Director of Investment Accounting

About the role

We are seeking a Director of Investment Accounting to lead all aspects of investment accounting and reporting for a growing annuity insurance platform. This role will oversee Investment Accounting for a complex, multi-asset investment portfolio and serve as a key partner to finance leadership, investments, actuarial, risk, and external stakeholders.

Responsibilities

• Lead the Investment Accounting function for the company’s annuity and insurance operations, covering GAAP and Statutory reporting
• Oversee accounting and reporting for a diversified investment portfolio including fixed income, structured products, private credit, alternatives, and derivatives
• Manage the monthly, quarterly, and annual close process related to investments, ensuring accuracy, timeliness, and strong internal controls
• Own preparation and review of statutory investment schedules, investment footnotes, and related disclosures
• Ensure compliance with US GAAP, STAT, ASC 820 (fair value), NAIC guidance, and internal accounting policies
• Serve as the primary liaison for external auditors, regulators, rating agencies (e.g., AM Best), and internal audit on investment-related matters
• Partner closely with the investment team to support new investment structures, asset classes, and transactions from an accounting and reporting perspective
• Oversee custodian and investment system reconciliations, valuation processes, and data integrity across platforms
• Lead, mentor, and develop a team of investment accounting professionals; support organizational growth and scalability
• Drive process improvements, automation initiatives, and system enhancements to improve efficiency and controls
• Provide subject-matter expertise and leadership during audits, transactions, and strategic initiatives
• Monitor changes in accounting regulations and investment industry trends to ensure the organization remains compliant and competitive

Requirements

• Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred)
• 10+ years of experience in investment accounting, with significant experience in life insurance and annuity operations
• Deep knowledge of STAT and GAAP investment accounting, including NAIC reporting requirements
• Experience with complex investment products and alternative assets
• Proven experience leading teams and managing senior-level stakeholders
• Strong understanding of investment accounting systems and custodial platforms, preferably Clearwater
• Prior experience working with Big 4 auditors, regulators, and rating agencies
• Strong analytical, communication, and leadership skills

Preferred

• Experience supporting a high-growth or evolving annuity platform
• Background in both insurance company and asset management environments
• Exposure to reinsurance structures and investment-related risk management
• Experience implementing or upgrading investment accounting systems