AVP, Investment Accounting

2 months ago


Montpelier, United States National Life Group Full time
AVP, Investment Accounting

Position Summary:

The AVP, 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.

The AVP, Investment Accounting reports to the Controller

Key Responsibilities:

  • Responsible for the Investment Accounting function, including oversight and direction of GAAP and statutory accounting, and reporting for all asset classes in the Company's consolidated investment portfolio and its subsidiaries and affiliates.
    • 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.
  • Develop continuous process improvement strategy which includes automation and the implementation of new technology, processes, and reporting, and strengthens controls over investment accounting.
  • Assist management in the development of key business indicators, metrics, analytic reports, and investment-related strategies. Communicate to business leaders and internal business partners on the same.
  • Stay abreast of financial reporting and regulatory developments related to investment accounting which can impact the Company and facilitate compliance with such regulations.
  • Manage a team of investment accounting professionals, including establishing and monitoring of goals, reviewing work completed by team on a timely basis, and ensuring proper communication of investment accounting and corporate policies, practices, and performance.
  • Additional duties as required.


Requirements:
  • Minimum of 14 years of investment accounting experience and financial reporting.

  • Bachelor's degree required, concentration in accounting 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.
  • Management experience leading a team of accounting professionals
  • CPA (preferred)
  • Proven ability to meet daily/monthly/quarterly/annual deliverables.
  • Ability to anticipate, identify and resolve financial issues.
  • Ability to continually manage multiple priorities.

The base compensation range represents the low and high end of the range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to qualifications, skills, competencies, location, and experience. The range listed is just one component of our total compensation package for employees.

Other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employment.

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

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.

National Life Group

1 National Life Dr

Montpelier, VT 05604

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