Investment Accounting Analyst II
Birmingham, AL
$78k - $90k/year
Full-time
Hybrid
1 month ago
About the role
The work we do has an impact on millions of lives, and you can be a part of it.
We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.
Protective Insurance Company is seeking an Accounting Analyst II to join our Investment Accounting team. This role supports accounting and reporting activities for Protective’s approximately $80 billion investment portfolio and plays a key role in ensuring the accuracy, integrity, and compliance of investment accounting data.
The Accounting Analyst II partners closely with teams across Accounting, Investment Management, Investment Operations, Asset/Liability Management, and external data providers. This position is well‑suited for a detail‑oriented accounting professional with experience in investment accounting, financial instruments, and financial reporting who is eager to deepen their technical expertise and grow as a subject‑matter expert.
Key Responsibilities:
Core Competencies
Required Qualifications
Preferred Qualifications
Employee Benefits:
We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g. , paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.
Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.
Accommodations for Applicants with a Disability :
If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.
We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
Protective’s targeted compensation for this position is $78,000 - $90,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees. This position also offers additional incentive opportunities through an annual incentive based on individual and Company performance.
We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.
Protective Insurance Company is seeking an Accounting Analyst II to join our Investment Accounting team. This role supports accounting and reporting activities for Protective’s approximately $80 billion investment portfolio and plays a key role in ensuring the accuracy, integrity, and compliance of investment accounting data.
The Accounting Analyst II partners closely with teams across Accounting, Investment Management, Investment Operations, Asset/Liability Management, and external data providers. This position is well‑suited for a detail‑oriented accounting professional with experience in investment accounting, financial instruments, and financial reporting who is eager to deepen their technical expertise and grow as a subject‑matter expert.
Key Responsibilities:
- Perform assigned investment accounting functions, ensuring accuracy and compliance with applicable accounting standards
- Ensure data integrity for inputs into Protective’s investment accounting system (PAM - Protective Accounting Manager)
- Execute month‑end close activities, including data validation, variance analysis, and subledger balancing
- Perform quarterly investment reporting for Generally Accepted Accounting Principles (GAAP), Statutory, internal management reporting, and reporting to Protective’s parent company, Dai‑ichi Life Group
- Support GAAP and regulatory financial reporting processes
- Collaborate with Accounting Policy to implement new accounting standards and maintain regulatory compliance
- Assist with onboarding newly acquired assets and ensuring accurate system integration
- Apply analytical and problem‑solving skills to investigate and resolve data and reconciliation issues
- Support system testing, special projects, process improvements, and automation initiatives
- Create and maintain process documentation and work instructions
- Participate in cross‑functional projects and provide ad hoc analysis and reporting
- Cross‑train on team responsibilities to support business continuity and workload balancing
Core Competencies
- Experience with investment accounting or financial instruments, including fixed income, derivatives, and structured products
- Understanding of investment accounting processes and securities accounting concepts
- Knowledge of Generally Accepted Accounting Principles (GAAP) and Statutory accounting, with insurance industry exposure preferred
- Experience supporting GAAP and regulatory financial reporting processes
- Familiarity with investment accounting systems such as Protective Accounting Manager (PAM) or similar platforms
- Advanced Microsoft Excel skills, including pivot tables, lookups, and data analysis
- Experience working with large, complex data sets and performing reconciliations
- Strong analytical and problem‑solving skills with a high level of accuracy and attention to detail
- Ability to manage multiple priorities in a deadline‑driven environment
- Ability to work independently while collaborating effectively as part of a team
- Strong organizational, time‑management, and communication skills
- Ability to take ownership of work and follow complex projects through to completion
Required Qualifications
- Bachelors or Master's of Science in Accounting from an accredited university.
- 3+ years of accounting experience.
- Proficiency in Microsoft Excel and Microsoft Office Suite.
- Technically proficient with accounting systems and an understanding of system and process flows.
- Ability to work effectively with cross‑functional teams inside and outside the organization.
Preferred Qualifications
- Previous experience with investments or investment accounting
- Exposure to insurance industry accounting, including Statutory reporting
- Experience with PAM or a similar investment accounting system
- Certified Public Accountant (CPA) designation or progress toward CPA
- Experience supporting system implementations, process improvements, or automation initiatives
- Demonstrated intellectual curiosity and commitment to continuous learning
Employee Benefits:
We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g. , paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.
Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.
Accommodations for Applicants with a Disability :
If you require an accommodation to complete the application and recruitment process due to a disability, please email [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.
We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
Protective’s targeted compensation for this position is $78,000 - $90,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees. This position also offers additional incentive opportunities through an annual incentive based on individual and Company performance.
Skills
Insurance