The Investment Services Specialist will be responsible for investment portfolio evaluation of large financial services entities, identifying specific investment risk related issues, and recommending solutions to address findings. This position has opportunity for advancement as well as personal and professional growth.
Specific Duties and Responsibilities
Review and provide analysis for companies' investment strategies, products, portfolios, investment plans, and agreements
Review of entity's investment policies, guidelines, procedures and controls regarding investment accounts, performance of procedures to verify or establish existence, ownership, and valuation of investment accounts. Ability to compare and contrast findings with industry competitors
Review and assess statutory investment filings, investment laws, and financial accounting treatment for various asset types.
Review valuation and assess impairment of investments including: structured products, mortgages, derivatives, and various other fixed income and alternative investments.
Review company's investment risk management and governance process
Review and assess company's derivative investment portfolio and hedging program
Execute testing of compliance with state laws, rules and regulations.
Review and evaluate investment related agreements, including custodial account agreements.
Execute project plan independently or with a team.
Review Internal and External Audit plans for reasonableness and adequacy of investment audits.
Participate in client status meetings, prepare and review deliverables, and assist in identifying issues which will be communicated to the client.
Bachelor's Degree in Accounting or Finance
Minimum of 10 years total professional experience
Knowledge of Insurance Company Capital Standards
Knowledge of Investment activities utilized by Insurers. (Sec Lending, hedging, ALM, funding agreements, investment contracts. etc)
Capital Markets experience
MBA and/or professional certification/s preferred; including Chartered Alternative Investment Analyst designation (CAIA), Chartered Financial Analyst (CFA), Insurance or Financial Services Industry, preferred
Experience with derivatives
Demonstrated problem solving skills
PC skills, including experience in using software for producing presentations, spreadsheets, and project planning
Demonstrated history of project management experience
Ability to interact with all levels including executives and senior managers
Strong interpersonal, presentation, analytical and statistical sampling skills
Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments
Exceptional written and verbal communication skills are required
Dynamic/flexible demeanor with exceptional client service skills
Forward-thinking leader with a collaborative focus who can consult effectively with key constituents and become recognized as a valued resource
Must be self-motivated and possess a sense of urgency
Skilled in team building and team development
Flexibility to travel
Ability to demonstrate ethical and professional standards as outlined by the Firm
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Risk & Regulatory Consulting, LLC (RRC) was formerly a business segment of RSM US LLP (formerly McGladrey) until 2012 when the separate legal entity was formed. RRC is a strategic business partner with RSM providing actuarial and insurance industry consulting services to RSM clients.
Risk & Regulatory Consulting, LLC (RRC) is a national, leading professional services firm dedicated to providing exceptional regulatory services to clients. With over 100 experienced insurance professionals located in 22 states, we believe RRC is uniquely positioned to serve state insurance departments. We offer services in the following regulatory areas: financial examinations, market conduct examinations, insolvency and receiverships, actuarial services and valuations, investment analysis, reinsurance expertise, market analysis and compliance, and special projects. We are a results oriented firm committed to success that builds long term relationships with our clients.
RRC is managed by seven partners and our practice includes full time professionals dedicated to our regulatory clients. We are focused on listening to your needs and designing customized examination, consulting, and training solutions that address your needs. We bring multiple service lines together to provide superior and seamless service to our clients. We are committed to training our customers and our team. We have developed various comprehensive in house training programs that have been tailored to meet the needs of our regulatory clients. We offer competitive pricing, outstanding experience, credentials and references. RRC is an active participant in the NAIC, SOFE, and IRES.