Investment Accounting & Financial Reporting Leader

THEODROS ENDALEW

Chicago, Illinois Phone: 312-***-**** ************@*****.*** LinkedIn: profile

linkedin.com/in/theodros-endalew-m-s-accounting-7522a074

PROFESSIONAL SUMMARY

Experienced Accounting and Finance Professional with 9+ years of progressive experience in investment accounting, statutory reporting, insurance accounting, healthcare accounting, and financial reporting.

Proven expertise in investment portfolio accounting, NAIC statutory reporting, GAAP compliance, month-end close, reconciliations, financial analysis, and regulatory reporting.

Strong background supporting insurance and investment portfolios exceeding $1.6 billion in assets under management (AUM) across fixed income, equities, mutual funds, and alternative investments.

PROFESSIONAL EXPERIENCE

Senior Consultant/Accountant – Fund Accounting

Northern Trust, Chicago, IL

January 2025 – Present

Support accounting, reconciliation, valuation, and reporting activities for investment portfolios totaling more than $1.6 billion in Assets Under Management (AUM) across multiple insurance and institutional investment funds.

Investment Accounting & Reporting

Manage accounting and reporting for Fixed Income Securities including Treasuries, Corporate Bonds, Structured Debt, Asset-Backed Securities (ABS), and Mortgage-Backed Securities (MBS).

Support accounting for Equity Securities, Mutual Funds, and Alternative Investments including Private Equity, Limited Partnerships, and Hedge Funds.

Perform multi-fund and multi-entity investment accounting and reporting.

Statutory & Regulatory Reporting

Prepare and review NAIC Statutory Accounting (SAP) reporting requirements.

Support Schedule D, Schedule BA, and investment-related statutory reporting.

Perform GAAP, Statutory (SAP), and Tax basis reporting and reconciliations.

Conduct Risk-Based Capital (RBC) analysis and investment exposure reviews.

Validate NAIC designations and asset classifications.

Valuation & Technical Accounting

Perform premium and discount amortization/accretion calculations.

Review investment income accruals and yield calculations.

Execute fair value reviews and price validation controls.

Complete custody versus internal accounting reconciliations.

Analyze capital statements, NAV reporting, and investment activity.

Financial Close & Controls

Support month-end and quarter-end close processes.

Perform investment subledger reconciliations and exception analysis.

Assist with regulatory examinations and external audits.

Improve reporting processes and strengthen internal controls.

Senior Staff Accountant

Group 1001, Chicago, IL

April 2021 – January 2025

Managed statutory accounting, regulatory reporting, and financial close activities for seven insurance entities while ensuring compliance with NAIC, SAP, and U.S. GAAP requirements.

Statutory Accounting & Regulatory Reporting

Prepared and reviewed quarterly and annual statutory financial statements in accordance with NAIC requirements.

Completed statutory schedules and reports including:

oBalance Sheet

oStatement of Income

oStatement of Cash Flows

oStatement of Changes in Capital & Surplus

oSchedule D

oSchedule T

oSchedule Y

oGeneral Interrogatories

Month-End Close & Financial Reporting

Executed full-cycle month-end close activities including journal entries, accruals, deferrals, amortization, tax provisions, and intercompany allocations.

Recorded premium revenue, investment activity, capital contributions (APIC), and preferred stock transactions.

Performed multi-entity account reconciliations and bank reconciliations.

Financial Analysis & Process Improvement

Conducted monthly variance analysis for SG&A and operating expenses.

Prepared risk charge allocation entries and supporting documentation.

Enhanced reporting processes through improved documentation and internal controls.

Audit & Compliance

Supported internal and external audits by preparing schedules and reconciliations.

Ensured compliance with statutory accounting standards and internal control requirements.

Senior Staff Accountant

Pipeline Health / Tenet Healthcare, Chicago, IL

2017 – 2021

Supported accounting operations, month-end close, financial reporting, lease accounting, and intercompany activities across multiple healthcare entities.

Month-End Close & General Accounting

Prepared and analyzed journal entries supporting monthly financial close.

Performed balance sheet reconciliations and investigated account variances.

Calculated and recorded prepaid expense amortization.

Managed fixed asset accounting and depreciation schedules.

Intercompany & Grants Accounting

Processed intercompany netting transactions and related journal entries.

Completed monthly intercompany confirmations and reconciliations.

Monitored grant funding and ensured compliance with reporting requirements.

Lease Accounting, Banking & Audit Support

Accounted for operating and finance leases under ASC 842.

Recorded and reconciled right-of-use (ROU) assets and lease liabilities.

Managed banking transactions and cash reconciliations.

Prepared financial reports and audit support schedules.

EDUCATION

Master of Science in Accounting (MSA)

Northeastern Illinois University (In Progress)

Bachelor of Science in Accounting

Northeastern Illinois University

TECHNICAL SKILLS

Investment Accounting

Fund Accounting

Statutory Accounting (SAP)

U.S. GAAP

NAIC Reporting

Schedule D / BA / Y

Risk-Based Capital (RBC)

Financial Reporting

Fixed Income Securities

Alternative Investments

Hedge Funds & Private Equity

Month-End Close

Account Reconciliations

Financial Analysis

Audit Support

Microsoft Excel (Pivot Tables, XLOOKUP, VLOOKUP)

SAP

Oracle Financials

Hyperion

Power BI

Bloomberg

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