Investment Accountant | NSW - Sydney

Allianz Retire

AllianzRetire+ is breaking new ground to improve the quality of life for millions of Australians who are living longer, healthier lives in retirement.  We are a new business backed by industry leaders Allianz and PIMCO.  We are challenging the status-quo to bring new solutions for Australian retirees combining Allianz's world-class insurance and product know-how with PIMCO's unrivalled investment capability. 

Our vision is to enable everyone to live their best retirement. 

An awesome opportunity has arisen to join our talented, diverse and rapidly growing Finance team. 

Investment Accountant

We are a dynamic team building a new business in the retirement income space and have just launched our first product, Future Safe, which is an investment account contract under the Life Act.

The key responsibilities of the role are as follows:

  1. Work closely with our custodian, NAS, to oversee and manage all aspects of the investment accounting function for our new products, and
  2. Enable the business to meet regulatory and tax obligations by supporting the key product & taxation accounting analysis required. 

In the role, you will need to establish sound working relationships with external and internal customers and vendors, promoting Allianz People attributes and a high performance culture. You will be required to manage networks with the multiple stakeholder entities that are part of this business, including Allianz Australia, Allianz Investment Management, Allianz Life Insurance Company of North America, NAS and PIMCO Australia.

In this role, you will be directly responsible for:

  • Daily cash monitoring & management of cash transfers between Investment Portfolios - effectively overseeing the Treasury Management of the Statutory Funds of the new Life Insurance business.
  • Review & reconciliations of daily hedging instructions to the custodian for options and collateral positions.
  • Regular reporting on derivative position and performance
  • Review of custodian & investment manager performance & compliance reports to;
    1. Meet all Investment reporting deadlines for Month end reporting
    2. Enable preparation of regular papers for Management & Board – in particular supporting the preparation of monthly financial statements – including review for accuracy and preparation of commentary, trends and analysis regarding investment matters
  • Oversee performance against Service Level Agreements of;
    1. Allianz Investment Management (Hedging),
    2. PIMCO (Investment Management)
    3. NAS (Custodian)
  • Support the management of specific product accounting requirements to meet regulatory and tax requirements;
    1. tracking status of pricing and investment assumptions;
    2. Tax segregation buckets, to differentiate assets backing policies in complying super, tax free pension or non-super / ordinary status.
  • Representing the business on a new project to transition the day to day investment accounting from NAS as the outsourced investment accountant to in-house, and the adoption of IFRS 9. 

To be successful in this role, you will possess:

  • Accounting post graduate accreditation (CA/CPA), or equivalent
  • Experience in investment accounting for a fund manager or other like organisation
  • Solid understanding of IFRS 9 and/or IAS 39
  • Understanding of derivative management processes (direct experience desirable)
  • Previous exposure with the Bloomberg system, used to manage our portfolio of options (desirable)
  • Experience delivering reconciliations and regular group and internal management reporting and analysis
  • Experience in establishing sound working relationships with external and internal customers & vendors
  • Strong time management & organisational skills 

Be part of a collaborative, passionate and diverse team creating outstanding solutions for the specific challenges of retirement.

You'll work with international experts in investment and risk backed by two industry leaders.  We will give you the flexibility and opportunity to shine in a business where every contribution counts.   This is your chance to make a difference.








Search Tips