Sr. Associate Derivatives Accountant

Summary

Lincoln Financial is a financial services company providing insurance, annuity, and retirement solutions. The Sr. Associate Derivatives Accountant supports accounting and reporting for the company’s derivative investment portfolio, including monthly close, statutory reporting, hedge accounting, reconciliations, audits, regulatory requests, and control execution.

Responsibilities

• Supports the monthly statutory close process for derivative investments by preparing accounting entries, schedules, and supporting documentation
• Prepares and maintains statutory reporting schedules and analyses in accordance with established procedures and reporting requirements
• Assists with statutory hedge accounting activities by maintaining documentation, tracking designated hedges, and compiling required reporting information
• Performs reconciliations of derivative-related accounts and researches routine variances, escalating complex issues as appropriate
• Reviews derivative activity and settlements to ensure transactions are accurately recorded and supported by source documentation
• Executes assigned SOX controls and maintains complete and accurate documentation in support of the control environment
• Supports internal and external audit, examination, and regulatory requests by gathering data and preparing supporting materials
• Assists in validating the completeness and accuracy of derivative data, cash flows, and reporting outputs using established review procedures
• Identifies process inefficiencies or recurring issues and recommends practical improvements to templates, procedures, and workflows
• Supports system implementations, testing activities, and process changes by executing assigned tasks and validating results under guidance from more experienced team members

Skills

• 1+ years experience in derivative accounting that directly aligns to the specific responsibilities for this role
• Bachelor's degree or equivalent work experience
• Analytical skills and close attention to detail is necessary
• Effective verbal and written communication skills
• Ability to adapt quickly in a changing work environment

Qualifications

Must Haves

• 1+ years experience in derivative accounting that directly aligns to the specific responsibilities for this role
• Bachelor's degree or equivalent work experience
• Analytical skills and close attention to detail is necessary
• Effective verbal and written communication skills
• Ability to adapt quickly in a changing work environment

Benefits

• Work from home for employees residing outside of a commutable distance to an office location
• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
• Leadership development and virtual training opportunities
• PTO/parental leave
• Competitive 401K and employee benefits
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• Work arrangements that work for you
• Effective productivity/technology tools and training
• The role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual
• Other rewards may include long-term incentives and sales incentives