Investment Accountant II

Job Responsibilities and Requirements

The Investment Accountant II is responsible for working across certain disciplines within the Investment Accounting Department. The Investment Accountant will also perform and assist in implementing critical investment reporting functions, department initiatives, and analytical support for portfolio managers. In addition, the Investment Accountant II is expected to produce quality GAAP and statutory reports and disclosures for management review and regulatory filings.

Reporting

• Assists with general ledger entry recording process across various accounting bases for investment-related items, including the preparation of supporting documentation and the reconciliation of key accounts.
• Produces monthly management reporting pages and packages for the parent company and insurance entities and responds to management inquiries, including development of new reporting items as required.
• Provides supporting tie-out schedules for financial statements for certain GAAP and statutory disclosures, including proactively seeking assistance with implementing reporting requirement and portfolio composition changes.
• Ensures accuracy of information included in financial reporting packages and management reporting deliverables for corporate parent.
• Assists with internal and external auditor requests with appropriate documentation and workpapers.

Analysis

• Understands general ledger workflow for all entities and implements best practices to optimize the monthly close process including automation, streamlining, and management-level control reports.
• Analyzes and understands drivers behind investment income through independent analytics and variance analysis, including assisting in remediating issues in a timely manner, addressing any data and/or investment accounting policy inconsistencies by working across all stakeholders including third-party providers.
• Understands investment positions and drivers, and provides any necessary disclosures required for financial reporting
• Validates and analyzes Management Fees and Incentive Fee expenses and accruals.
• Ensures accuracy and consistency of reporting packages for parent and insurance subsidiary board materials.
• Applies investments knowledge and previous work experience to assess reasonableness of results and proactively questions inconsistent data sets.

Project Management & Automation

• Works with outsourced investment accounting provider to assist with automation and reporting functionality initiatives and improve analytics around positions, income, and transactions.
• Streamlines and supports the suspense clearing process, including investment accounts payable and accounts receivable.
• Leads at least one department initiative per year including developing a project plan, implementing the initiative, and monitoring the progress after implementation to determine level of success.
• Proactively recommends changes and/or improvements to workflow processes.
• Participates in department meetings and engages colleagues in open forum discussions.

Required Knowledge, Skills, Abilities, and/or Related Experience

• Bachelor’s degree in finance, accounting, or economics
• CPA designation or working towards CPA designation preferred.
• 2+ years relevant work experience.
• Familiarity with investment accounting with associated GAAP and statutory principles.
• Familiarity with of fixed income instruments and concepts, including discounting and time value of money principles, and internal rates of return.
• Ability to communicate complex information in a concise and understandable manner.
• Ability to multitask and prioritize work to attain strict deadlines.
• Demonstrates independence to complete tasks with minimal supervision.
• Solid proficiency in Microsoft Office, particularly Microsoft Excel and PowerPoint, including competency with various Excel formulas including V- and H-lookups, pivot tables, database functions, and arrays.
• Familiarity with Microsoft Fabric and Power BI preferred.
• Ability to research, comprehend, and make recommendations based upon accounting guidance.

Work location may be flexible if approved by the Company.

What We Offer

At Reliance Matrix, we believe that fostering an inclusive culture allows us to realize more of our potential. And we can’t do this without our most important asset—you.

That is why we offer a competitive pay package and a range of benefits to help team members thrive in their financial, physical, and mental wellbeing.

Our Benefits:

• An annual performance bonus for all team members
• Generous 401(k) company match that is immediately vested
• A choice of three medical plans (that include prescription drug coverage) to suit your unique needs. For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
• Multiple options for dental and vision coverage
• Company provided Life & Disability Insurance to ensure financial protection when you need it most
• Family friendly benefits including Paid Parental Leave & Adoption Assistance
• Hybrid work arrangements for eligible roles
• Tuition Reimbursement and Continuing Professional Education
• Paid Time Off – new hires start with at least 20 days of PTO per year in addition to nine company paid holidays. As you grow with us, your PTO may increase based on your level within the company and years of service.
• Volunteer days, community partnerships, and Employee Assistance Program
• Ability to connect with colleagues around the country through our Employee Resource Group program

Our Values:

• Sustainable Performance
• Continuous Improvement
• Customer Experience
• Collaboration
• Empowerment
• Sense of Community

EEO Statement

Reliance Matrix is an equal opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, national origin, citizenship, age or disability, or any other classification or characteristic protected by federal or state law or regulation. We assure you that your opportunity for employment depends solely on your qualifications.

About Us

Reliance Matrix delivers employee benefits, absence management and workforce productivity solutions through the financial stability of a top-rated insurance carrier, the agility and innovative spirit of a Third Party Administrator (TPA), and the daily commitment of thousands of team members across America. Where larger competitors offer size, we inspire confidence and long term engagement through integration, reliability and dedication to providing customized solutions.

Reliance Matrix innovates and provides technology-driven absence and benefit solutions that enable employees and employers to manage time away from work.

We help employers attract and retain valuable human capital through thoughtful, inclusive benefit programs delivered with care.

We bring top-tier regulatory knowledge and cutting edge technology to help optimize workforce productivity and compliance.

We offer a seamless member experience customized to each individual’s need and event.

We integrate our solutions and expertise with leading HR technologies to ensure accuracy, efficiency and a superior customer experience.

We are a proud member of the global Tokio Marine Group, one of the oldest, largest and most respected insurance organizations in the world.

In the business hierarchy, human capital is the most precious of assets. Reliance Matrix delivers comprehensive, integrated solutions and services to attract, protect and help optimize an employer’s work force in a changing, challenging world.

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