Investment Accountant II

Reliance Standard Life Insurance Company•Philadelphia, PA

5d•Hybrid

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. It supports general ledger entries, reconciliations, monthly management reporting, financial statement disclosures, and auditor requests. The position also analyzes investment income and expenses, supports close-process improvements, works with an outsourced investment accounting provider on automation and reporting initiatives, and leads at least one department initiative annually.

Requirements

Bachelor’s degree in finance, accounting, or economics.
At least 2 years of relevant work experience.
Familiarity with investment accounting and related 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 features 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 recording investment-related general ledger entries across accounting bases, prepare supporting documentation, and reconcile key accounts.
Produce monthly management reporting pages and packages for the parent company and insurance entities, and respond to management inquiries, including developing new reporting items as needed.
Prepare supporting tie-out schedules for GAAP and statutory financial statement disclosures and assist with implementing 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 implement best practices to improve the monthly close process, including automation, streamlined processes, and management-level control reports.
Analyze investment income drivers through independent analytics and variance analysis, help remediate issues promptly, and address data or investment accounting policy inconsistencies with stakeholders and third-party providers.
Understand investment positions and drivers and provide disclosures required for financial reporting.
Validate and analyze management fee and incentive fee expenses and accruals.
Ensure accurate and consistent reporting packages for parent and insurance subsidiary board materials.
Apply investment knowledge and prior work 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 for 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 post-implementation success.
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.
Generous 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.
Multiple options for dental and vision coverage.
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, starting at at least 20 days per year for new hires, 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.