What Does An Investment Accountant Do?

WHAT DOES AN INVESTMENT ACCOUNTANT DO?

Published: Nov 10, 2025 - The Investment Accountant prepares daily investment and borrowing positions, reconciles cash and trade settlements across multiple portfolios, and ensures all transactions are accurately recorded and reported to the portfolio manager and Corporate Treasury. This role involves performing month-end close activities, preparing journal entries and reconciliations, analyzing investment income, and maintaining organized financial and legal records. The Accountant also supports audits, coordinates with internal and external stakeholders, manages wire transfers and disbursements, and assists with tax and compliance reporting.

A Review of Professional Skills and Functions for Investment Accountant

1. Investment Accountant Job Description

Financial Reporting: Review the monthly closing package to support the calculation of the Funds’ NAVs, coordinating with external fund administrators.
Financial Analysis: Provide financial information and reporting to internal management, external counterparties, and investors.
Investor Relations: Coordinate investor transactions, including subscriptions, redemptions, distributions, and subsequent commitment closes.
Quality Control: Review the month-end investor statements and other related deliverables.
Documentation Review: Understand and contribute to discussions regarding the governing documents of the Funds, including PPMs, LLC agreements, and subscription documents.
Audit Management: Manage the external audit process and coordinate the preparation of financial statements.
Process Improvement: Work on projects aimed at improving overall processes and accounting procedures.
Cross-Functional Collaboration: Collaborate with senior management, corporate accounting, internal operations, analysts, and the legal department.

2. Investment Accountant Functions

Investment Oversight: Maintain and review client investment activity.
Income Management: Monitor, control, and record investment income.
Reconciliation: Reconcile invested assets and cash activity with custodian banks.
Financial Reporting: Prepare and analyze client reporting, including holdings, earned income, transactions, journal entries, and statutory reporting.
System Monitoring: Monitor and reconcile internal systems.
Technical Support: Provide technical support and advice on accounting records, policies, and procedures.
Process Improvement: Identify improvements or enhancements to the accounting and systems workflow.
Client Onboarding: Assist in the accounting conversion of new clients.
Client Relations: Establish and maintain quality client communications and relationships.
Client Support: Respond to ad-hoc requests from both external clients and internal professionals.

3. Investment Accountant Accountabilities

Financial Reporting: Prepare comprehensive financial statements, including income statements, balance sheets, cash flow statements, investment reports, and quarterly or annual reports.
Bank Reconciliation: Conduct monthly bank reconciliations to ensure the accuracy of recorded financial transactions.
Financial Analysis: Research and communicate financial analyses and results to division leaders and executive management.
Budget Analysis: Perform moderately complex financial analyses involving budgets, expenses, payment vouchers, and mortgage payments.
Data Management: Compile and review financial data for rating agencies and maintain accurate cash flow records.
Budget Preparation: Assist in the preparation and monitoring of annual budgets to align with strategic objectives.
Audit Support: Support annual audit processes by providing detailed documentation and reconciliations.
Asset Management: Track and manage fixed assets, coordinating with the Purchasing department to verify asset data.
Automation Development: Develop automated reporting and analytical processes to enhance data accessibility and efficiency.
Project Execution: Complete additional financial and accounting projects to meet management’s evolving data requirements.

4. Investment Accountant Job Summary

Accounting Operations: Perform daily accounting activities, maintain the general ledger, review the daily trial balance, and ensure effective financial controls are in place.
Financial Reporting: Prepare monthly reports for the Group Head Office.
Stakeholder Communication: Liaise with the Group Head Office on financial matters and reporting requirements.
Performance Review: Review the month-end results and provide meaningful commentary for the Japan Office.
Variance Analysis: Collaborate with the Management Reporting team to explain any variances.
Regulatory Reporting: Prepare monthly reports for submission to the FSA.
Policy Maintenance: Support the maintenance of financial reports, policies, procedures, and accounting systems.
Audit Support: Assist with internal audits, external audits, and tax preparation processes.
Tax Compliance: Liaise with the Group Tax department to ensure compliance and coordination on tax-related matters.

5. Investment Accountant Responsibilities

Investment Evaluation: Critically evaluate and appraise potential investment opportunities to ensure alignment with strategic and financial objectives.
Portfolio Management: Manage a diversified portfolio of investments, monitoring performance and making informed decisions to maximize returns.
Business Support: Provide practical and strategic business support to client companies, helping them strengthen operations and achieve growth.
Committee Administration: Serve as secretary to the Investment Committee, preparing documentation, recording minutes, and coordinating follow-up actions.
Marketing Support: Support marketing initiatives to promote investment products and related services effectively.
Leadership Support: Act as deputy for the Investment Manager, ensuring continuity of decision-making and operational efficiency.
Stakeholder Collaboration: Collaborate with key stakeholders to maintain strong relationships and uphold the firm’s investment standards.
Strategy Development: Contribute to the ongoing assessment and enhancement of portfolio strategies to meet performance targets.

6. Investment Accountant Details

Portfolio Administration: Perform administration and accounting functions for an investment portfolio.
Transaction Management: Capture asset transactions accurately and completely.
Payment Processing: Process investment-related payments and disinvestment instructions.
Data Maintenance: Update asset classifications on the investment platform.
Compliance Support: Provide FICA documentation to relevant parties.
Reconciliation: Reconcile the unitization system to asset manager statements and the general ledger.
Accounting Knowledge: Understand IFRS and related accounting principles.
Audit Coordination: Liaise effectively with auditors.
Reporting: Obtain monthly and quarterly investment statements.

7. Senior Investment Accountant Duties

Investment Accounting: Perform specialized investment accounting, financial reporting, and analysis.
Program Management: Manage designated investment and financial reporting programs and related schedules.
Process Oversight: Oversee and coordinate monthly, quarterly, and annual investment accounting processes that impact financial statements.
Data Integrity: Ensure data integrity across all investment and accounting systems.
Account Reconciliation: Oversee the compilation and reconciliation of specific accounts and review accounting treatment for accuracy and compliance.
Regulatory Compliance: Research, interpret, and implement applicable accounting guidance, pronouncements, and SEC or other regulatory requirements.
Relationship Management: Develop and maintain relationships with external service providers, custodians, and investment managers.
Audit Support: Respond to internal and external audit requests in a timely and accurate manner.
Technical Expertise: Serve as a subject matter expert by answering questions, facilitating meetings, and providing technical guidance.
Team Development: Coach, mentor, and train less experienced staff to enhance team capabilities.
Process Improvement: Recommend and implement process improvements to strengthen efficiency and accuracy.
Project Leadership: Lead special projects and assist with department workflow coordination.
Bank Reconciliation: Review bank transactions related to company assets.

8. Investment Accountant Overview

General Ledger Management: Maintain the general ledger and ensure that all accounting records are accurate, current, and well-organized.
Earnings Allocation: Calculate and record partnership earnings allocations, keeping detailed and precise investor allocation schedules.
Valuation Reporting: Prepare and review monthly NAV valuation packages to confirm accuracy and compliance with valuation standards.
Audit Support: Support the annual audit process by providing required documentation and assisting in the preparation of tax-related information.
Financial Analysis: Supply the Investing team with timely financial data to aid in portfolio construction and management decisions.
Systems Collaboration: Collaborate with the Engineering team on FinOps projects focused on data ingestion, automation, and process optimization.
Process Improvement: Identify opportunities to improve accounting efficiency and strengthen internal controls.
Regulatory Compliance: Ensure all financial and operational activities align with regulatory standards and company policies.

9. Investment Accountant Details and Accountabilities

General Ledger Management: Prepare and input general ledger entries accurately and on time.
Financial Reporting: Assist in the preparation of standardized financial reports.
Account Reconciliation: Retrieve data from multiple sources to perform general ledger account reconciliations.
Documentation Maintenance: Review and update job documentation to ensure accuracy and completeness.
Data Analysis: Analyze and distribute requested financial data to relevant stakeholders.
NAV Calculation: Calculate the daily Net Asset Value (NAV) for assigned funds.
Market Monitoring: Review market quotes to ensure acceptable fluctuations.
Variance Resolution: Research and resolve market valuation and fee variances.
Financial Preparation: Prepare financial statements, month-end closings, fund analyses, and monthly accruals.
Audit Support: Assist with monthly management reporting, audit requests, and other asset reporting requirements.
Process Improvement: Collaborate with management to identify and implement opportunities to improve accounting processes.
Client Relations: Develop strong business relationships with internal and external clients.
Project Support: Provide support for special projects.

10. Investment Accountant Tasks

Financial Reporting: Prepare accurate and timely financial statements in accordance with accounting standards and company policies.
Variance Analysis: Perform detailed variance analysis to explain differences between actual and budgeted results.
Journal Entry Management: Record and review journal entries to ensure all transactions are properly documented and compliant.
Bank Reconciliation: Conduct regular bank reconciliations to verify cash balances and identify discrepancies.
Cash Flow Management: Oversee accounts payable and receivable processes to maintain accurate and efficient cash flow management.
General Ledger Reconciliation: Reconcile general ledger accounts to confirm the accuracy and completeness of financial data.
Intercompany Accounting: Prepare intercompany reconciliations to ensure proper elimination of balances across entities.
Expense Management: Manage accruals and amortization schedules to align expenses and revenues within the correct periods.
Cash Flow Analysis: Perform cash flow analysis to assess liquidity and support financial planning decisions.

11. Investment Accountant Roles

Month-End Closing: Monitor and perform month-end closing activities, including journal entries, accruals, and business reports, while ensuring adherence to company policies and deadlines.
Analytical Support: Provide timely ad hoc information and analytical support to departments such as business finance and tax.
Audit Coordination: Collaborate with external auditors to facilitate the annual audit process and ensure accurate documentation.
Reporting Development: Develop tools and reporting systems to consolidate and present investment portfolio performance by business segment.
Technical Accounting: Research and assess technical accounting treatments for new investment strategies in partnership with business leaders.
Process Improvement: Identify and share best practices, seeking opportunities to enhance efficiency and effectiveness across financial operations.
Operational Excellence: Challenge existing processes constructively and propose data-driven, practical improvements.
Team Leadership: Promote the company’s values and foster a culture of accountability, collaboration, and continuous improvement within the team.

12. Investment Accountant Additional Details

Process Improvement: Drive process improvement and data development initiatives that align with the organization’s strategic business priorities.
Fund Administration: Oversee fund administration for investment products, ensuring the accuracy of daily net asset values and reliable downstream financial reporting.
Operational Support: Support teams engaged in fund administration activities, including financial reporting, taxation, and audits, to maintain operational efficiency.
Cost Analysis: Prepare detailed analyses and provide informed recommendations on tactical and strategic cost allocation approaches for product-related initiatives.
Cross-Functional Collaboration: Collaborate across teams and business units to gather insights, resolve issues, and enhance both processes and reporting frameworks.
Relationship Management: Foster strong working relationships that encourage information sharing and effective problem-solving across departments.
Project Management: Manage shifting priorities and balance competing initiatives while maintaining high standards of accuracy and timeliness.
Policy Compliance: Ensure all policy and procedure documentation remains current, compliant, and aligned with established accounting policies.
Continuous Improvement: Promote a culture of accountability and continuous improvement throughout financial operations.

13. Investment Accountant Essential Functions

Accounting Operations: Manage and perform daily accounting processes to ensure accurate and efficient financial operations.
Financial Validation: Validate period-end closing outputs to confirm the completeness and correctness of financial data.
Exception Management: Identify and resolve accounting exceptions promptly to maintain data integrity.
Client Support: Serve as the primary accounting contact for assigned clients, addressing inquiries and providing ongoing support.
Training and Development: Provide inter-team training to strengthen knowledge sharing and consistency in accounting practices.
Workflow Optimization: Collaborate with change and operational teams to enhance workflows and ensure overall operational efficiency.
Client Onboarding: Assist with the onboarding and implementation of new clients, ensuring a smooth transition and accurate setup of accounting systems.
Client Relations: Host and participate in regular client status meetings to review performance, address issues, and strengthen relationships.

14. Investment Accountant Role Purpose

Transaction Verification: Follow up and check supporting documents of all daily investment-related transactions before inputting data to the accounting system.
Unit Pricing: Perform ILP unit pricing.
Accounting Compliance: Complete all booking entries related to investments in accordance with VAS and IFRS requirements.
Fund Management: Arrange funds for investment and operational needs.
Expense Reconciliation: Calculate, reconcile, and confirm investment expenses with third parties.
Income Recording: Ensure investment income and expenses are calculated and recorded accurately and on time in the SUN/accounting system.
Reporting: Prepare investment reports and ensure their quality, accuracy, and timeliness.
Regulatory Compliance: Monitor and ensure investment activities comply with regulatory and internal company requirements.

15. Investment Accountant General Responsibilities

Impairment Assessment: Work with Asset Managers to determine and record Other Than Temporary Impairments on Fixed Maturities and Equities.
Management Reporting: Develop and deliver internal reports to senior management.
Regulatory Reporting: Complete or review Statutory quarterly and annual regulatory reporting for fixed maturity and equity investments.
Financial Disclosure: Complete or review GAAP and Stat audited notes and disclosures for fixed income and equity securities.
Policy Compliance: Work with the Accounting Policy team to ensure new pronouncements are properly documented.
Pricing Oversight: Manage and review the pricing function to ensure all fixed income and equity securities are appropriately priced.
Vendor Coordination: Work with NYL Investors, Securities Operations, and pricing vendors to understand and document pricing methodologies.
Audit Collaboration: Interact with Internal Audit and PWC to ensure compliance with investment accounting policies.
Trial Balance Reconciliation: Review and reconcile GAAP and Stat monthly trial balances.
SOX Compliance: Ensure SOX compliance, including developing and testing controls and procedures.
System Management: Coordinate and review the impact of system upgrades (SAP/CAMRA).
Policy Implementation: Implement and maintain Investment Accounting Policy in accordance with GAAP and Statutory standards and regulations.
Pronouncement Evaluation: Participate in decisions and communication regarding new accounting pronouncements and assess implementation impact on both General Ledger and Investment Accounting Systems.

16. Senior Investment Accountant Key Accountabilities

Investment Setup: Coordinate the setup of new investments, including establishing bank accounts, entities, and sub-ledgers for specific tracking.
Data Management: Maintain coding lists for internal users and provide support for inquiries related to pursuit accounting.
Transaction Support: Assist with acquisitions, dispositions, and loan closings, including reviewing purchase and sale agreements, loan documents, organizational documents, and settlement statements.
Funds Processing: Prepare and record wire transfers related to closings, including capital contributions and distributions.
Capital Management: Prepare and review capital calls, capital distributions, and waterfall schedules.
Cash Accounting: Record all entries to book the investment entity’s cash contributions and distributions.
Financial Review: Coordinate the delivery of periodic project financial statements from joint venture members, reviewing them for completeness, accuracy, and alignment with the approved budget, and follow up.
Equity Accounting: Record all entries to book the investment entity’s equity pick-up.
Expense Allocation: Ensure correct coding for shared company allocations across the investment portfolio and coordinate reimbursements from projects.
Income Recording: Record all income, maintain detailed schedules, and prepare monthly accruals and elimination entries.
Asset Management: Maintain fixed asset records, including additions, disposals, and monthly depreciation.
Budget Analysis: Assist with budget input and variance analysis.
Project Support: Support ad hoc projects and perform other duties.

17. Investment Accountant Roles and Details

Investment Accounting: Gather investment information, post journal entries, and reconcile data relating to the corporation's investment portfolios under the supervision and tutelage of the Manager, Investments Accounting.
Data Coordination: Coordinate with third parties and maintain an up-to-date database of the corporation's investment data.
Reconciliation: Produce reconciliations for investment data across multiple informational platforms.
Journal Entry Management: Post all investment-related journal entries into the general ledger and ensure timely and accurate reconciliation.
IFRS Compliance: Assist in reconciling investment data from an IFRS basis to a statutory basis.
Internal Controls: Adhere to all internal accounting processes and maintain internal controls to ensure the accuracy and quality of financial information contained in the financial statements.
Data Management: Fulfill data requests.
Stakeholder Collaboration: Work closely with investment managers and other third parties.
Multitasking: Handle multiple tasks simultaneously.
Communication: Adhere to strict timelines and communicate clearly and concisely with colleagues and third parties.

18. Senior Investment Accountant Responsibilities and Key Tasks

Regulatory Reporting: Prepare the securities and derivatives sections of quarterly and annual filings submitted to state insurance regulators and for the statutory audited financial statements.
Financial Close: Complete the monthly close process for both the securities and over-the-counter systems, recording assets, income, and realized or unrealized gains and losses in compliance with statutory and U.S. GAAP standards.
Reconciliation: Perform monthly reconciliations of investment accounting systems to verify accuracy, consistency, and completeness of financial data.
Cross-Department Collaboration: Collaborate with investment operations, asset management, the legal department, and portfolio managers to confirm the accuracy and integrity of all transactions.
Financial Reporting: Generate periodic investment and financial reports as required by management or regulatory authorities.
System Enhancement: Assist in system upgrade initiatives by assessing new features and determining their effects on investment accounting processes.
Process Improvement: Identify opportunities to streamline reporting workflows and improve the efficiency of financial processing functions.
Compliance Management: Ensure documentation and reporting meet all compliance and audit standards.
Analytical Support: Provide analytical insights to support decision-making and strengthen financial controls.

19. Investment Accountant Duties and Roles

Transaction Control: Control the booking of finance transactions and ensure the correctness of accounting schemes.
Investment Closing: Perform monthly and quarterly investment closings within the financial system.
IFRS Compliance: Ensure investment accounting compliance with IFRS standards and Group accounting policy.
Accounting Support: Provide investment accounting support for hubs and local entities, including controls, analysis, and coordination with Back Office and Middle Office teams.
Financial Collaboration: Support Finance and Investments departments, including FP&A, SIP, SAP, Consolidation, and Solvency reporting.
Reconciliation: Perform reconciliations for mutual fund transactions, including liabilities versus subscriptions or repurchases, management fees, specific transactions, internal operations, and cash reconciliations.
IFRS Reporting: Assist the individual responsible for preparing mutual funds' IFRS packages.
Yield Control: Perform controls on investment yields, including amortization and accrued interest, and recommend necessary changes to static data and transactions for the Back Office team.
System Controls: Run and analyze second-level controls on system data entered by Middle Office or Data Management teams that impact accounting and inventory bookings.
Accounting Consistency: Ensure accounting consistency through ad hoc controls in financial platforms before and after accounting runs.
Agreement Validation: Upgrade and validate agreements and payment bookings for day-to-day transactions.
Process Alignment: Ensure consistency between Middle Office processes and Accounting processes.
Audit Implementation: Implement changes and proposals from the audit committee and update controls accordingly.
Accounting Development: Anticipate booking issues for new types of transactions and define accounting schemes for new products, developing corresponding accounting controls.
System Development: Participate in projects aimed at developing a new investment accounting platform with IFRS implementation and enhanced accounting controls.
Project Contribution: Contribute to projects under the responsibility of Finance and Investments, including restructuring, portfolio mergers, functional currency changes, and acquisitions.

20. Investment Accountant Roles and Responsibilities

Capital Reconciliation: Perform monthly reconciliations of subscriber capital balances, including principal, grants, and income, and reconcile transactions to general ledger accounts across all RESP Plans.
Journal Entry Management: Prepare monthly journal entries and reconciliations to ensure accuracy and completeness.
Transfer Reconciliation: Ensure customer inter-plan transfers are reconciled to the general ledger accounts.
Cross-Functional Collaboration: Collaborate with Customer Experience and IT teams to resolve reconciling items promptly and efficiently.
Payment Tracking: Track and reconcile manual payments to maintain accuracy and provide proper information to support the creation of annual tax slips.
Data Support: Prepare schedules and support other business requests for information from the customer record-keeping system.
Financial Reporting: Assist in preparing annual and semi-annual financial statements for all RESP Plans in accordance with IFRS.
Audit Support: Provide information, walkthroughs, and explanations to external audit staff.
Process Improvement: Work with the Manager and other team members to implement controls, process improvements, and perform assigned projects.

21. Investment Accountant Job Description

Banking Operations: Manage daily banking activities and reconciliations.
NAV Oversight: Review third-party administrator daily NAV calculations and record-keeping, complete daily exception report monitoring, and oversee fund settlements.
Journal Entry Management: Prepare and review journal entries related to cash movements.
Fee Processing: Prepare and complete monthly management fee transfers.
Fund Activity Review: Review daily fund activity and NAV pricing reports.
Reconciliation: Prepare monthly journal entries and reconciliations, ensuring that non-reconciling items are identified and cleared on time.
Financial Reporting: Assist the Manager, Investment Finance, in preparing monthly financial statements and semi-annual statutory financial statements, including MFRP.
Audit Support: Assist with external audit requests by providing required analyses, schedules, and documentation.
Financial Analysis: Prepare financial analyses, schedules, and reports.
Process Improvement: Identify and collaborate with team members and other departments to improve finance processes, including documenting procedures and implementing best practices.

22. Investment Accountant Functions

Trade Recordkeeping: Maintain detailed and accurate records for all trading activity across all brokerages and entities in the portfolio.
Profit and Loss Calculation: Calculate all investment and trading profits and losses.
Investment Recording: Record and update the company records with all investments made.
Balance Tracking: Track daily conversions to ensure investment balances remain current.
Inventory Reconciliation: Reconcile all stock inventory positions monthly.
Journal Entry Management: Accurately record journal entries for all transactions for all legal entities in QuickBooks.
FX Analysis: Calculate any foreign exchange gains and losses.
Intercompany Reconciliation: Record and reconcile all intercompany loan balances.
Management Reporting: Prepare the Weekly Management Report package.
Valuation Reporting: Prepare regular mark-to-market gain and loss reports for all legal entities.

23. Investment Accountant Accountabilities

Tax Support: Assist in preparing supporting schedules for both domestic and international tax return filings.
Provision Accounting: Record journal entries and prepare documentation for loan loss provisions.
Tax Reporting: Assist in the preparation of 1099s, 1042s, and other required tax forms.
Cash Management: Prepare the daily cash position report.
Bank Reconciliation: Perform monthly bank account reconciliations for all company cash and brokerage accounts.
Transaction Processing: Process and monitor all bank and brokerage transactions to ensure proper cash settlements and investment funding.
Cash Flow Analysis: Conduct cash flow analyses to support financial decision-making.
Wire Administration: Administer and verify bank wire instructions.
Record Maintenance: Maintain and update all banking instructions and records.
Compliance Support: Assist in preparing compliance documents for new account openings.

24. Investment Accountant Job Summary

Position Management: Prepare daily investment and borrowing positions for multiple portfolios, ensuring accurate and timely presentation to the portfolio manager and Corporate Treasury throughout the day.
Cash Calculation: Calculate cash positions, including beginning cash balances, maturities, coupon payments, cash transfers, corporate actions, sales, purchases, and other miscellaneous items.
Stakeholder Communication: Communicate with various groups throughout the day and provide updates to key stakeholders regarding changes to cash transfers resulting from client fund activities.
Cash Reconciliation: Reconcile cash daily for all portfolios, ensuring that cash coupons and trade settlements are processed promptly and align with accounting system records.
Trade Settlement: Ensure trades entered into the investment system are transmitted to the custodian bank system and monitor the settlement process throughout the day.
Discrepancy Resolution: Investigate and resolve trade discrepancies by communicating effectively with brokers and custodian banks.
Wire Processing: Initiate wire transfers using bank online portals.
Payment Authorization: Approve and release both repetitive and free-form wire transfer payments.
Accounts Payable: Input invoices into the accounts payable system daily and compile a weekly list of checks to be paid.
Liquidity Management: Monitor expense trends and ensure sufficient liquidity to fund disbursements.

25. Investment Accountant Responsibilities

Month-End Closing: Perform month-end close processes, including preparation of journal entries and investment rollforwards.
Reconciliation: Prepare monthly custody reconciliations and investigate any discrepancies identified.
Documentation Management: Maintain organized files of board minutes and other broker or legal documentation.
Account Coordination: Coordinate investment account opening applications with legal teams and investment counterparties.
Task Management: Handle additional responsibilities and complex tasks.
Cash Flow Collaboration: Collaborate with various local and corporate teams to obtain accurate cash flow figures.
Portfolio Support: Provide continuous support to the portfolio manager.
Variance Analysis: Deliver detailed variance explanations and resolve all income and trade-related discrepancies daily.
Financial Analysis: Assist with month-end close duties, including interest income analysis, verifying book yields, and calculating average book values, as well as processing management fee invoices.
Team Support: Serve as a backup for other associates during absences.
Tax Preparation: Assist in preparing the annual tax package.
Audit Support: Provide information and support to internal and external auditors.

26. Tax & Investment Accountant Details

Tax Reporting: Prepare tax reporting function for investment entities of the organization.
Workflow Coordination: Coordinate the workflow and required documents for tax return preparation.
Tax Adjustment Review: Review General Accounting investment transactions to account for any tax adjustments.
System Entry: Input tax-related transactions into Allvue or other investment partnership accounting software, including a significant volume of external K-1s.
Workpaper Preparation: Prepare federal and state tax workpapers for investment entities.
Record Maintenance: Maintain tax books and records, including tax basis of investments and investors.
Tax Return Preparation: Prepare federal and state tax returns.
Foreign Reporting: Track, review, and prepare foreign informational reporting from external investments.
Compliance Assurance: Ensure accurate tax returns that minimize tax obligations and risks for the organization.
Process Improvement: Identify areas of potential improvement within the tax compliance process.
Tax Projection: Prepare tax projections.
Filing Management: File quarterly income tax estimates, extensions, and tax returns for federal, state, and international filing requirements on time.

27. Tax & Investment Accountant Duties

Tax Compliance: Maintain a tax compliance calendar system.
Regulatory Awareness: Keep abreast of current developments in the tax area.
Professional Development: Engage in continuous learning to increase tax and accounting technical expertise.
Tax Support: Assist with other tax or accounting tasks to support the tax and finance function for the organization.
Investment Accounting: Maintain investment partnership books and records for multiple entities, including recording and reviewing investment activity, capital calls, and reconciling bank accounts.
Investment Reporting: Assist with investment reporting, including reconciling and reporting the company’s investment portfolio, daily, weekly, and monthly performance activity.
Report Development: Develop reports utilizing the report builder and other reporting software to enhance investment and tax reporting.
Process Improvement: Actively participate in workflow improvements both internally and with vendors.
Automation: Automate, document, and find best practices for existing processes.
Corporate Actions: Act on corporate actions and understand their implications at various levels of reporting.
Project Support: Complete special projects and assignments as business dictates.
Data Compliance: Maintain, create, and control all personally identifiable information or other protected information under Confidentiality or Privacy Standards or Company Policies, including compliance with state and federal regulations such as HIPAA.

28. Investment Accountant Overview

Investment Accounting: Perform GAAP and Statutory investment accounting functions for the investment portfolio.
Financial Controls: Ensure that financial controls and investment accounting policies and procedures are maintained and enhanced.
Transaction Processing: Ensure accurate and timely processing and accounting of investment transactions, including monitoring movement of securities, corporate actions, pricing analysis, accruals, coupons, amortization and accretion, mark-to-market adjustments, MBS factors, MBS paydowns, and accretions.
Reconciliation: Post and reconcile investment portfolio activity each month.
Financial Reporting: Prepare standard and customized monthly investment reports for management and financial statement purposes.
Systems Coordination: Coordinate with analytics and financial systems providers on various monthly and quarterly deliverables.
Data Integrity: Maintain customized financial reporting features, ensuring data integrity, reconciliation, and reporting accuracy.
Process Enhancement: Implement changes and enhancements to the financial reporting process.
Impairment Analysis: Assist with the computation and processing of other-than-temporary impairments and document key inputs, conclusions, and controls.
Compliance Review: Conduct thorough reviews of monthly transactions for compliance with investment guidelines.
Performance Calculation: Calculate consolidated portfolio returns and yields quarterly.

29. Investment Accountant Details and Accountabilities

Board Reporting: Prepare the Board of Directors Investment Package and Investment Committee Package, including portfolio analysis, unrealized gains analysis, cash flow analysis, investment income analysis (YTD and QTD), yield analysis, bond maturity analysis, and minimum capital investment requirement analysis in compliance with insurance laws.
Loss Analysis: Research and provide commentary for top unrealized loss issuers on the watch list.
Committee Support: Present the watch list and take minutes during Investment Committee meetings.
Financial Analysis: Research and report reasons for investment-related balance sheet and income statement fluctuations.
Meeting Coordination: Coordinate scheduling for Investment Committee meetings.
Regulatory Filings: Complete investment-related statutory filings, including financial notes, interrogatories, and supplemental investment risk reports.
Financial Reporting: Complete investment-related components of quarterly US GAAP financials and annual audited combined financial statements for both statutory and GAAP bases.
Rating Support: Prepare investment portions of the supplemental rating questionnaire, including fixed income and common stock portfolio analysis, interest rate sensitivity, largest issuer exposures, and collateralized balance sheet items.
Standards Compliance: Report investment-related components under international and domestic accounting standards.
Impairment Testing: Conduct asset impairment tests and analysis on bonds and equities under statutory, GAAP, and IFRS bases.
Documentation Management: Obtain copies of certificates and compliance documents for the year-end.

30. Investment Accountant Tasks

Accounting Knowledge: Maintain knowledge of GAAP and statutory accounting principles related to Schedule D and investments.
Portfolio Analysis: Analyze and monitor the consolidated investment portfolio.
Cash Management: Monitor cash levels (investment-related and operational) and recommend purchases when balances exceed investment guideline thresholds.
Regulatory Compliance: Stay current with insurance laws related to investments and ensure compliance with state deposit requirements.
Market Monitoring: Monitor equity and fixed income markets using financial tools.
Manager Oversight: Oversee external portfolio managers for compliance with investment guidelines and coordinate quarterly performance review meetings.
Relationship Management: Maintain professional relationships with outside portfolio managers and brokers to identify investment opportunities.
Governance Support: Update Investment Committee charters.
Account Administration: Collaborate with the legal department to finalize paperwork for new investment or custodian accounts.
Report Development: Develop custom reports with financial systems to meet statutory and GAAP reporting requirements.
Tax Collaboration: Work with the tax department to provide investment data from financial systems or market sources.
International Coordination: Collaborate with international investment representatives by supplying investment-related information for committee and board meetings.
Audit Support: Support internal and external auditors by providing all requested documents related to the investment portfolio.

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