Sr. Investment Accountant - Mortgages

Job Summary

The Sr. Investment Accountant is responsible for performing various duties related to accounting and reporting for investments. This position is part of the Close and Analysis team within the organization’s Investment Center of Excellence (COE) and will assist with the monthly accounting close, various reconciliations and control execution for the Company’s investment portfolio. The ideal candidate will enjoy collaborating with other teams, challenging current processes and driving efficiencies.

This role will support accounting and reporting for mortgages. The candidate must possess Statutory and GAAP accounting knowledge for residential and commercial mortgage loan investments.

Duties & Responsibilities

Investment Accounting Operations

Perform timely GAAP/Stat basis reconciliations for investment and investment related accounts (i.e. suspense, accounts payable/receivables) between subledger and general ledger. This includes researching and resolving variances and ensuring completeness and accuracy of general ledger.

Prepare manual journal entries and extract general ledger details from Oracle on an ad hoc basis.

Analyze and interpret investment data and explain the underlying causes of variances and fluctuations.

Manage high volumes of investment-related financial data and transactions with exceptional organizational skills, ensuring accuracy and taking full ownership of assigned processes from inception to completion.

Perform monthly close tasks and procedures to ensure timely and accurate Clearwater monthly close, proactively communicating and resolving issues with the Clearwater team.

Assist in the coordination of both external and internal audit requests.

Internal Controls & Operational Excellence

Proactively plan for contingencies and identify, propose, and implement process improvements.

Support internal control objectives through risk identification, control execution, documentation, and gap remediation.

Serve as a subject matter expert on assigned duties, providing insight to management to support effective decision-making and operational efficiency.

Assist in the accounting and reporting for insurance company general account and separate account mortgage loan investments.

Support preparation of Statutory reports

This role includes working closely with the third-party accounting administrator and asset managers to research and resolve variances and reconciling items

Supervisory Responsibilities:

This role does not have formal people leadership responsibilities but may provide guidance, mentorship, or subject matter expertise to others.

• Knowledge, Skills & Abilities
• Strong understanding of current processes and overall workflow
• Ability to identify and implement process improvements, internal control enhancements, automation and efficiencies
• Ability to independently learn proficiency in financial systems with the tools and coaching provided
• Ability to brainstorm, research and provide possible solutions to ad hoc questions from the functional area’s business partners
• Ability to perform analysis and challenge the outcome against expected results
• Strong written and verbal communication, organization and interpersonal skills necessary to establish and maintain effective working relationships with others

Able to work & effectively communicate with all levels of management, including executive management.

Support effective partnerships with key groups and individuals and have good consultation and change management skills.

• Strong verbal and writing skills
• Ability to handle multiple complex tasks and prioritize in a fast-paced environment
• Strong attention to detail
• Proficiency in Microsoft Office

Minimum Qualifications

• Bachelor’s degree in Accounting / Finance or other relevant degree
• 2+ year of relevant experience
• 2+ years of experience in related field or combination of experience with a professional designation (CPA, CFA, CIA, CISA, etc.) considered

Preferred Qualifications

• Clearwater experience preferred
• Insurance industry experience preferred (Life, annuity, reinsurance)
• Professional designation in related field preferred (CPA, CFA, CIA, CISA, etc.)
• Other Requirements

This position primarily involves sedentary work, requiring long periods of sitting, regular use of a computer, and occasional standing or walking, with reasonable accommodations available.

Perform other functions, duties and projects as assigned

Regular and punctual attendance

Ability to travel up to:

10% of the time

#LI-Remote #LI-MB1

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G.  If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.

Join our employee-centric hybrid work environment:

F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.

As a national Top Workplace

1

, an Iowa Top Workplace

2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1

Top Workplaces USA 2022 – 2023

2

Des Moines Register Top Workplaces 2018 – 2022

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