Investment Accountant

Job Summary

This individual will be tasked with performing the accounting, reporting, and analysis of the company’s investment portfolio in compliance with both Statutory Accounting Principles (SAP) and Generally Accepted Accounting Principles (GAAP). The incumbent will be responsible for leading the investment accounting operations, regulatory compliance, and financial reporting to support the organization’s fiduciary responsibilities to policyholders and regulatory authorities.

Essential Duties and Responsibilities:

• Perform timely review and reconciliation of custodial feed activity in the investment management system along with preparation and posting of monthly transactions to the finance system.
• Prepare and review statutory financial statements in accordance with NAIC guidelines, including Schedule D (investment schedules), Schedule B (mortgages), Schedule BA (other longterm invested assets), and related investment reporting.
• Prepare GAAP financial statements for investments including monthly, quarterly, and annual reports with supporting documentation, analysis, and footnote disclosures for securities, bonds, mortgages, and alternative investments.
• Ensure compliance with state insurance regulations and NAIC Statutory Accounting Principles (SAP) for investment accounting, including proper classification, valuation, and reporting of admitted and nonadmitted assets.
• Prepare responses to external questions including external auditor, DIFS and IRS inquiries.
• Prepare footnote disclosure details for investments.
• Provide effective and efficient solutions to complex business problems.
• Coordinate with external auditor and state insurance regulators regarding investmentrelated inquiries, examinations, and regulatory filings including responses to Department of Insurance Financial Services (DIFS) requests.
• Utilize Clearwater Analytics for daily investment portfolio data aggregation, reconciliation, performance reporting, and compliance monitoring across multiple asset classes and accounting bases.
• Leverage software for investment research, financial modeling, peer analysis, and due diligence on potential investments and existing portfolio holdings.
• Oversee the calculation and reporting of Asset Valuation Reserve (AVR) and Interest Maintenance Reserve (IMR) in accordance with NAIC requirements for life insurance companies.
• Collaborate with the investment management team to ensure proper documentation of investment transactions, fair value measurements, and credit loss assessments under the current expected credit loss (CECL) model.

Education and Experience Requirements:

• Bachelor’s degree in accounting, Finance, or a related field.
• Three (3) years of accounting experience with at least one (1) year in investment accounting, preferably within the life insurance industry.
• Experience with life insurance statutory accounting principles (SAP) and NAIC annual statement preparation is preferred.
• Extensive knowledge of Clearwater Analytics SaaS platform including automated investment accounting, performance reporting, data aggregation, reconciliation, and regulatory compliance features for insurance companies is preferred.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Knowledge, Skills and Abilities Requirements:

• Knowledge of investment instruments and investment accounting principles.
• Thorough knowledge and understanding of Statutory Accounting Principles (SAP) and Generally Accepted Accounting Principles (GAAP) as they apply to life insurance company investments.
• Proficiency in financial modeling, accounting systems, investment management systems, database management, and data analytic tools.
• Understanding of fair accounting value, credit risk assessment, and assetliability management principles with the insurance industry
• Excellent computer skills with proficiency in standard PC software, accounting applications, and advanced Excel skills.
• Knowledge of investment instruments and investment accounting principles.
• Knowledge of insurance regulatory requirements, riskbased capital calculations, and solvency monitoring including NAIC Financial Analysis Tools.
• Ability to work both independently and as part of a team.
• Demonstrated ability to lead and drive initiatives through consensus building for crossfunctional initiatives.
• Excellent analytical skills with relation to the analysis of functional business processes.
• Strong analytical skills and critical thinking skills with the ability to organize and present information.
• Excellent organizational skills with the ability to multitask and react to changing needs and priorities.
• Exceptional verbal and written communications skills, proven organization and attention to detail are required.
• Experience in S&P Capital IQ Pro platform for financial analysis, market intelligence investment research, company screening and portfolio analytics is highly desirable.

Additional Information:

• Experience in S&P Capital IQ Pro platform for financial analysis, market intelligence, investment research, company screening, and portfolio analytics is a plus.
• This position requires knowledge of rapidly evolving accounting standards and regulatory requirements specific to the life insurance industry. The incumbent must stay current with NAIC developments, FASB pronouncements, and state insurance regulations. This position may involve confidential financial information and requires adherence to strict confidentiality standards.

Special Conditions of Employment (licenses, certificates, credentials, etc.):

• Certified Public Accountant designation or Chartered Financial Analyst (CFA) or other relevant certifications are highly desirable.
• The position requires knowledge of rapidly evolving accounting standards and regulatory requirements specific to the life insurance industry. The incumbent must stay current with NAIC developments, FASB pronouncements, and state insurance regulations. This position may involve confidential financial information and requires adherence to strict confidentiality standards.

Language Skills:

• Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence.

Reasoning Ability:

• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Physical Demands:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit, reach with hands and arms, speak, and listen. The employee is occasionally required to stand, walk, and use hands to finger, handle, or feel. The employee must occasionally lift and/or move up to twenty pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

Work Environment:

• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet.

Additional Information:

• The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description does not constitute a contract for employment.

LifeSecure is an Equal Opportunity Employer

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