Senior Manager - Investment Accounting and Financial Reporting

Ernst & Young LLP ( EY India ); Bengaluru; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

EY is seeking a Senior Manager for FAAS – Investment Accounting and Reporting in Bengaluru. You will lead investment accounting functions, ensuring accurate financial reporting, regulatory compliance, and operational excellence across complex portfolios.

Strong technical accounting, project leadership, and client collaboration are essential. The role emphasizes governance, automation, and continuous improvement within EY’s Global Delivery Services.

Qualifications

• CA, ACCA (UK), CPA, or other relevant qualification; 7–12 years in investment accounting.

Responsibilities

• Lead monthly reconciliations and GAAP reporting for investment accounting.
• Ensure NAIC STAT reporting and Schedule BA compliance and disclosures.
• Drive process improvements and automation in reconciliation and reporting.
• Collaborate with auditors and stakeholders to resolve complex issues.

Skills

Investment accounting

GAAP knowledge

Financial reporting

Advanced Excel

Leadership

Job description

FAAS-MS-Investment Accounting-Senior Manager At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

EY- Assurance - Manager- FAAS – Investment Accounting and Reporting

About Global Delivery Services Global Delivery Services refers to EY's worldwide network of service delivery centers. The GDS team plays an important role in EY’s strategy by ensuring effective support to EY’s growth agenda. Our journey started in 2002 with approximately 200 people. Today we stand at 80,000+ professionals in ten locations around the world. We operate in Argentina, China, Hungary, India, Philippines, Poland, Sri Lanka, Mexico, Spain, and the United Kingdom. Client service is focused on providing Consulting, Assurance, Tax, Strategy & Transactions, and Knowledge support to our clients around the world. The teams enable account teams worldwide to provide seamless, high-quality, value-added support, helping deliver exceptional client service. Enablement Services provides cost-effective, high-skilled, and innovative services to support EY’s global and local enablement teams. Markets, BMC, AWS, Finance and Accounting, Risk Management, Procurement, People Shared Services, IT Service Delivery, and IT Global Infrastructure services, are among the services offered by Enablement Services. Our innovation specialists serve the GDS Client Service and Enablement Services teams, along with Service Lines, Core Business Services and Sectors. The team brings the desired environment, technologies, and skilled teams together for facilitation, rapid prototyping, and innovative thinking. The competencies offered include analytics, digital, user experience, mobile technology, infrastructure, Microsoft technologies, and open innovation.

The Opportunity

We are looking for a professional who will be responsible for ensuring timely, high‑quality delivery in line with project requirements for our FAAS team and possess strong investment accounting knowledge. The role requires to lead and manage the investment accounting function for accurate financial reporting, compliance with regulatory requirements, and operational excellence. This role requires strong technical expertise, leadership skills, and the ability to drive process improvements while maintaining client satisfaction.

Your Key Responsibilities

• Financial Reporting:
  • Strong technical understanding of investment accounting, including fixed income securities, derivatives, amortization, securitization, and other complex investment products.
  • Lead and review monthly reconciliation of Investment accounting balances under both STAT and GAAP, ensuring completeness and accuracy.
  • Support and review quarter‑end and year‑end financial reporting, including statutory filings such as Schedules BA, D and related disclosures.
  • Ensure timely delivery of reporting packs in line with close timelines and audit requirements.
  • Identify and elevate complex technical accounting matters and support resolution.
  • Experience with portfolio accounting and management systems.
• Reconciliation & Controls:
  • Review month‑end and quarter‑end reconciliations, ensuring all balances are accurate and fully supported.
  • Investigate and resolve variances across sub-ledgers, custodial data, and general ledger.
  • Maintain strong control over investment accounting processes, ensuring alignment with established control frameworks.
  • Identify, assess, and elevate key control, valuation, and reporting risks, and support remediation efforts.
  • Strengthen governance through robust documentation and adherence to control procedures.
• Technical Accounting:
  • Apply appropriate GAAP accounting treatments (fair value option, equity method, cost/measurement alternative).
  • Ensure compliance with NAIC statutory guidelines for Schedule BA reporting.
  • Review classification of investments into appropriate accounting categories.
• Data Analysis & Reporting:
  • Review and interpret flux analysis, variance analysis, and trend reporting to provide actionable insights to stakeholders.
  • Support preparation of management reporting packs and disclosures.
• Stakeholder Management:
  • Act as a key point of contact for investment accounting queries, audits, and client interactions.
  • Coordinate with internal teams, auditors, and clients to ensure timely resolution of issues.
  • Manage expectations of senior stakeholders and clients by providing clear updates, resolving escalations proactively, and driving effective decision-making on complex issues.
• Process Improvement & Automation:
  • Identify opportunities to automate reconciliation and reporting processes (Excel, tools, agents).
  • Identify operational bottlenecks and propose automation or efficiency enhancements to streamline accounting and reporting processes.
  • Drive standardization and improve data quality and efficiency Review documents, processes, controls, SOPs, flow charts, Checklists etc.
  • Lead change initiatives and process redesign efforts to improve scalability, strengthen controls, and enhance the overall efficiency of the investment accounting function.
• Team Leadership:
  • Review work of team members handling Investment accounting team.
  • Provide guidance, training, and performance feedback to team members.
  • Ensure adherence to timelines and quality standards.
  • Coach and mentor team members, delegate responsibilities effectively, and build team capability through structured development and performance management.
• Client Service Excellence:
  • Deliver high‑quality client service by managing daily project activities, addressing requests promptly, and maintaining strong client relationships.
  • Own engagement delivery by balancing quality, timeliness, stakeholder expectations, and continuous service improvement across the end-to-end process.
• Application of Accounting Standards & Firm Policies:
  • Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situation.

Skills and attributes for success

Technical Expertise:

• Strong understanding of investment accounting in insurance.
• Hands‑on experience with Other Invested Assets / Schedule BA reporting.
• Knowledge of US GAAP and NAIC STAT reporting requirements.

Analytical Skills:

• Ability to perform detailed reconciliations, flux analysis, and root cause analysis.
• Strong problem‑solving mindset with attention to detail.

Process & Control Orientation:

• Experience in month‑end close, reconciliations, and control frameworks.
• Ability to identify control gaps and implement improvements.

Advanced Excel Skills:

• Proficiency in PivotTables, reconciliations, data validation, and large dataset handling.
• Experience with cross-file comparisons and automation tools.

Leadership & Team Management:

• Ability to lead a team, review work, and ensure deadlines.
• Strong coaching and mentoring skills.

Communication & Stakeholder Management:

• Ability to communicate complex accounting topics clearly and professionally.
• Experience working with global stakeholders and auditors.

Process Improvement Mindset:

• Proactive in identifying efficiency improvements and automation opportunities.
• Comfortable working on transformational initiatives.
• Ability and comfort level in researching client inquiries and emerging issues, including regulations, industry practices, and modern technologies.
• Time Management: Ability to manage multiple priorities during close cycles.
• Strong focus on meeting strict reporting timelines.

Strategic Leadership & Governance:

• Strong strategic thinking and decision‑making ability, with the capability to manage complex accounting judgments and business priorities.
• Ability to identify risks early, exercise sound judgment, and influence senior stakeholders to drive resolution and accountability.
• Strong client and engagement management skills, with accountability for delivery excellence, governance, and continuous improvement.

What we look for

CA, ACCA (UK), CPA, or other relevant qualification 7-12 years relevant experience including experience in Investment accounting.

Benefits

Embark on a transformative career journey with us and indulge in a suite of premium benefits, encompassing exclusive health and wellness packages, enticing rewards, and cutting‑edge learning opportunities that empower you to continually grow and excel in your professional and personal development.

To help create an equitable and inclusive experience during the recruitment process, please inform us as soon as possible about any disability‑related adjustments or accommodations you may need.

Our Commitment:

As a commitment, we persistently endeavour to embody our values, fulfil our purpose, and champion inclusiveness.

Our dedication is to cultivate EY into an environment where diverse perspectives are celebrated, creating a supportive atmosphere for individuals to authentically be themselves and contribute their utmost.

Professional Development:

From entry-level employees to senior leaders, we believe in continuous learning. We offer opportunities to build new skills, take on leadership roles, and connect and grow through mentorship.

People and Culture:

In our dynamic workplace, diversity, equity, and inclusiveness are ingrained in our culture. We're united by a commitment to create an environment where every individual's differences are valued, practices are equitable, fostering a sense of belonging.

Our shared values include integrity, respect, teaming, inclusiveness, energy, enthusiasm, courage to lead, and building relationships based on doing the right thing.

We are an equal opportunity employer and are committed to Diversity, Equity & Inclusion.

EY | Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

Experience Level Senior Level