Senior Investment Accountant

Job Description

Sr. Investment Reporting Accountant (Hybrid)

This role is responsible for delivering accounting and reporting support for Globe Life’s $20 billion investment portfolio, which consists of fixed income securities, equities, commercial and residential mortgage loans, investments in limited partnerships, and other alternative assets. The position provides investment accounting for the holding company and seven life insurance subsidiaries, and leads investment accounting responsibilities and processes, including GAAP and insurance statutory accounting and reporting, regulatory reporting, rating agency surveys and compliance monitoring.

Location:

McKinney, Texas. Hybrid position:
Work‑from‑home Monday & Friday, in‑office Tuesday‑Thursday.

• Lead monthly and quarterly investment accounting close processes, including preparing complex journal entries for valuations, income accruals, and realized/unrealized gains and losses.
• Prepare and review quarterly and annual statutory statements, annual audited statutory reports, subsidiary board reports, risk‑based capital and other supplemental reports, and annual investment surveys.
• Review and maintain investment data required for GAAP and statutory accounting and reporting.
• Review statutory disclosures prepared by investment accounting specialists and audited statutory financials for accuracy, consistency and completeness.
• Prepare and review critical statutory filing schedules (e.g., Schedule BA, Schedule D, Investment Income Exhibits) and provide footnote disclosures for year‑end audited financial statements.
• Ensure accounting policies are documented and compliant with US GAAP and insurance statutory reporting requirements.
• Prepare annual investment surveys from rating agencies and regulators.
• Ensure compliance of portfolio holdings with relevant investment limitations and requirements.
• Create reports for boards and regulators that monitor investment exposures versus guidelines.
• Perform daily and monthly reconciliations of security positions, market values, and cost values between internal general ledgers and third‑party custodian records or investment managers.
• Perform periodic system data reviews to ensure accuracy and completeness.
• Account for and analyze specialized investments such as limited partnerships (LPs), commercial and residential mortgage loans, and asset‑backed securities, applying appropriate accounting methods.
• Implement accounting and reporting for new asset classes, such as residential mortgage loans.
• Prepare ad‑hoc investment reporting for senior management and other internal and external stakeholders.
• Identify opportunities to leverage automation and data analytics to streamline workflows, enhance reporting accuracy, and reduce manual tasks.
• Work with IT to automate existing manual spreadsheets using a database environment.
• Evaluate investment accounting processes, identifying opportunities for improvement in efficiencies and effectiveness, and assist the department in the implementation of these improvements.
• Support internal and external audits by providing documentation and responding to technical queries.
• Maintain controls in compliance with Sarbanes‑Oxley (SOX) and other internal controls.
• Perform periodic reviews of the internal control environment (SOX), critically evaluating existing controls to determine which remain necessary and which can be streamlined or eliminated to improve operational efficiency without increasing risk.
• Conduct technical research on complex accounting issues and document conclusions in formal policy memos.
• Research, interpret, document and implement new accounting releases.
• Coordinate the implementation of new accounting standards.
• Research GAAP and statutory accounting guidance associated with new investment strategies and monitor changes to accounting rules and policies, assessing potential impacts to Globe Life and its subsidiaries.

• Bachelor’s degree in Accounting, Finance, or a related field.
• Five years’ experience in GAAP and insurance industry reporting or relevant experience.
• Experience with US GAAP and insurance statutory accounting reporting.
• Public accounting…