Investment Accountant job! Our Client is a highly rated and growing Texas based Life Insurance Company! Above all, our Client is a Dallas‐based provider of a wide range of life insurance, annuity, Medicare supplement, and supplemental health products used to build and preserve the financial security of their policyholders. Our Client manages $3+ billion in assets and has an A- (Excellent) rating by AM Best.
Ideal opportunity for an individual looking to grow their career with a growing company. If an individual’s background is in investments, our Client can teach that person insurance. If an individual’s background is in insurance, our Client can teach that person investments. The Investment Accountant job salary is $75k to $95k + bonus. This Investment Accountant job requires working at the Dallas, TX headquarters. This is not a remote job. Apply now for this excellent Investment Accountant job by clicking on the Apply Now button above! This is Job 2963.
Responsibilities for Investment Accountant:
- Initially, perform monthly and quarterly closing processes, which includes:
- Preparing and posting journal entries for both investment and insurance activities.
- Following that, prepare general ledger account reconciliations and par value reconciliations.
- Simultaneously, act as the primary liaison to investment management teams, custodians, and investment software vendors.
- In addition, handle back-office duties for the trading desk. This involves:
- Communicating actively with multiple brokers and state banks.
- Next, create monthly financial reports focusing on investment holdings.
- Subsequently, prepare schedules and exhibits for quarterly and annual statutory statements. This includes, but is not limited to, IMR/AVR, Schedule D, BA, and DB.
- Also, assist in the preparation of audited statutory financial statements and footnotes.
- Moreover, support other regulatory reporting requirements like MD&A, Risk Based Capital, AmBest, and SRQ filing.
- Meanwhile, respond promptly to requests from external auditors, external rating agencies, and regulatory bodies.
- Additionally, prepare or assist in preparing State pages, State premium tax returns, and other State regulatory filings, if required.
- Lastly, identify and recommend continuous process improvements for optimization.
Skills and Experience Requirements for Investment Accountant:
- Firstly, possess a Bachelor’s degree in Accounting or have equivalent experience.
- Ideally, have 3-5 years of investment accounting experience, particularly in the insurance industry. Life insurance experience is highly desirable.
- Essentially, be experienced in preparing account reconciliations, journal entries, and month-end financial closings.
- Importantly, have experience working in a highly regulated industry environment.
- Preferably, be a primary user of investment accounting/reporting software, with iWorks software experience being highly desirable.
- Moreover, possess a strong understanding of investment securities including Bonds, Stocks, Structured Securities (CMB, ABS, CMBS, etc.), Options, Private Placements, Swaps, etc.
- Also, have a good understanding of statutory accounting principles and statutory financial statement filings.
- Furthermore, demonstrate strong organizational and referencing skills in relation to work papers, financial statements, and schedules prepared.
- Additionally, have excellent personal computer skills, specifically in MS Office, including Excel, Word, and Outlook. Excel proficiency is a plus.
- Optionally, have knowledge of General Ledger Systems and Regulatory Filing Systems, or other insurance-specific financial application experience.
- Finally, possess strong analytical abilities and communication skills. Experience with SRQ and AmBest preparation is a plus but not required.
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