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Accounting Division Manager- Limited Partnerships - (Job Number: 0008EK)

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through its "You're In Good Hands With Allstate" slogan, Allstate provides insurance products to more than 14 million households. Allstate Investments, LLC manages $125 Billion of assets. Our goal is to provide sustainable, competitive, risk-adjusted investment returns and investment-related services for the benefit of the Allstate Corporation. Investment performance for our portfolios has consistently provided excess returns for our customers, and we attribute that success in large part to the quality of our people. The size of the investment group exceeds 300 individuals across a variety of investment disciplines including, fixed income, equities, private securities, commercial mortgages and derivative asset classes, as well as, accounting, finance and technology. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged.
The Operations Department within Allstate Investments is expanding to support its newly defined strategic focus areas. This is an exciting time to join our strong team and become a part of an innovative, energetic organization that is growing and expanding globally. For additional information about Allstate Investments, LLC visit our website at www.AllstateInvestments.com.
The purpose of the team is to provide accounting, reporting, analysis and collections for limited partnership investments, including hedge funds. This position will review the investment's financial statements for accounting trends, play an oversight role in the portfolio monitoring process for these assets, and participate in the preparation and review of our investment results. This position will interface with the Asset Class customers and participate and lead in special projects as necessary.
Position Responsibilities:
  1. Build and implement a process for financial statement reviews to audit the completeness of financial data. Reviewing adjustments to record proper and accurate income recognition on the investments.
  2. Participating in the department's oversight function of the quarterly portfolio monitoring process for limited partnership investments.
  3. Performing accounting due diligence reviews, which may include site visits, with a focus on assessing proper internal controls and accounting and valuation practices.
  4. Reviewing and/or preparing monthly, quarterly, and annual limited partnership investment reports and footnotes to meet GAAP and Statutory reporting requirements.
  5. Participating in and coordinating/leading special projects including accounting research.

Qualification

Experience Required:
  • 6-10 years of professional accounting experience and 3-5 years experience directly related to investment accounting.
  • Experience managing staff, either directly or indirectly.
The skills required area:
  1. Advanced - Analytical and problem solving skills that translate to conclusions, recommendations and actionable activities.
  2. Advanced - Demonstrated leadership skills
  3. Advanced - Ability to manage multiple priorities and meet strict financial deadlines
  4. Advanced - Written and oral communication; demonstrated ability to generate succinct communication to all levels of the organization with minimal intervention.
  5. Advanced - Knowledge of published accounting standards and guidelines related to investments.
  6. Advanced - Initiative, self-motivation, professional demeanor and desire to learn.

Allstate Corporation is an Equal Opportunity Employer.

 
Allstate Insurance Corporation 
Document ID: A3314-09AW  
Job Type:  Regular

Job Schedule: Full-time


Posted on: 11/19/2009

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