Commercial Mortgage Loan Accounting And Reporting Analyst

Company Description

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.

Insurance Operations/Accounting – Directing, reviewing and performing the GAAP/STAT accounting for Alternative Investment products, with a focus on Commercial Mortgage Loans, as well as Regulatory Reporting and full valuations of Insurance Client Assets. Researching new US GAAP and STAT Accounting requirements and establishing project plan for implementing. Also performs analysis and advisory services for new product development and potential external clients.

Prime Responsibilities

• Support accounting for a sizeable Commercial Mortgage Loan book
• Oversight of the technical configuration into Clearwater Analytics from servicer and AB systems
• Day to day oversight of the Clearwater processing for Commercial Mortgage Loan activity and data which ultimately feeds client ledger and Schedule B reporting
• Running data integrity checks in Clearwater to ensure that all security master and loan attributes are accurately populated for the CML assets
• Suspense account reconciliation to custodian
• Open Payable/Receivable monitoring with Commercial Mortgage Loan Operations team
• Client account ledger reconciliation
• Processing entries to Equitable accounting interface (journal entries) into the General Ledger
• Work within AB to develop processes and controls for new products, with focus on Commercial Mortgage Loans
• Work with internal and external audit teams for SOX and Substantive audits
• Ensuring data & reporting are delivered timely and accurately with focus on monthly/quarterly/year-end activities
  
  

• Develop accounting and reporting packages for delivery to Equitable and Third-Party Accounting Teams

• Responsibility for producing accounting packages and journal entries for the following Private Alts products into the EQH General Ledger:
• Merger Arb Fund
• CLO Funds
• CarVal Residential Mortgages
• ECRED Fund
• AB Lend Fund (Private Credit Loans)
• Private Placements and other Specialty Direct Investments