Mgr, Investment Accounting Reporting - Hybrid

Blue Cross Blue Shield of Arizona•Phoenix, AZ

10h•Hybrid

About The Position

The Manager, Investment Accounting Reporting is responsible for managing investment accounting close activities, statutory and GAAP reporting, NAIC investment schedules, regulatory filings, internal controls, audit support, and related process improvements. This role ensures accurate, complete, and timely accounting results; compliance with statutory, regulatory, and company requirements; effective documentation of investment accounting activity; and clear communication of financial results, risks, trends, and key business drivers to senior finance leadership.

Requirements

7 or more 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 employees, 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 the ability to identify issues, research variances, evaluate options, and recommend appropriate follow-up actions.
Investment accounting experience involving 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 control frameworks, audit support, process documentation, and issue remediation.
Ability to prepare executive-ready analyses 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 skills, including the ability to assess issues, evaluate options, and recommend actions.
Understanding of the business and the ability to translate business activity into accurate accounting and reporting outcomes.
Ability to achieve results through planning, accountability, collaboration, and deadline management.
Ability to serve internal and external customers through responsive, accurate, and professional support.
Strong teamwork, cross-functional partnership, interpersonal, and communication skills.
Ability to lead, coach, and develop team members with varying levels of experience and technical skill.
Ability to set clear expectations, delegate effectively, monitor progress, review work, and hold the team accountable for timely and accurate results.
Ability to communicate professionally with internal and external customers, auditors, management, and cross-functional partners.
Ability to act with diplomacy, sound judgment, and sensitivity when working with customers, internal departments, and leadership.
Ability to interpret and translate policies, procedures, programs, and guidelines into practical business and accounting actions.
Ability to analyze and research data, identify risks, and propose practical solutions.
Commitment to maintaining confidentiality, privacy, and professional integrity.
Ability to establish, contribute to, and maintain a positive, collaborative, and productive work environment.

Nice To Haves

10 or more 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 of study.
Certified Public Accountant certification.
Advanced PC skills.
Data mining and data manipulation proficiency.
Artificial intelligence proficiency.
Knowledge of a broad range of matters related to the organization’s operations.
Experience leading a team through close, audit, regulatory reporting, system implementation, or process improvement initiatives.
Demonstrated ability to build team capability, improve processes, and strengthen controls in a regulated reporting environment.

Responsibilities

Manage monthly investment accounting close activities and related reporting requirements, including the review of journal entries, reconciliations, roll forwards, and supporting schedules.
Oversee statutory, GAAP, and NAIC investment schedules, footnotes, regulatory reporting, and management reporting deliverables related to investments.
Ensure investment accounting data is accurate, complete, appropriately classified, and supported by clear documentation.
Maintain a strong working knowledge of insurance company investment accounting concepts, including securities, investment income, realized and unrealized gains and losses, impairment considerations, fair value, and statutory reporting requirements.
Monitor applicable statutory, NAIC, regulatory, and company policy requirements and assess their impact on investment accounting and reporting processes.
Support internal and external audits by coordinating requests, reviewing documentation, resolving issues, and ensuring timely responses.
Maintain and strengthen internal controls over investment accounting, reconciliations, reporting, and close activities. Assess risks and recommend control enhancements as needed.
Ensure process documentation is current, complete, and updated to reflect regulatory, business, system, or control changes.
Prepare and review concise analyses, schedules, and explanations of investment accounting results for management and senior finance leadership.
Communicate accounting results, key drivers, risks, open items, and process issues clearly to finance partners, management, auditors, and cross-functional stakeholders.
Lead remediation activities and process updates related to audit findings, control enhancements, regulatory changes, or reporting changes.
Identify and lead opportunities to improve efficiency, accuracy, documentation, consistency, automation, and data quality across investment accounting processes.
Partner with Treasury, Finance, Actuarial, Tax, Compliance, Technology, and other stakeholders to support complete and accurate investment accounting and reporting.
Manage multiple priorities, plan close and reporting activities in advance, meet internal and external deadlines, and escalate issues promptly with recommended solutions.
Manage, coach, and develop team members. Set clear expectations, review work, provide feedback, and hold the team accountable for timely and accurate results.
Promote a collaborative, resilient, and continuous-improvement-oriented team environment.