AVP, Investment Accounting

National Life Group; Montpelier (VT); On-site; USD 150,000 - 210,000; Full time

Job summary

National Life Group in Montpelier, VT seeks an AVP of Investment Accounting to lead GAAP and statutory reporting across all asset classes, including private credit and alternative investments. You will build and scale a next-generation accounting function, partnering with auditors and business lines.

The role focuses on delivering timely financial reporting, governance, and leveraging advanced technology to improve processes and regulatory documentation.

Qualifications

• 14+ years of investment accounting and financial reporting experience.
• CPA (preferred).
• Solid experience with US GAAP and Statutory Accounting for investment products in insurance.
• Ability to meet daily/monthly/quarterly/annual deliverables.

Responsibilities

• Oversee GAAP and statutory accounting for all asset classes in the consolidated investment portfolio.
• Ensure accurate month-end, quarter-end and annual reporting of investment balances.
• Build and maintain external relationships with auditors, vendors and partners.
• Collaborate with financial reporting, tax, treasury and investment operations to meet needs.
• Develop key indicators, metrics and analytic reports; communicate with leaders.
• Stay informed on regulatory developments related to investment accounting.
• Manage a team of investment accounting professionals; monitor goals and communication.
• Leverage generative AI tools to enhance reporting, audit support, and regulatory documentation processes.

Skills

Investment accounting

GAAP

Statutory accounting

Financial reporting

Leadership

Private credit

Alternative investments

Private equity

Education

Bachelor's degree in accounting

CPA (preferred)

Tools

Generative AI tools

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.