Financial Accounting Senior – Investment Accounting

Elevance Health • Lubbock, TX

1d • Hybrid

About The Position

Financial Accounting Senior Location: This role requires associates to be in-office 1 - 2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law. The Financial Accounting Senior will be responsible for providing technical leadership and setting the strategic direction of projects. How you will make an impact: Oversee the accounting, reporting, and analysis for the company’s investment portfolio across assigned legal entities, ensuring accuracy and compliance with GAAP and Statutory requirements. Lead the accounting and reporting processes for Joint Ventures and Strategic Investments, including equity method accounting, valuation assessments, and consolidation analysis. Administer and maintain the Clearwater LPx investment accounting system, ensuring data integrity, timely reconciliations, and accurate financial reporting outputs. Prepare and review journal entries, account reconciliations, and investment-related financial reports to support month-end, quarter-end, and year-end close processes. Research complex accounting issues related to investments, derivatives, and partnership structures; prepare technical position memos to document conclusions and support policy decisions. Partner with Finance leadership to interpret results, identify trends, and provide insights that inform investment strategy and performance reporting. Drive process improvement initiatives to enhance accuracy, automation, and efficiency within investment and joint venture accounting operations. Mentor, train, and guide junior accountants on investment accounting practices, systems, and reporting methodologies.

Requirements

• Requires BA/BS in Accounting or Finance, or related field and a minimum of 5 years’ experience in general accounting, finance or budgeting and planning in a large for-profit organization; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

• CPA preferred.
• Degree in Accounting strongly preferred.
• Experience with Hyperion/Essbase preferred.
• Intermediate Excel experience preferred.
• Demonstrated ability to interpret technical accounting guidance.
• Experience with Clearwater or similar investment reporting platforms.

Responsibilities

• Oversee the accounting, reporting, and analysis for the company’s investment portfolio across assigned legal entities, ensuring accuracy and compliance with GAAP and Statutory requirements.
• Lead the accounting and reporting processes for Joint Ventures and Strategic Investments, including equity method accounting, valuation assessments, and consolidation analysis.
• Administer and maintain the Clearwater LPx investment accounting system, ensuring data integrity, timely reconciliations, and accurate financial reporting outputs.
• Prepare and review journal entries, account reconciliations, and investment-related financial reports to support month-end, quarter-end, and year-end close processes.
• Research complex accounting issues related to investments, derivatives, and partnership structures; prepare technical position memos to document conclusions and support policy decisions.
• Partner with Finance leadership to interpret results, identify trends, and provide insights that inform investment strategy and performance reporting.
• Drive process improvement initiatives to enhance accuracy, automation, and efficiency within investment and joint venture accounting operations.
• Mentor, train, and guide junior accountants on investment accounting practices, systems, and reporting methodologies.

Benefits

• We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees