Senior Investment & Reporting Accountant

Navy Mutual Aid Association•Arlington, VA

20h

About The Position

The Senior Investment & Reporting Accountant plays a critical role in ensuring the accuracy, completeness, and regulatory compliance of the Association’s financial records, with a primary focus on statutory investment accounting, life insurance regulatory reporting, data quality, and controls over investment reporting. This role will be responsible for the daily interactions with our third party investment software vendor. This role supports the monthly and quarterly close, statutory reporting requirements, investment reconciliations, liquidity monitoring, and audit activities in accordance with Statutory Accounting Principles (SAP) and National Association of Insurance Commissioners (NAIC) guidance. The Senior Investment & Reporting Accountant serves as the primary accounting lead for the Association’s investment portfolio, ensuring accurate accounting, valuation, and statutory reporting in accordance with SAP and NAIC guidance applicable to life insurance companies. This role has significant ownership of investment accounting operations, including transaction processing, income recognition, reconciliations, analysis, and audit support. While this role will focus primarily on investments, there will be opportunity to contribute to special projects and full cycle accounting.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
Minimum 3 years of investment accounting experience, preferably within a life insurance or regulated financial services environment.
Active CPA license or demonstrated progress toward CPA certification.
Strong working knowledge of Statutory Accounting Principles (SAP) and insurance regulatory reporting.
Experience interpreting and applying NAIC guidance.
Solid understanding of investment accounting, including common asset types and related cash flows.
Strong general ledger and close cycle experience.
Exceptional attention to detail and strong organizational skills.
Ability to manage competing priorities in a deadline‑driven, regulated environment.
Independent, ownership‑oriented mindset with strong collaboration skills.
Clear and effective communicator, able to translate technical accounting concepts for non‑financial audiences.
High professional standards, strong work ethic, and commitment to continuous improvement.

Nice To Haves

Experience with Clearwater Analytics (CWAN) or comparable investment accounting platforms.
Advanced proficiency in Microsoft Excel.

Responsibilities

Own and oversee end‑to‑end investment reconciliations across investment systems, custodians, trustees, K‑1s, third‑party platforms, and the general ledger, ensuring timely, accurate, and well‑documented reporting.
Serve as a subject‑matter expert on SAP and NAIC guidance, translating technical accounting requirements into clear, actionable recommendations for leadership.
Prepare and review quarterly and annual statutory financial statements and investment‑related schedules in compliance with NAIC and SAP requirements.
Ensure accurate classification, valuation, and documentation of invested assets, supporting statutory disclosures and financial reporting integrity.
Support preparation and validation of investment data used in statutory filings, including NAIC investment schedules and related disclosures.
Maintain strong internal controls and audit readiness by developing and sustaining comprehensive documentation, including SOPs, process narratives, control descriptions, data dictionaries, data flows, and job aids.
Conduct and document technical accounting research related to new or complex investment transactions; support implementation of approved guidance.
Prepare investment‑related financial statement footnotes in accordance with SAP and Generally Accepted Auditing Standards (GAAS).
Monitor and report weekly cash balances, providing recommendations to support liquidity and operational needs.
Partner with accounting leadership during financial statement audits, including preparation of trial balances and detailed audit support.
Act as the primary liaison with investment accounting system vendors, supporting system upgrades, enhancements, and configuration changes.
Collaborate cross‑functionally to enhance reporting accuracy, strengthen controls, and support regulatory compliance.
Proactively identify opportunities to improve processes, increase efficiency, and enhance control environments.
Perform additional accounting analyses, projects, and initiatives as requested by leadership.