Manager, Investment Accounting

HealthFitness; Lake Forest (IL); Hybrid; USD 81,000 - 117,000; Full time

Benefits offered by this job

Bonus potential

Job summary

Trustmark is seeking a Manager, Investment Accounting to be based in Lake Forest, IL, with a hybrid schedule (office 3 days a week). The role manages financial records, reports, and investment data analysis, ensuring compliance with standards and regulations while helping optimize investment strategies.

The position requires a Bachelor's degree (or equivalent experience) and 6–8 years in related work, or a HS Diploma with 8–10 years.

Qualifications

• Bachelor’s degree or 6–8 years of related experience, or HS diploma with 8–10 years of related experience.
• Experience with investment accounting processes and regulatory reporting (NAIC) preferred.
• Ability to prepare and analyze investment reports, schedules and notes.

Responsibilities

• Analyze and monitor investment accounting transactions and reporting.
• Reconcile monthly investment journal entries and resolve discrepancies.
• Prepare quarterly and annual statutory schedules and notes; NAIC filings as needed.
• Prepare cash management reports and analyze cash flow variances.
• Perform variance analysis on quarterly financial statements and develop metrics.
• Prepare investment tax work papers and explanations of variances for Tax department.
• Oversee investment-related audit requests from internal and external auditors.

Skills

Investment accounting

Financial analysis

GAAP knowledge

Variance analysis

Audit coordination

Cash management

Education

Bachelor's degree

High School Diploma or GED

Job description

Trustmark’s mission is to improve wellbeing – for everyone. It is a mission grounded in a belief in equality and born from our caring culture. It is a culture we can only realize by building trust. Trust established by ensuring associates feel respected, valued and heard. At Trustmark, you’ll work collaboratively to transform lives and help people, communities and businesses thrive. Flourish in a culture of diversity and inclusion where appreciation, mutual respect and trust are constants, not just for our customers but for ourselves. At Trustmark, we have a commitment to welcoming people, no matter their background, identity or experience, to a workplace where they feel safe being their whole, authentic selves. A workplace made up of diverse, empowered individuals that allows ideas to thrive and enables us to bring the best to our colleagues, clients and communities.

About the role

Trustmark is looking for a Manager, Investment Accounting to work in the office 3 days a week.

Responsible for managing financial records, preparing reports, analyzing investment data, and identifying variances. Ensure compliance with accounting standards and regulations, assess risks, and help optimize investment strategies.

Key Accountabilities:

• Investment Transactions: Analyzes and monitors vendor investment accounting transactions and reporting. Interacts with vendor to understand transaction and accounting/reporting trends. Reconciles monthly investment journal entries and resolves discrepancies. Partners with Investment department to understand properties of purchased investments.

• Statutory reporting: Prepares quarterly and annual statutory statement schedules/exhibits. Prepares NAIC filings for more complex schedules, exhibits and notes. Reviews annual investment schedules and exhibits, including AVR and IMR. Prepares investment statement notes, general interrogatories, and notes to the audited financials.

• Cash Management: Prepares cash management reports for quarterly non-insurance meetings. Partners with Corporate and business unit Finance teams to analyze and understand cash flow results and key variances.

• Variance Analysis: Prepares and reviews for significant, unusual, or unreasonable variances in the quarterly financial statements. Analyzes key investment variances for the TIC and TLC legal entities. Develops and implements metrics to analyze variances.

• Tax Work Papers: Prepares and reviews investment tax work papers and explanations of key variances for Tax department.

• Audit: Oversees investment-related audit requests from both internal and external auditors.

Minimum Requirements:

Bachelor’s Degree and/or 6 – 8 years of related experience OR High School Diploma or GED with 8-10 years of related experience.

The compensation range for this role is (based on the corporate location in Lake Forest, Illinois):

$81,274.30 - $117,396.33 per year

The final salary offer will be determined based on factors such as location, qualifications, experience, skill set, and other relevant factors. This position may also be eligible for bonus. We understand that compensation is an important factor when considering a new opportunity, and we strive to provide a competitive salary within the market.

Brand: Trustmark

In addition to compensation, we offer a comprehensive benefits package that includes: Health/dental/vision, life insurance, FSA and HSA, 401(k) plan, Employee Assistant Program, Back-up Care for Children, Adults and Elders and many health and wellness initiatives. We also offer a Wellness program that enables employees to participate in health initiatives to reduce their insurance premiums.

Trustmark is committed to leveraging the talent of a diverse workforce to create great opportunities for our people and our business. We are an equal opportunity employer, including disability and protected veteran status.