Investment Accounting & Reporting Associate Director (US Statutory Accounting Principles - NAIC)

Zurich Insurance; Barcelona; On-site; EUR 110,000 - 180,000; Full time

Benefits offered by this job

Flexible working model

Home office stipend €300+

Training & development

Job summary

Zurich Insurance Group, via ServiZurich in Barcelona, seeks an experienced Investment Accounting & Reporting Associate Director to join the IAA function. You will lead the investment subledger, ensure accurate valuation, and drive close processes and regulatory reporting.

You will apply IFRS, US GAAP, and US Tax rules, coordinating with Finance and Investment teams while advancing automation and data analytics capabilities.

Qualifications

• Bachelor's degree in Investment Accounting or Finance, or substantial equivalent experience.
• Experience with US GAAP, US Tax and IFRS in investment accounting cycles.
• Proficient in investment subledger, schedules and regulatory reporting.

Responsibilities

• Own the investment subledger, oversee valuation and posting logic.
• Execute and review monthly close and reporting for internal stakeholders.
• Lead cross-functional improvement initiatives to strengthen controls and efficiency.
• Drive automation using BI tools, Python and AI to improve data accuracy.
• Coach Associates and ensure accounting standards are consistently applied.

Skills

Investment accounting

US GAAP

IFRS

Power BI

Power Automate

Python

Analytical capability

Leadership

Education

Bachelor's degree in Investment Accounting or Finance

High School Diploma with 7–10 years experience

Tools

Power BI

Power Automate

Python

SAP BW

Job description

We Are Waiting for You Hi there!

I am Laura, the recruiter for this position. Nice to meet you!

First, a little bit about what I like the most about working at TDC: The environment here is incredibly collaborative and innovative. Our tech-driven mindset fosters continuous learning and growth, creating an atmosphere where everyone can thrive. Now, I can't wait to share this exciting journey with you at the Zurich !

First off, THANK YOU for considering our company. We understand that finding the right opportunity can be tough, but I'll try to make it easier.

Who Are We? Let me introduce us. You're reading about Zurich Insurance Group , a global leader in insurance, but this role specifically pertains to ServiZurich. Established in Barcelona in 2006, ServiZurich operates as an integral part of Zurich Insurance Group, providing cutting-edge technological solutions and support to Zurich's local and global business units.

In addition to our technological solutions, we excel in investment, administration, and accounting, ensuring comprehensive support for Zurich's diverse operations.

As the investment landscape grows more complex and technology moves faster, we rely on deep technical competence, strong analytical capability and a genuine commitment to excellence to deliver high-quality outcomes for the business.

Because we understand investment processes, financial instruments and regulatory frameworks inside out , we adapt quickly, hold the line on rigorous standards, and give our partners and stakeholders support that actually means something.

IAA is a global function within Zurich Investment Management , responsible for the accuracy, transparency and governance of investment accounting, valuation and reporting across the organization. We safeguard the integrity of investment data, keep us aligned with regulatory and audit requirements, and deliver insights that shape strategic portfolio and business decisions. Through this critical work, our team sits at the centre of the reliability and credibility of investment information enterprise wide.

We are also continuously improving how we work, enhancing and standardizing processes across regions, and using technology, automation and cross-team collaboration to drive efficiency and build operational resilience.

As a trusted partner to Investment Management and Finance , we deliver the reliable, transparent, high-quality investment information that lets the company decide with confidence.

We'd love you to be part of it .

What Can You Expect? We are seeking an experienced Investment Accounting & Reporting Associate Director to join our global Investment Administration & Accounting (IAA) function in Barcelona.

As an Investment Accounting & Reporting Associate Director you will have the opportunity to:

• Own the investment subledger; leading and overseeing subledger activities, applying deep expertise in security accounting, valuation and posting logic, and keeping system processes accurately configured and running


• Deliver a smooth close, every cycle; executing and reviewing monthly close and reporting, including monthly and quarterly investment reports for internal stakeholders, auditors and business partners


• Be the escalation point; taking on complex issues, performing advanced review, getting to the true root cause and driving corrective action through to the end


• Bring senior technical judgement; to perform the monthly hard-close cycle, making sure investment accounting results land on time and to a high standard


• Put your technical depth to work; applying IFRS, US Statutory (NAIC), US GAAP and US Tax knowledge to analyse instrument behaviour, validate results, share insights and resolve audit or reporting queries


• Prepare and review NAIC statutory investment schedules; keeping reporting accurate and compliant as NAIC requirements evolve


• Ensure proper tax inputs; preparing, reviewing and validating US Tax reporting data, tax basis calculations and tax schedules in line with IRS rules


• Lead cross-functional improvement initiatives; that strengthen reporting quality, sharpen internal controls and make the end-to-end process genuinely more effective


• Drive digitalization and automation; with tools such as Power BI, Power Automate, Python and AI agents to lift data accuracy, timeliness and productivity


• Strengthen the foundations; developing and maintaining internal controls and quality assurance across all investment accounting and reporting activities


• Grow the people around you; coaching Associates, building their analytical capability and making sure accounting policies and control standards are applied consistently across the team


• Work alongside experts in various technological domains.


• Enhance your skills with real-world experience


• Contribute to a team that values your input and creativity

What Makes You a Great Fit? While we're not seeking perfection or expecting you to save the world, we believe that if you meet some of these requirements, you'll be a fantastic fit for our team. We are waiting for you! What You'll Need

• A Bachelor's degree in Investment Accounting or Finance with 5 years of experience, or a High School Diploma (or equivalent) with 7--10 years in Investment Accounting or Finance


• Proven, practical knowledge of US GAAP, US Statutory and US Tax accounting principles --- not just theory, but applied in real reporting cycles


• Extensive Investment products understanding:; fixed income, equities, structured products, private debt and alternative assets


• A proactive, solutions-focused mindset; you spot issues early and improve things rather than work around them


• Independence under pressure; comfortable owning competing priorities in a fast-paced, deadline-driven environment


• Strong problem-solving and decision-making instincts


• Clear written and verbal communication; you make complex information easy to follow

Nice to have

• A professional accounting designation; CPA, CA, ACCA or equivalent


• 2 years of post-qualified accounting or investment accounting experience


• Public accounting background


• CFA designation


• Platform know-how; SAP, BW or other investment subledger and reporting platforms


• Data analytics strength; using Excel and BI tools such as Power BI or Tableau to support decisions and create real business value


• Influence and stakeholder skills; aligning cross-functional teams and supporting decisions across Finance, Investment Management and Operations


• A coaching instinct; helping Associates grow their technical skills and apply standards consistently


• Transformation experience; driving automation and operational excellence in investment accounting or reporting


• Curiosity about emerging technology, including the practical use of AI, to drive innovation and continuous improvement

Why you'll want this role

• Visible impact; your work underpins investment information the whole enterprise relies on


• Real technical depth; IFRS, US GAAP, US STAT and US Tax in one role is rare, and it makes you highly marketable


• Room to modernize; you'll shape how the work gets done with automation, analytics and AI, not just keep it running


• Leadership without leaving the technical track; coach and develop others while staying hands-on

And... What Makes Us Special? As well as a competitive salary and a yearly bonus , we offer:

• To support your work-life balance, we have adopted a flexible working model.


• Over 300 euros to set up your home office and additional monthly home office allowance.


• Wide range of internal and external trainings, including English and Spanish classes depending on the needs.


• Ticket restaurant and Health Insurance with the flexibility to exchange it for other benefits.


• Life and accident insurance.


• Collective Life retirement Plan


• 2000 referral bonus if you bring other talented people like you to the company.


• Special banking and insurance conditions plus Exclusive Employees discounts


• Functional diversity benefits


• Different social clubs such as hiking, investment, beach volley and many more


• Stock options and mortgage benefits.

Where Are We Located? Via Augusta, Barcelona.

At Zurich, we are an equal opportunity employer. We attract and retain the best-qualified individuals available, regardless of race/ethnicity, religion, gender, sexual orientation, age, or disability.

ServiZurich-- Your Talent, Our Strength Why Zurich At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

We are an equal opportunity employer who knows that each employee is unique - that's what makes our team so great!

Join us as we constantly explore new ways to protect our customers and the planet.

• Location(s): ES - Barcelona


• Remote working: Hybrid


• Schedule: Full Time