Director of Investment Accounting

A-CAP Services LLC•Des Moines, IA

1d•Onsite

About The Position

We are seeking a Director of Investment Accounting to lead all aspects of investment accounting and reporting for a growing annuity insurance platform. This role will oversee Investment Accounting for a complex, multi-asset investment portfolio and serve as a key partner to finance leadership, investments, actuarial, risk, and external stakeholders. The ideal candidate brings deep insurance investment accounting expertise, strong leadership skills, and experience operating in a regulated environment. The role will report to the Controller.

Requirements

Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred).
10+ years of experience in investment accounting, with significant experience in life insurance and annuity operations.
Deep knowledge of STAT and GAAP investment accounting, including NAIC reporting requirements.
Experience with complex investment products and alternative assets.
Proven experience leading teams and managing senior-level stakeholders.
Strong understanding of investment accounting systems and custodial platforms, preferably Clearwater.
Prior experience working with Big 4 auditors, regulators, and rating agencies.
Strong analytical, communication, and leadership skills.
US Work Authorization Is Required

Responsibilities

Lead the Investment Accounting function for the company’s annuity and insurance operations, covering GAAP and Statutory reporting.
Oversee accounting and reporting for a diversified investment portfolio including fixed income, structured products, private credit, alternatives, and derivatives.
Manage the monthly, quarterly, and annual close process related to investments, ensuring accuracy, timeliness, and strong internal controls.
Own preparation and review of statutory investment schedules, investment footnotes, and related disclosures.
Ensure compliance with US GAAP, STAT, ASC 820 (fair value), NAIC guidance, and internal accounting policies.
Serve as the primary liaison for external auditors, regulators, rating agencies (e.g., AM Best), and internal audit on investment-related matters.
Partner closely with the investment team to support new investment structures, asset classes, and transactions from an accounting and reporting perspective.
Oversee custodian and investment system reconciliations, valuation processes, and data integrity across platforms.
Lead, mentor, and develop a team of investment accounting professionals; support organizational growth and scalability.
Drive process improvements, automation initiatives, and system enhancements to improve efficiency and controls.
Provide subject-matter expertise and leadership during audits, transactions, and strategic initiatives.
Monitor changes in accounting regulations and investment industry trends to ensure the organization remains compliant and competitive.