Investment Accountant II
About The Position
The Investment Accountant II works across disciplines within the Investment Accounting Department and performs or assists with critical 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 accounting and reconciliations, monthly management reporting for the parent company and insurance entities, financial statement disclosures, and auditor requests. It analyzes investment income, positions, management fees, incentive fee expenses, and accruals; evaluates reporting accuracy and consistency; and helps resolve data and accounting-policy issues with internal stakeholders and third-party providers. The Investment Accountant II also works with an outsourced investment accounting provider on automation and reporting improvements, supports suspense clearing, recommends workflow improvements, and leads at least one department initiative each year. The primary location is Philadelphia, Pennsylvania; work location may be flexible if approved by the Company.
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, including Excel formulas and features such as V- and H-lookups, pivot tables, database functions, and arrays.
- Ability to research, understand, and make recommendations based on accounting guidance.
Nice To Haves
- CPA designation or working toward a CPA designation.
- Familiarity with Microsoft Fabric and Power BI.
Responsibilities
- Assist with general ledger entry recording for investment-related items across accounting bases, including preparing supporting documentation and reconciling key accounts.
- Produce monthly management reporting pages and packages for the parent company and insurance entities, respond to management inquiries, and develop new reporting items as needed.
- Provide supporting tie-out schedules for GAAP and statutory financial statement disclosures and assist with implementing changes to reporting requirements and portfolio composition.
- Ensure accuracy of financial reporting packages and management reporting deliverables for the corporate parent.
- Assist with internal and external auditor requests by providing appropriate documentation and workpapers.
- Understand general ledger workflows for all entities and implement best practices to optimize the monthly close through automation, streamlining, and management-level control reports.
- Analyze investment income drivers through independent analytics and variance analysis, and help remediate issues, including data or investment accounting policy inconsistencies, with stakeholders and third-party providers.
- Understand investment positions and drivers and provide necessary financial reporting disclosures.
- 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 experience to assess the reasonableness of results and proactively question inconsistent data sets.
- Work with the outsourced investment accounting provider on automation and reporting functionality initiatives and improve analytics around positions, income, and transactions.
- Streamline and support the suspense clearing process, including investment accounts payable and accounts receivable.
- Lead at least one department initiative per year, including developing a project plan, implementing the initiative, and monitoring its success after implementation.
- 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.
- Dental and vision coverage options.
- Company-provided life and disability insurance.
- Paid parental leave and adoption assistance.
- Hybrid work arrangements for eligible roles.
- Tuition reimbursement and continuing professional education.
- Paid time off, with new hires starting with at least 20 days per year, in addition to nine company-paid holidays; PTO may increase with company level and years of service.
- Volunteer days, community partnerships, and an Employee Assistance Program.
- Employee Resource Group program.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
