Assistant Director, Investment Accounting - Insurance | Manhattan, NY, USA | In-Office

Assistant Director, Investment Accounting - 4 days in NYC About the Company Our client is a global financial services organization with a strong presence across insurance, asset management, and capital markets. The company manages a broad and diversified investment portfolio and is recognized for its disciplined approach to risk, long-standing expertise in financial reporting, and commitment to operational excellence. With entities operating in multiple jurisdictions, the organization maintains a sophisticated finance infrastructure designed to support transparency, accuracy, and strategic decision-making. Department Overview - Investment Accounting The Investment Accounting team oversees the end‑to‑end accounting, reporting, and governance of a large, multi‑asset investment portfolio. These holdings include fixed income securities, equity investments, structured products, private capital funds, derivatives, and various lending portfolios. The group plays a critical role in ensuring financial data integrity, implementing new accounting guidance, maintaining a controlled reporting environment, and supporting both internal and external stakeholders. Core responsibilities of the department include: • Reconciling sub-ledger and transaction activity to the general ledger • Preparing and reviewing investment-related disclosures for GAAP and statutory reporting • Managing accounting for new investment structures and products • Supporting audits, regulatory filings, and internal control requirements • Evaluating and implementing new accounting policies and systems related to investment data Role Responsibilities • Lead and execute monthly and quarterly investment accounting close processes, ensuring accuracy and completeness across multiple legal entities. • Prepare and review financial disclosures related to investments, including GAAP footnotes, fair value reporting, variable interest entities, lending disclosures, and MD&A-related analytics. • Support the preparation of statutory investment schedules and other regulatory reporting requirements. • Drive process improvements and automation efforts across investment accounting operations in partnership with cross-functional teams. • Serve as a primary resource for controllers, business unit finance teams, and investment operations on technical accounting matters. • Collaborate with internal stakeholders to understand new investment structures and ensure appropriate accounting treatment and system setup. • Provide analytical insights and respond to ad-hoc requests related to investment results, trends, and variances. • Participate in initiatives involving new accounting standards, system enhancements, or platform upgrades affecting investment data. Required Qualifications • Bachelor's degree in Accounting, Finance, or a related discipline. • 10+ years of experience in investment accounting, financial reporting, or a similar technical accounting role. • Strong understanding of investment products, including fixed maturity securities, equities, alternative investments, and other structured financial instruments. • Deep knowledge of U.S. GAAP as it relates to investments and the preparation of relevant journal entries and disclosures. • Experience preparing or reviewing statutory investment schedules and related regulatory filings. • Familiarity with foreign currency translation, remeasurement, and related accounting concepts. • Strong analytical abilities with experience preparing written commentary and reviewing complex workpapers. • High proficiency in Microsoft Excel, including pivot tables, advanced formulas, and data analysis techniques. • Experience collaborating with teams across multiple locations and functions. • Demonstrated ability to manage multiple projects, meet deadlines, and apply strong attention to detail in a fast-paced environment. • Commitment to improving processes, strengthening controls, and maintaining high-quality financial outcomes. • Strong interpersonal skills with the ability to build relationships and effectively communicate with teams at all levels. • Proficiency with Microsoft Office; familiarity with investment accounting systems or data platforms is preferred. • Experience with tools such as PAM or Aladdin is beneficial but not required.