The Director of Investment Accounting is responsible for overseeing the accounting and financial reporting for insurance company investments. This role requires strong knowledge of Statutory and GAAP accounting standards to ensure the timely and accurate reporting of investment transactions. The ideal candidate will have experience with structured securities, options, limited partnerships, and commercial mortgage loan investments, with a particular emphasis on the equity method of accounting.
This leadership role involves managing a team of investment accounting professionals, collaborating with key stakeholders, and driving process improvements to enhance efficiencies and compliance.
Key Responsibilities
- Oversee daily investment accounting transactions within the investment accounting system, ensuring accuracy and adherence to reporting standards.
- Prepare and review financial statement disclosures and schedules related to the investment portfolio.
- Conduct thorough review of reports, reconciliations, and analyses of investment-related general ledger, income statement, and balance sheet accounts.
- Lead and develop a team of investment accounting professionals, providing mentorship and oversight.
- Work closely with custodian banks and external investment managers to ensure accurate investment accounting and reporting.
- Analyze investment accounting results and effectively communicate key insights to senior management.
- Ensure that investment accounting policies, procedures, and internal controls are properly documented and updated.
- Maintain strong relationships with internal and external auditors, supporting requests related to GAAP and statutory reporting.
- Identify opportunities to improve process efficiency in financial statement preparation and related disclosures.
- Research and analyze regulatory, technical, or industry developments impacting investment accounting.
- Lead or support key investment accounting projects to enhance operational effectiveness.
Qualifications & Experience
- Bachelor’s degree in Accounting, Finance, or a related field.
- 8+ years of experience in investment accounting, financial reporting, or auditing, preferably within the insurance or financial services industry.
- Strong understanding of Statutory and GAAP accounting standards for investments.
- Experience with structured securities, options, limited partnerships, and commercial mortgage loan investments is highly beneficial.
- Proficiency in the equity method of accounting.
- Demonstrated leadership and team management skills with the ability to mentor and develop accounting professionals.
- Strong analytical skills and attention to detail in reviewing and processing financial data.
- Excellent communication and collaboration skills for working with internal teams, auditors, and external investment partners.
- Ability to streamline processes and drive efficiency in investment accounting and reporting functions.
- Proficiency in investment accounting systems and financial reporting tools.
Pay Range:
- $99,100.00 - $146,050.00
Salary is commensurate to experience, location, etc.
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Horace Mann was founded in 1945 by two Springfield, Illinois, teachers who saw a need for quality, affordable auto insurance for teachers. Since then, we’ve broadened our mission to helping all educators protect what they have today and prepare for a successful tomorrow. And with our broadened mission has come corporate growth: We serve more than 4,100 school districts nationwide, we’re publicly traded on the New York Stock Exchange (symbol: HMN) and we have more than $12 billion in assets.
We’re motivated by the fact that educators take care of our children’s future, and we believe they deserve someone to look after theirs. We help educators identify their financial goals and develop plans to achieve them. This includes insurance to protect what they have today and financial products to help them prepare for their future. Our tailored offerings include special rates and benefits for educators.
EOE/Minorities/Females/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status
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What We Do
Horace Mann was founded in 1945 by two educators in Springfield, Ill., who believed teachers deserved affordable auto insurance. Originally called the Illinois Education Association Mutual Insurance Company, our name was changed to honor the father of the American public education system, Horace Mann. We are proud to share his name. At Horace Mann, the hard work, commitment and dedication of our employees are the foundation of our success. And today we are the largest, national multiline insurance company dedicated to serving America’s educators and their families. Our purpose is to provide lifelong financial well-being for educators and their families through personalized service, advice, and a full range of tailored insurance and financial products. Through our professional agents and their staff, we offer insurance and financial products to the educational community across the United States.
