Accountant, Regulatory Reporting

Where you’ll work:
Our flexible, hybrid work model offers the option to work remotely or in the office.

How you’ll contribute: 

As an Accountant in Regulatory Reporting you will be responsible for supporting the Derivative accounting team and associated reporting for Brighthouse Financial’s investments in derivative instruments. The company uses derivatives to manage its exposures to changes in interest rates, foreign currency exchange rates, equity markets and credit risk across its diverse investment portfolio as well as hedging liabilities. Some of these derivatives are designated as qualifying hedges for GAAP and STAT and have special documentation and accounting requirements.

In this role, you’ll get to:

• Prepare derivatives disclosures in the 10-K, 10-Q, QFS, and stand-alone audited financial statements for on a GAAP & Statutory basis.
• Support preparation of Statutory Blue Book investment derivative schedules.
• Assist with preparing journal entries for derivative accounting
• Assist management in monthly review of reconciliations provided by vendor
• Assist management in implementation of new accounting pronouncements impacting derivatives
• Support management’s initiative to expand or implement accounting for new derivative strategies
• On-going tracking of hedged items for derivative accounting
• Preparing documentation of processes and controls associated with the hedge accounting program
• Analyze and validate data from internal and external sources.
• Develop accurate and timely ad hoc reports.
• Analyze business critical data and recommend improvements.
• Maintain accurate, meaningful and updated technical and non-technical documentation pertaining to all aspects of responsibilities.
• Respond to questions from external and internal auditors, front office and financial reporting teams regarding qualifying derivatives, documentation & testing

We’re looking for people who have: 

• Bachelor’s degree in Accounting, Finance
• 2+ years of accounting experience in a public or private company environment is preferred
• Working knowledge in GAAP or Statutory accounting and reporting is preferred;
• Previous experience working with derivatives is a plus
• Organizational skills and ability to track various issues at one time
• Excellent oral and written communication skills
• Proficiency in Microsoft Office (Excel, Word, and Access) required
• Experience with SQL is a plus

Research shows some people may not apply for a role if they don’t check all the boxes of a job description. If you don’t check every box listed, that’s okay. We would love to hear from you.

What you’ll receive:

• Compensation – Base salary ranging from $75,000 - $85,000 plus competitive performance-based incentives determined by company and individual results.
• Flexible Work Environment – Work remotely or in the office to better thrive in all areas of life.
• Paid Time Off – Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
• Financial Health – Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling services.
• Health and Wellness – Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
• Family Support – Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
• Life and Disability Support – Gain access to company-paid basic life insurance and short-term disability insurance.

The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We’d love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

Why join us?
Brighthouse Financial is on a mission to help people achieve financial security. Our company is one of the largest providers of annuities and life insurance in the U.S.,* and we specialize in products designed to help people protect what they’ve earned and ensure it lasts.

We empower employees to collaborate, bring their passion to work, and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and experiences. You can find out more about our company culture by visiting brighthousefinancial.com/about-us/careers/.

We’re one of the largest providers of annuities and life insurance in the U.S.,* and our commitment to being a great place to work has earned us recognition from Forbes as one of America’s Best Midsize Employers, from Newsweek as one of the Most Trustworthy Companies in America, and as one of the Healthiest Employers of Greater Charlotte.

* Ranked by 2023 admitted assets. Best’s Review®: Top 200 U.S. Life/Health Insurers. AM Best, 2024.