Director Investment Accounting

The Director of Investment Accounting is responsible for overseeing the accounting and financial reporting for insurance company investments. This role requires strong knowledge of Statutory and GAAP accounting standards to ensure the timely and accurate reporting of investment transactions. The ideal candidate will have experience with structured securities, options, limited partnerships, and commercial mortgage loan investments, with a particular emphasis on the equity method of accounting.

This leadership role involves managing a team of investment accounting professionals, collaborating with key stakeholders, and driving process improvements to enhance efficiencies and compliance.

Key Responsibilities

• Oversee daily investment accounting transactions within the investment accounting system, ensuring accuracy and adherence to reporting standards.
• Prepare and review financial statement disclosures and schedules related to the investment portfolio.
• Conduct thorough review of reports, reconciliations, and analyses of investment-related general ledger, income statement, and balance sheet accounts.
• Lead and develop a team of investment accounting professionals, providing mentorship and oversight.
• Work closely with custodian banks and external investment managers to ensure accurate investment accounting and reporting.
• Analyze investment accounting results and effectively communicate key insights to senior management.
• Ensure that investment accounting policies, procedures, and internal controls are properly documented and updated.
• Maintain strong relationships with internal and external auditors, supporting requests related to GAAP and statutory reporting.
• Identify opportunities to improve process efficiency in financial statement preparation and related disclosures.
• Research and analyze regulatory, technical, or industry developments impacting investment accounting.
• Lead or support key investment accounting projects to enhance operational effectiveness.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or a related field.
• 8 years of experience in investment accounting, financial reporting, or auditing, preferably within the insurance or financial services industry.
• Strong understanding of Statutory and GAAP accounting standards for investments.
• Experience with structured securities, options, limited partnerships, and commercial mortgage loan investments is highly beneficial.
• Proficiency in the equity method of accounting.
• Demonstrated leadership and team management skills with the ability to mentor and develop accounting professionals.
• Strong analytical skills and attention to detail in reviewing and processing financial data.
• Excellent communication and collaboration skills for working with internal teams, auditors, and external investment partners.
• Ability to streamline processes and drive efficiency in investment accounting and reporting functions.
• Proficiency in investment accounting systems and financial reporting tools.

 Pay Range:

• $99,100.00 - $146,050.00

Salary is commensurate to experience, location, etc.

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Salary : $99,100 - $146,050