Investment Accounting Manager

Trustmark’s mission is to improve wellbeing – for everyone. It is a mission grounded in a belief in equality and born from our caring culture. It is a culture we can only realize by building trust. Trust established by ensuring associates feel respected, valued and heard. At Trustmark, you’ll work collaboratively to transform lives and help people, communities and businesses thrive. Flourish in a culture of diversity and inclusion where appreciation, mutual respect and trust are constants, not just for our customers but for ourselves. At Trustmark, we have a commitment to welcoming people, no matter their background, identity or experience, to a workplace where they feel safe being their whole, authentic selves. A workplace made up of diverse, empowered individuals that allows ideas to thrive and enables us to bring the best to our colleagues, clients and communities.

About the role

Trustmark is looking for an Investment Accounting Manager.

Record, reconcile, monitor, and analyze monthly Investment accounting entries for STAT and GAAP companies provided by the outsourced vendor. Prepare and review quarterly/annual statutory statement schedules/exhibits, tax work papers, and other financial reporting needs including external and management reporting. Provide cash management and miscellaneous accounting support.

Key Accountabilities

• Monitor and analyze vendor investment accounting transactions and reporting. Interact with vendor to understand transaction and accounting/reporting trends. Reconcile monthly investment journal entries to investment system and resolve discrepancies. Develop metrics to help analyze key investment variances.  Interact with investment department to understand properties of purchased investments. Stay abreast of changes in investment accounting rules to assure proper and timely application. Create ad hoc investment accounting reporting.
• Produce investment tax work papers and roll-forward for the Tax Department along with explanation of key variances.
• Review and input quarterly and annual investment schedules/exhibits, including the AVR and IMR, into the annual statement software. Prepare investment statement notes, general interrogatories, and notes to the audited financials.  Complete investment related regulatory and management reporting as required, including surplus package schedules.
• Prepare cash management reports for quarterly non-insurance meetings. Interact with Corporate and Business Unit finance staff to obtain cash flow results to incorporate into presentations along with explanation of key variances.
• Assist and support various areas including Investments, financial reporting, corporate finance, business units, rating agencies, and both internal and external auditors. Primary contact for Investment related audit requests.
• Create summary reports and accounting entries for the non-qualified plan. Complete other miscellaneous accounting and cash management functions as assigned.

Minimum Requirements

• Bachelor’s degree in Accounting or Finance
• 5+ years of Insurance industry experience
• 5+ years investment accounting or equivalent experience
• General knowledge of investment vehicles
• Excellent written and verbal communication skills
• Self-motivated, independent problem solver with the ability to make decisions
• Innovative thinker who suggests or improves procedures
• Advanced MS Office skills, especially Excel

Preferred

• 6 to 10 years investment accounting or equivalent experience
• Knowledge of Statutory Investment and Tax Accounting
• Proficient in Workday Financial, including writing advanced and composite reports
• Exposure to daily cash flow management and financial reporting
• CPA

The compensation range for this role is (based on the corporate location in Lake Forest, Illinois):

$81,274.30 - $117,396.33 per year

The final salary offer will be determined based on factors such as location, qualifications, experience, skill set, and other relevant factors. This position may also be eligible for bonus. We understand that compensation is an important factor when considering a new opportunity, and we strive to provide a competitive salary within the market.

Brand: Trustmark

In addition to compensation, we offer a comprehensive benefits package that includes: Health/dental/vision, life insurance, FSA and HSA, 401(k) plan, Employee Assistant Program, Back-up Care for Children, Adults and Elders and many health and wellness initiatives. We also offer a Wellness program tha