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Oliver James

Investment Accounting Manager

Oliver James, Chicago, Illinois, United States, 60290

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Oliver James is pleased to partner with an AM Best A‑rated life and annuities carrier. This opportunity is open due to growth, and our client seeks sharp individuals with strong statutory reporting skill sets and hands‑on accounting experience across investment complex portfolios. Ideal candidates will come from Big 4 insurance audit backgrounds or have previous experience in public accounting.

The Role As Investment Accounting Manager, you’ll lead and support a team responsible for accounting and reporting across the company’s diversified investment portfolio— including fixed income, structured securities, common/preferred equities, derivatives, limited partnerships, and other alternative assets. You’ll partner closely with Treasury, investment managers, and auditors to drive efficiency, enhance governance, and deliver high‑quality financial insights.

Duties And Responsibilities

Serve as a subject matter expert on accounting and reporting for multi‑billion dollar investment portfolio

Manage relationships with Treasury, third‑party investment managers and external auditors

Compile and/or review footnotes and schedules for U.S. GAAP and statutory financial statements

Perform balance sheet and income statement attribution and variance analysis

Evaluate investment results and prepare and communicate analytics package to finance leaders

Research accounting and reporting guidance on new investments

Review investment portfolio and discuss with investment managers to determine if an allowance or impairment is needed

Identify, book and review manual journal entries needed for accurate financial results

Calculate and evaluate Interest Maintenance Reserve and Asset Valuation Reserve

Execute key internal financial controls to ensure accurate investment accounting results

Assist and develop junior staff on daily, monthly, and quarterly tasks

Provide reporting and supplemental information to reinsurance cedants

Support an environment of continuous improvement

What You Bring

Bachelor’s degree in Accounting, Finance, or a related field. A master’s degree or relevant professional certifications (e.g., CPA, CMA) is desired.

Previous public accounting/audit experience required.

Minimum 4+ years of experience in investment accounting and financial reporting for an insurance carrier.

Thorough understanding of financial reporting standards (GAAP, STAT) and regulatory compliance.

Effective communication and presentation skills, with the ability to convey technical information to non‑technical stakeholders.

Excellent analytical and problem‑solving skills.

Integrity and ethical leadership, promoting a culture of accountability and professionalism within the team.

Proven track record in fostering a culture of continuous improvement and innovation within the team.

Strong organizational and project management abilities, with a focus on meeting deadlines and priorities.

Proficiency in accounting software (e.g., Clearwater Analytics, Workday, Oracle) and MS Excel.

Whats On Offer

Competitive compensation with performance‑based incentives

Comprehensive medical, dental, and vision coverage

401(k) with company match

Flexible paid time off and paid holidays

Tuition reimbursement for continued professional development

Hybrid work model promoting flexibility and balance

Apply Now

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