Director of Investment Accounting

Director of Investment Accounting

Employer: A-CAP Services LLC

Department: Finance

Reports To: Controller

Location: Onsite in Des Moines

A-CAP is a leading provider of capital and third-party asset management solutions. Through our synergistic platform of insurance carriers, reinsurers, and asset management businesses, A-CAP delivers tailored capital solutions to individuals, insurance companies, and small- to medium-sized businesses.

Backed by a leadership team and operational experts with deep expertise across insurance, reinsurance, and asset management sectors, A-CAP is committed to delivering meaningful results and adding value to our clients and capital partners. This commitment is demonstrated through the industry-leading risk-adjusted returns we achieve, and the innovative capital solutions we provide to meet the needs of a diverse range of partners.

A-CAP's Core Business Includes:

• Capital Solutions
• Commercial Real Estate
• Third-party Asset Management
• Private Credit
• Primary Insurance Carriers
• Accredited Reinsurers

We are seeking a Director of Investment Accounting to lead all aspects of investment accounting and reporting for a growing annuity insurance platform. This role will oversee Investment Accounting for a complex, multi-asset investment portfolio and serve as a key partner to finance leadership, investments, actuarial, risk, and external stakeholders. The ideal candidate brings deep insurance investment accounting expertise, strong leadership skills, and experience operating in a regulated environment.

The role will report to the Controller.

• Lead the Investment Accounting function for the company’s annuity and insurance operations, covering GAAP and Statutory reporting.
• Oversee accounting and reporting for a diversified investment portfolio including fixed income, structured products, private credit, alternatives, and derivatives.
• Manage the monthly, quarterly, and annual close process related to investments, ensuring accuracy, timeliness, and strong internal controls.
• Own preparation and review of statutory investment schedules, investment footnotes, and related disclosures.
• Ensure compliance with US GAAP, STAT, ASC 820 (fair value), NAIC guidance, and internal accounting policies.
• Serve as the primary liaison for external auditors, regulators, rating agencies (e.g., AM Best), and internal audit on investment-related matters.
• Partner closely with the investment team to support new investment structures, asset classes, and transactions from an accounting and reporting perspective.
• Oversee custodian and investment system reconciliations, valuation processes, and data integrity across platforms.
• Lead, mentor, and develop a team of investment accounting professionals; support organizational growth and scalability.
• Drive process improvements, automation initiatives, and system enhancements to improve efficiency and controls.
• Provide subject‑matter expertise and leadership during audits, transactions, and strategic initiatives.
• Monitor changes in accounting regulations and investment industry trends to ensure the organization remains compliant and competitive

• Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred).
• 10+ years of experience in investment accounting, with significant experience in life insurance and annuity operations.
• Deep knowledge of STAT and GAAP investment accounting, including NAIC reporting requirements.
• Experience with complex investment products and alternative assets.
• Proven experience leading teams and managing senior‑level stakeholders.
• Strong understanding of investment accounting systems and custodial platforms, preferably Clearwater.
• Prior experience working with Big 4 auditors, regulators, and rating agencies.
• Strong analytical, communication, and leadership skills.

• Experience supporting a high‑growth or evolving annuity platform.
• Background in both insurance company and asset management environments.
• Exposure to reinsurance structures and investment‑related risk management.
• Experience implementing or upgrading investment accounting systems.

A‑CAP works hard to create a…