Director - Investment Accounting

Oliver James Group; Raleigh (NC); On-site; USD 150,000 - 230,000; Full time

Job summary

Oliver James Group is seeking a Director of Investment Accounting for a Raleigh, NC-based life and annuity carrier. The role leads investment accounting across diverse asset classes and partners with actuarial, treasury, and investment management teams to ensure compliant financial reporting.

The position demands deep SAP/GAAP knowledge, strong leadership, and a track record of guiding teams through complex reporting and audits within the insurance sector.

Qualifications

• Bachelor's degree in Accounting or Finance; CPA/CFA preferred.
• 8+ years of investment accounting experience in life insurance/annuities.
• Strong knowledge of SAP/GAAP and statutory accounting.
• Experience with SAP/Oracle and portfolio reporting.

Responsibilities

• Lead and oversee investment accounting for portfolio including fixed income, equities, real estate, private equity, and alternatives.
• Manage preparation, review and filing of monthly, quarterly, and annual reports.
• Ensure compliance with SAP, GAAP, NAIC and internal policies.
• Collaborate with actuarial, treasury and investment teams for proper accounting treatment.

Skills

Leadership

Investment accounting

Communication

Cross-functional collaboration

Education

Bachelor's degree in Accounting/Finance

Tools

SAP

Oracle

Job description

Director of Investment Accounting - Life and Annuity Carrier

Location: Raleigh/Durham, NC
Company Type: Life Insurance and Annuities
Position Type: Full-Time, Permanent
Reports To: Controller

About the Role:

We are working with a highly respected life and annuity carrier in search of a Director of Investment Accounting. This is an exciting leadership opportunity to join a dynamic and fast-growing organization at the forefront of the life insurance and annuity industry. The Director of Investment Accounting will be responsible for managing the investment accounting functions, overseeing accurate financial reporting, and supporting strategic decision-making to ensure the company's investment portfolio is effectively managed and accounted for in compliance with industry standards and regulatory requirements.

Key Responsibilities:

• Lead and oversee all aspects of investment accounting for the life and annuity carrier's investment portfolio, including fixed income, equities, real estate, private equity, and alternative investments.
• Manage the preparation, review, and timely filing of monthly, quarterly, and annual investment accounting reports.
• Ensure compliance with statutory and GAAP accounting principles, regulatory requirements (e.g., NAIC), and internal policies.
• Collaborate with the actuarial, treasury, and investment management teams to ensure proper accounting treatment for investment transactions and to support portfolio performance analysis.
• Review and ensure the accuracy of investment-related financial statements and disclosures in the company's financial reports.
• Provide leadership, training, and guidance to the investment accounting team, promoting continuous development and adherence to best practices.
• Coordinate the audit process for investment-related accounts, liaising with external auditors to ensure smooth and efficient audits.
• Evaluate and implement improvements to internal controls, accounting systems, and processes to drive efficiency and accuracy.
• Monitor emerging industry trends, regulatory changes, and technological advancements that may impact investment accounting practices.
• Support ad hoc reporting and analysis for senior management and the board of directors, as needed.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field; CPA, CFA, or other relevant certification preferred.
• 8+ years of experience in investment accounting, with a focus on life insurance or annuity carriers, or financial institutions.
• Deep knowledge of statutory accounting principles (SAP), Generally Accepted Accounting Principles (GAAP), and investment accounting for fixed income, equity, and alternative asset classes.
• Strong leadership experience, with the ability to manage and mentor a team of professionals.
• Proven track record in managing complex investment portfolios and financial reporting within the insurance industry.
• Experience with investment accounting software and enterprise financial systems (e.g., SAP, Oracle).
• Exceptional analytical, communication, and interpersonal skills.
• Strong problem-solving abilities, attention to detail, and ability to work independently in a fast-paced environment.
• Ability to collaborate cross-functionally with teams including actuarial, treasury, finance, and investment management.

Why Join Our Client?

• Opportunity to work with an industry-leading life and annuity carrier with a strong reputation and growth trajectory.
• Competitive compensation package with benefits and potential for career advancement.
• Work in a collaborative environment where your expertise and leadership will make a direct impact.