AVP, Investment Accounting

National Life Insurance Company; Addison, Montpelier (TX, VT); On-site; USD 182,000 - 267,000; Full time

Job summary

National Life Group is seeking an AVP of Investment Accounting to lead accounting for a broad asset portfolio, including private credit and CLOs. You’ll implement GAAP and statutory reporting, drive automation, and partner with auditors and business leaders to support strategic investment execution.

The role emphasizes building a next‑gen accounting team, applying advanced technology while maintaining strong governance and compliance within a regulated insurance environment in Addison, TX.

Qualifications

• 14+ years in investment accounting and financial reporting.
• Bachelor's degree in accounting; CPA preferred.
• Strong knowledge of US GAAP and statutory accounting for insurance.
• Experience with private credit and alternative investments.

Responsibilities

• Oversee GAAP and statutory accounting for all asset classes.
• Manage month-end, quarter-end, and annual reporting delivery.
• Build external/audit relationships and collaborate with internal teams.
• Lead investment accounting team; monitor goals and governance.
• Leverage AI tools to enhance reporting and documentation.

Skills

Investment accounting

GAAP knowledge

Statutory accounting

Financial reporting

Technology adoption

Education

Bachelor's in accounting

Tools

CPA (preferred)

Job description

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.

Please note that we do not offer visa sponsorship for this position.

Position Summary

The AVP of Investment Accounting will provide professional management and oversight for the investment accounting activities of the organization. Responsible for internal and external investment accounting needs, including the review and development of existing and new GAAP and statutory reports, implementation of new information technology, and assistance of new investment accounting initiatives with other business partners. The successful candidate will play a key role in supporting NLG Capital in executing our investment strategy across all asset classes, ensuring the financial security of the company. Asset class focus will be broad-based but experience with alternative investments such as private equity, private credit and CLOs is key.

This role is expected to serve as a catalyst for building a next-generation investment accounting team, leveraging advanced technology to create a scalable, intelligent, and resilient accounting function.

The Director of Investment Accounting reports to the Controller

Key Responsibilities

• Responsible for the Investment Accounting function, including oversight and direction of GAAP and statutory accounting, reporting for all asset classes in the Company’s consolidated investment portfolio
• Including, but not limited to Bonds, RML’s, CML’s, alternative investments, debt and equity securities, private equity/private placements, and other financial instruments.
• Ensure accurate month-end, quarter-end and annual reporting of balances relating to investment assets, liabilities, income and expenses on a GAAP and statutory basis of accounting.
• Build and maintain external relationships with auditors, vendors and other business partners.
• Build and maintain internal relationships with diverse lines of businesses and other parts of the organization, including financial reporting, tax, treasury, and investment operations to support their specific needs.
• Assist management in the development of key business indicators, metrics, analytic reports, and investment-related strategies. Communicate with business leaders and internal business partners on the same.
• Stay abreast of financial reporting and regulatory developments related to investment accounting.
• Manage a team of investment accounting professionals, including establishing and monitoring goals, reviewing work completed by team on a timely basis, and ensuring proper communication of investment accounting and corporate policies, practices, and performance.
• Demonstrated ability to deploy generative AI tools to enhance reporting, audit support, and regulatory documentation processes is also considered a strong plus.

Requirements

• 14+ years of investment accounting experience and financial reporting.
• Bachelor's degree, concentration in accounting.
• CPA (preferred).
• Solid experience with US GAAP and Statutory Accounting as it relates to simple and complex investment products within the insurance industry, including expertise with private credit.
• Proven ability to meet daily/monthly/quarterly/annual deliverables.
• Ability to anticipate, identify and resolve financial issues.
• Ability to continually manage multiple priorities.
• Curiosity about emerging technologies and their application in regulated environments
• Bias toward innovation and experimentation within strong governance frameworks

At National Life Group, we view AI as an enabler of human potential. We use AI to help us work smarter, serve more clients, and keep our promises, while remaining a relationship-driven business where our people are our greatest strength.

All applicants are expected to:

• Leverage approved AI tools, where appropriate, to improve the efficiency, quality, and impact of their work.
• Stay curious and open to new AI-enabled ways of working.
• Exercise sound judgment by reviewing and validating AI-generated content.
• Maintain accountability for the accuracy, quality, fairness, and integrity of work products by adhering to National Life’s AI guiding principles.
• Use AI responsibly and in accordance with company policies related to confidentiality, data privacy, security, compliance, retention and intellectual property.

Base Pay Range

The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances.

Additional Compensation and Benefits

The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors.

National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

Salary Pay Range

$181,875 - $266,750 USD

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.

Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in National Life Insurance Company’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.