts on the firm’s business lines.

• Interface with external and internal clients, senior management, and auditors as required.

• Improve communication and reporting between various areas.

• Act as a consulting resource for WAM’s client service team to address FASB and/or statutory accounting impacts that effect the insurance client base.

Academic requirement:  Four year degree in related field.

• 5-8 years of financial services experience with an emphasis on insurance accounting including statutory reporting.

• CPA preferred.

• In depth knowledge of FASB pronouncements and statutory reporting for insurance companies

• Understanding of financial products and the accounting for complex financial instruments.

• Understanding of SEC and FRB regulations and the impact on accounting rules.

• Demonstrated ability to work well in a team oriented environment.