Investment Accountant II

Reliance Matrix • Philadelphia, PA

5d

About The Position

The Investment Accountant II works across disciplines within the Investment Accounting Department and performs or assists with investment reporting, department initiatives, and analytical support for portfolio managers. The role produces GAAP and statutory reports and disclosures for management review and regulatory filings.

The position supports general-ledger recording and reconciliation for investment-related items across accounting bases; prepares monthly management reports for the parent company and insurance entities; and supplies tie-out schedules and documentation for financial statements, disclosures, and audits. It also analyzes investment income, positions, management fees, and incentive fee expenses, and helps ensure the accuracy and consistency of financial and board reporting materials.

The Investment Accountant II works with an outsourced investment accounting provider on automation and reporting improvements, helps streamline suspense clearing, and leads at least one department initiative each year. Work location may be flexible if approved by the Company. The stated expected annual base-pay range for work performed in the primary location of Philadelphia, Pennsylvania, is $68,640 to $85,800; starting pay depends on factors including location, skills, experience, qualifications, and market conditions.

Requirements

• Bachelor’s degree in finance, accounting, or economics.
• At least 2 years of relevant work experience.
• Familiarity with investment accounting and associated GAAP and statutory principles.
• Familiarity with fixed-income instruments and concepts, including discounting, time value of money, and internal rates of return.
• Ability to communicate complex information concisely and understandably.
• Ability to multitask and prioritize work to meet strict deadlines.
• Ability to complete tasks independently with minimal supervision.
• Solid proficiency in Microsoft Office, particularly Excel and PowerPoint; competency with Excel formulas and tools including V- and H-lookups, pivot tables, database functions, and arrays.
• Ability to research and understand accounting guidance and make recommendations based on it.

Nice To Haves

• CPA designation or working toward a CPA designation.
• Familiarity with Microsoft Fabric and Power BI.

Responsibilities

• Assist with general-ledger entries for investment-related items across accounting bases, including supporting documentation and key-account reconciliations.
• Produce monthly management reporting pages and packages for the parent company and insurance entities, respond to management inquiries, and develop reporting items as needed.
• Prepare supporting tie-out schedules for GAAP and statutory financial statement disclosures and assist with reporting requirement and portfolio composition changes.
• Ensure accuracy of financial reporting packages and management reporting deliverables for the corporate parent.
• Respond to internal and external auditor requests with appropriate documentation and workpapers.
• Understand general-ledger workflows across entities and implement best practices to optimize the monthly close, including automation, streamlining, and management-level control reports.
• Analyze investment income drivers independently and through variance analysis; help remediate issues and address data or investment accounting policy inconsistencies with stakeholders and third-party providers.
• Understand investment positions and drivers and provide disclosures needed for financial reporting.
• Validate and analyze management fee and incentive fee expenses and accruals.
• Ensure accuracy and consistency of reporting packages for parent and insurance subsidiary board materials.
• Apply investment knowledge and work experience to assess whether results are reasonable and question inconsistent data sets.
• Work with the outsourced investment accounting provider on automation and reporting functionality initiatives and improve analytics related to positions, income, and transactions.
• Streamline and support suspense clearing, including investment accounts payable and accounts receivable.
• Lead at least one department initiative per year, including planning, implementation, and post-implementation progress monitoring.
• Proactively recommend workflow changes or improvements.
• Participate in department meetings and engage colleagues in open forum discussions.

Benefits

• Annual performance bonus for all team members.
• 401(k) company match that is immediately vested.
• Choice of three medical plans, including prescription drug coverage.
• Company contribution to a Health Savings Account for eligible High Deductible Health Plan enrollees.
• Multiple dental and vision coverage options.
• Company-provided life and disability insurance.
• Paid parental leave.
• Adoption assistance.
• Hybrid work arrangements for eligible roles.
• Tuition reimbursement and continuing professional education.
• Paid time off, starting at at least 20 days per year for new hires, plus nine company-paid holidays; PTO may increase based on level and years of service.
• Volunteer days.
• Employee Assistance Program.
• Employee Resource Group program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level