Senior Derivative Accountant at Aspida Financial Services LLC

Durham, North Carolina, United States -

Full Time

Start Date

Immediate

Expiry Date

13 May, 26

Salary

0.0

Posted On

12 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Financial Reporting, Derivatives, Hedge Accounting, Analytical Skills, Communication Skills, Excel, Problem-Solving, Collaboration, Financial Analysis

Industry

Financial Services

Description

Description Company Description: Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn. Who We Are: Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida. Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers. What We Are Looking For: The Senior Derivative Accountant will support the business by providing accounting and financial reporting oversight for the company’s derivative instruments and hedge accounting activities. This role requires deep technical accounting expertise related to derivatives, strong analytical skills, and the ability to partner cross-functionally with Investments, Treasury, external service providers, and our Ares Capital asset management team. This role reports to the Director of Investment Reporting and is a hybrid working opportunity, required to be onsite three days a week at our Durham, NC headquarters. What You Will Do: Lead month-end close activities for derivative instruments, including valuation, settlements, accruals, and preparation and review of related journal entries Perform hedge accounting activities in accordance with US GAAP, including maintenance of hedge documentation and execution of hedge effectiveness testing Reconcile derivative positions and valuations between investment systems, custodians, and the general ledger; investigate and resolve reconciling items Perform variance analysis on period-over-period changes in balances and P&L Partner closely with Investments and Treasury teams to understand hedging strategies and evaluate accounting implications of new derivative transactions Prepare derivative-related financial statement schedules and disclosures Partner closely with Investments and Treasury teams to understand hedging strategies and evaluate accounting implications of new derivative transactions Identify opportunities to improve processes, controls, and automation across derivative accounting, reconciliations, and hedge accounting workflows What We Provide: Salaried, DOE Long-Term Incentive Plan Full-Time Full Benefits Package Available What We Believe: Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate! At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items. Requirements What We Require: BA /BS in Accounting, Finance, or related field 5+ years of relevant accounting experience, preferably within insurance, asset management, or financial services Strong understanding of derivative instruments and hedge accounting Advanced Excel skills and strong financial analysis capabilities Excellent analytical, problem-solving, and communication skills Ability to manage multiple priorities and work effectively in a fast-paced, collaborative environment

Responsibilities

The Senior Derivative Accountant will lead month-end close activities for derivative instruments and perform hedge accounting activities in accordance with US GAAP. This role involves partnering with Investments and Treasury teams to understand hedging strategies and evaluate accounting implications of new derivative transactions.