AVP, Investment Accounting

National Life Insurance Company•Montpelier, VT

13h•$181,875 - $266,750

About The Position

The AVP of Investment Accounting provides professional management and oversight of the organization’s investment accounting activities, including internal and external accounting needs. The role oversees the review and development of GAAP and statutory reports, implementation of information technology, and investment accounting initiatives with business partners. It supports NLG Capital’s investment strategy across asset classes, with particular importance placed on experience in alternative investments such as private equity, private credit, and CLOs. The position is expected to help build a next-generation investment accounting team by using advanced technology to create a scalable, intelligent, and resilient accounting function. The posting states that the Director of Investment Accounting reports to the Controller. The role manages investment accounting professionals and works with internal and external partners to support reporting, business analysis, and regulatory requirements. Applicants are expected to use approved AI tools appropriately, validate AI-generated content, remain accountable for work quality and integrity, and follow company policies concerning confidentiality, privacy, security, compliance, retention, and intellectual property. Visa sponsorship is not offered for this position.

Requirements

14 or more years of investment accounting and financial reporting experience.
Bachelor’s degree with a concentration in accounting.
Solid experience with US GAAP and Statutory Accounting for simple and complex investment products in the insurance industry, including expertise with private credit.
Proven ability to meet daily, monthly, quarterly, and annual deliverables.
Ability to anticipate, identify, and resolve financial issues.
Ability to manage multiple priorities continually.
Curiosity about emerging technologies and their application in regulated environments.
Bias toward innovation and experimentation within strong governance frameworks.
Ability to use approved AI tools appropriately, review and validate AI-generated content, and remain accountable for the accuracy, quality, fairness, and integrity of work products.
Ability to use AI responsibly in accordance with policies covering confidentiality, data privacy, security, compliance, retention, and intellectual property.

Nice To Haves

CPA.
Experience with alternative investments such as private equity, private credit, and CLOs.
Demonstrated ability to deploy generative AI tools to improve reporting, audit support, and regulatory documentation processes.

Responsibilities

Oversee and direct GAAP and statutory accounting and reporting for all asset classes in the company’s consolidated investment portfolio, including bonds, RMLs, CMLs, alternative investments, debt and equity securities, private equity, private placements, and other financial instruments.
Ensure accurate month-end, quarter-end, and annual reporting of investment-asset and liability balances, income, and expenses on GAAP and statutory bases.
Build and maintain external relationships with auditors, vendors, and other business partners.
Build and maintain internal relationships across business lines and functions, including financial reporting, tax, treasury, and investment operations, to support their needs.
Assist management in developing key business indicators, metrics, analytical reports, and investment-related strategies, and communicate about them with business leaders and internal partners.
Stay current on financial reporting and regulatory developments related to investment accounting.
Manage a team of investment accounting professionals, including establishing and monitoring goals, timely review of team work, and communicating investment accounting and corporate policies, practices, and performance.
Support internal and external investment accounting needs, including reviewing and developing GAAP and statutory reports, implementing new information technology, and assisting with investment accounting initiatives.
Use generative AI tools to enhance reporting, audit support, and regulatory documentation processes, where appropriate, while following company AI principles and policies.