Investment Accountant

Blue Cross Blue Shield of Arizona•Phoenix, AZ

1d•Hybrid

About The Position

The Investment Accountant is responsible for investment accounting across statutory, GAAP, and NAIC requirements, including monthly close activities, reconciliations, reporting, audit support, and process improvements. The role helps ensure accurate and timely accounting results, compliance with statutory, regulatory, and company requirements, and clear documentation for management review. The position partners with finance and cross-functional teams and includes people leadership responsibilities.

Requirements

At least 7 years of progressive accounting or finance experience, including investment accounting, statutory reporting, GAAP reporting, regulatory reporting, internal controls, audit support, or related financial reporting responsibilities.
Demonstrated people leadership experience, including coaching, reviewing work, setting expectations, and managing accountability for deadlines and deliverables.
Bachelor’s degree in accounting, business, or a related field.
Experience with Oracle ERP, Oracle ARCS, Oracle Task Manager, Clearwater, and Microsoft Office.
Strong analytical skills, attention to detail, and ability to identify issues, research variances, evaluate options, and recommend follow-up.
Investment accounting experience with securities, investment income, realized and unrealized gains and losses, fair value information, impairments, reconciliations, and management reporting.
Insurance company accounting experience, including Statutory, GAAP, NAIC, and regulated-industry reporting requirements.
Internal control experience, including SOX or similar frameworks, audit support, process documentation, and issue remediation.
Ability to prepare executive-ready analysis and communicate complex accounting and regulatory matters clearly to finance and non-finance stakeholders.
Ability to prioritize, organize, and lead work in a high-volume close and reporting environment.
Technical and functional expertise in investment accounting, statutory reporting, internal controls, and regulatory reporting.
Sound judgment and decision-making, including assessing issues, evaluating options, and recommending actions.
Understanding of business activity and ability to translate it into accurate accounting and reporting outcomes.
Ability to achieve results through planning, accountability, collaboration, and deadline management.
Ability to provide responsive, accurate, and professional support to internal and external customers.
Teamwork, cross-functional partnership, and effective interpersonal and communication skills.

Nice To Haves

At least 10 years of investment accounting or finance experience in a regulated insurance or financial services environment.
Prior experience managing statutory, GAAP, NAIC, or investment accounting reporting functions.
Master’s degree in accounting, business, or a related field.
Certified Public Accountant (CPA) certification.
Advanced PC, data mining, data manipulation, and AI proficiency.
Knowledge of a wide range of matters pertaining to the organization's operations.

Responsibilities

Manage monthly investment accounting close activities, including journal entries, reconciliations, roll forwards, supporting schedules, and related reporting.
Prepare and oversee statutory, GAAP, and NAIC investment schedules, footnotes, regulatory reports, and management reporting deliverables.
Ensure investment accounting data is accurate, complete, appropriately classified, and clearly documented.
Monitor statutory, NAIC, regulatory, and company policy requirements and assess their effects on investment accounting and reporting processes.
Support internal and external audits by coordinating requests, providing documentation, resolving issues, and responding on time.
Maintain and strengthen internal controls over investment accounting, reconciliations, reporting, and close activities; assess risks and recommend enhancements.
Keep process documentation current and update it for regulatory, business, system, or control changes.
Prepare and review analytics, schedules, and explanations of results for management and senior finance leadership.
Communicate accounting results, drivers, risks, open items, and process issues to finance partners, management, auditors, and cross-functional stakeholders.
Lead remediation and process updates related to audit findings, control enhancements, regulatory changes, or reporting changes.
Identify and implement opportunities to improve efficiency, accuracy, documentation, consistency, automation, and data quality.
Partner with Treasury, Finance, Actuarial, Tax, Compliance, Technology, and other stakeholders on investment accounting and reporting.
Plan close and reporting activities, manage multiple priorities, meet deadlines, and escalate issues with recommended solutions.
Promote a collaborative, resilient, continuous-improvement-oriented team environment.
Coach and review team members, set expectations, and manage accountability for deadlines and deliverables.