Investment Accountant II

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Birmingham, AL, USA
Hybrid
64K-91K Annually
Insurance
Protective has helped people achieve protection and security in their lives for over 117 years.
The Role
The work we do has an impact on millions of lives, and you can be a part of it.
We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.

Protective Life is seeking a Mortgage Loan Investment Accountant to join our Investment Accounting team. This role supports accounting and reporting functions for Protective’s mortgage loan investment portfolio, a key component of the company’s broader investment strategy. The position plays an integral role in ensuring accurate, timely, and compliant reporting across U.S. Generally Accepted Accounting Principles (GAAP), Statutory Accounting, and management reporting.
 
The Mortgage Loan Investment Accountant is responsible for maintaining data integrity within Protective’s mortgage loan accounting systems, executing month‑end close activities, and supporting both routine and evolving reporting requirements. This role partners closely with Investment Accounting teams across securities, derivatives, mortgage loans, and systems, as well as with internal business partners and external data providers, to research issues, resolve discrepancies, and deliver high‑quality financial information.
 
In addition to core accounting responsibilities, the role contributes to system enhancements, process improvements, documentation, and special projects, including testing related to system upgrades. This position is well‑suited for a detail‑oriented, analytically minded accounting professional who is intellectually curious, comfortable working with complex data, and eager to deepen expertise in mortgage loan investments within a collaborative, high‑performance environment.

Key Responsibilities

  • Complete Generally Accepted Accounting Principles (GAAP), Statutory (STAT), and Dai‑ichi reporting requirements related to mortgage loan investments.
  • Ensure the accuracy and integrity of data inputs within Strategy, Protective’s Mortgage Loan Accounting system.
  • Execute month‑end close activities, including reconciliations, general ledger reviews, and senior management reporting.
  • Perform core Mortgage Loan Accounting functions and reporting that may vary by month or quarter.
  • Research, analyze, and resolve accounting or data issues in coordination with internal teams and external data providers.
  • Assist with the development, management, and maintenance of investment‑related data used for internal and external reporting.
  • Participate in Strategy system upgrade testing and support special projects as needed.
  • Serve as a key contributor on Mortgage Loan Accounting initiatives and cross‑functional projects.
  • Create, maintain, and update process documentation and work instructions.
  • Provide backup support to other team members to ensure deadlines are met and workloads are balanced.
  • Complete ad‑hoc analyses, requests, and projects.

Skills, Knowledge, and Abilities:

  • Strong understanding of accounting principles; familiarity with U.S. Generally Accepted Accounting Principles (GAAP) and Statutory Accounting; working knowledge of investment accounting with a focus on mortgage loans preferred.
  • Proficiency with Microsoft Excel and the Microsoft Office Suite, including pivot tables and lookup functions; strong ability to understand accounting systems, data flows, and end‑to‑end processes; experience with mortgage loan accounting systems (such as Strategy) or similar investment accounting platforms preferred.
  • Excellent analytical and problem‑solving skills; strong attention to detail and accuracy; ability to identify issues, analyze complex data, and research and resolve discrepancies.
  • Clear and professional communication skills; ability to work effectively with internal partners and external providers
  • Strong organizational and time‑management skills; ability to manage multiple priorities in a deadline‑driven environment; ability to work independently and as part of a team; high level of initiative, accountability, and ownership of work product; intellectual curiosity and commitment to continuous learning.

Required Qualifications:

  • Bachelor’s or Master's degree in Accounting required.
  • 3+ years of accounting experience.
  • Demonstrated proficiency in Microsoft Excel.
  • Experience working with financial systems and structured accounting processes.

Preferred Qualifications

  • Certified Public Accountant (CPA) designation.
  • Prior experience with mortgage loan accounting or mortgage loan investments.
  • Exposure to GAAP and Statutory accounting frameworks.
  • Experience working closely with Investment Accounting teams, including securities, derivatives, mortgage loans, or accounting systems

#LI-AP1
 
 
The internal job title for this role is General Accounting Analyst II.

Employee Benefits:  
We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health.  Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.   

Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.

Accommodations for Applicants with a Disability:
If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  General employment questions should not be sent through this process.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.

Protective Life Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Protective Life and has not been reviewed or approved by Protective Life.

  • Retirement Support A pension plan alongside a 401(k) with employer match is repeatedly highlighted and considered a standout feature. Feedback suggests these offerings provide strong long‑term financial security.
  • Healthcare Strength Medical, dental, vision, and prescription coverage are complemented by HSA/FSA options with company contributions and wellness incentives. Feedback suggests the breadth of health benefits is comprehensive.
  • Leave & Time Off Breadth Paid time off and holidays are frequently cited as positives, with parental leave and adoption assistance available. Feedback suggests time‑off policies support work‑life balance.

Protective Life Insights

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The Company
HQ: Birmingham, AL
2,912 Employees
Year Founded: 1907

What We Do

Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the United States. Protective traces its roots to its flagship company founded in 1907, Protective Life Insurance Company. Throughout its more than 110-year history, Protective’s growth and success can be largely attributed to its ongoing commitment to serving people and doing the right thing — for its employees, distributors and, most importantly, its customers. Protective’s home office is located in Birmingham, Alabama, and its 3,000+ employees work across the United States. As of June 30, 2020, Protective had assets of approximately $123 billion. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings,

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