Investment Accountant II

Reliance Standard•Philadelphia, PA

6d•$68,640 - $85,800•Hybrid

About The Position

The Investment Accountant II works across disciplines within the Investment Accounting Department, supporting critical investment reporting functions, department initiatives, and portfolio manager analytics. The role produces GAAP and statutory reports and disclosures for management review and regulatory filings. The position supports general ledger entries, account reconciliations, monthly management reporting, financial statement tie-outs, and auditor requests. It analyzes investment income, positions, fees, and reporting data; works with stakeholders and third-party providers to address inconsistencies; and contributes to improving the monthly close and reporting processes. The Investment Accountant II also works with an outsourced investment accounting provider on automation and reporting initiatives, supports suspense clearing, and leads at least one department initiative annually. The expected hiring range is $68,640–$85,800 annually for work performed in the primary location of Philadelphia, Pennsylvania. Work location may be flexible with company approval.

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 principles, and internal rates of return.
Ability to communicate complex information concisely and understandably.
Ability to multitask and prioritize work to meet strict deadlines.
Independence in completing tasks with minimal supervision.
Solid proficiency in Microsoft Office, particularly Excel and PowerPoint, including Excel formulas and functions such as V- and H-lookups, pivot tables, database functions, and arrays.
Ability to research and comprehend 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 entry recording across accounting bases for investment-related items, prepare supporting documentation, and reconcile 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 tie-out schedules for GAAP and statutory financial statement disclosures and seek assistance with reporting requirement and portfolio composition changes.
Ensure the 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 across entities and improve the monthly close process through automation, streamlining, and management-level control reports.
Analyze investment income drivers through independent analytics and variance analysis, and help remediate issues and address data or investment accounting policy inconsistencies with stakeholders and third-party providers.
Understand investment positions and their drivers and provide disclosures required for financial reporting.
Validate and analyze management fee and incentive fee expenses and accruals.
Ensure accuracy and consistency of reporting packages used for parent and insurance subsidiary board materials.
Assess the reasonableness of results and proactively question inconsistent data sets using investment knowledge and prior work experience.
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 planning, implementation, and monitoring results after implementation.
Proactively recommend workflow changes and 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 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 of at least 20 days per year for new hires, in addition to nine company-paid holidays; PTO may increase based on company level and years of service.
Volunteer days and community partnerships.
Employee Assistance Program.
Employee Resource Group program.