Principal Investment Accountant

Principal Investment Accountant Continental General

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3 Austin, TX Job Details Full-time 20 hours ago Benefits Health savings account Paid holidays Disability insurance Health insurance Dental insurance Paid time off Career development plan Vision insurance 401(k) matching Volunteer time off Life insurance Qualifications Accounting experience within insurance industry Research Bachelor's degree Full Job Description Principal Investment Accountant (Full Time, Salary, Exempt) Looking to join a growing company dedicated to helping others? We offer that, plus competitive salaries, a culture of learning, and a fast-paced environment. This is a hybrid position with 3 days in-office. Join our team to help make a difference in the lives of others!

About Continental General:

The Continental General family of companies has provided insurance, including life and long-term care policies, to individuals and groups for over 30 years, and currently supports over 200,000 policyholders. Both our insurance company, Continental General Insurance Company, and our third-party administrator, Continental General Services, are committed to the continuous development of our infrastructure, processes, and people. The group is actively growing through expansion of both its insurance portfolio and its administrative services. With each opportunity, we take a collaborative approach to address challenges and provide unique solutions.

Position Summary:

Continental General Insurance Company is seeking a highly experienced Principal Investment Accountant to serve as a technical leader within the Investment Accounting function. This role will provide strategic oversight of investment accounting and reporting for a complex insurance investment portfolio, including fixed income securities, structured products, equities, mortgage loans, derivatives, private equity, hedge funds, and other alternative investments. As the organization's subject matter expert for insurance investment accounting, the Principal Investment Accountant will lead the interpretation and application of Statutory Accounting Principles (SAP), NAIC guidance, and insurance regulatory requirements while ensuring accurate financial reporting, strong internal controls, and operational scalability. This position will partner closely with executive leadership, Investment Operations, Treasury, Actuarial, Financial Reporting, Risk Management, and external stakeholders to support investment strategy, regulatory compliance, and enterprise growth.

Key Responsibilities:

Provide guidance or assistance on complex transactions, new investment structures, and emerging regulatory requirements. Lead accounting, analysis, and reporting for a diversified investment portfolio, ensuring accuracy across SAP, GAAP, and management reporting frameworks as applicable. Assist in preparation or review of investment-related statutory reporting, including NAIC investment schedules, AVR/IMR reporting, RBC, investment footnotes, interrogatories, and related disclosures. Interpret and implement new NAIC statutory guidance, SSAP updates, and state regulatory requirements, proactively assessing organizational impacts and recommending appropriate accounting treatment. Partner with investment management, treasury, and executive leadership to evaluate accounting implications of investment strategies, portfolio transactions, and capital management initiatives. Perform month-end, quarter-end, and year-end close activities related to investments, including investment income recognition, fair value measurements, impairments, OTTI analyses, unrealized gains and losses, and complex reconciliations. Prepare investment analysis and materials for monthly and quarterly management meetings. Design, enhance, and monitor internal controls supporting investment accounting, financial reporting, and regulatory compliance. Drive automation, system optimization, and process transformation initiatives to improve efficiency, scalability, and reporting accuracy. Serve as a key liaison for external auditors, regulators, and examination teams, coordinating responses to technical accounting inquiries and regulatory reviews. Support enterprise-wide strategic initiatives, including acquisitions, portfolio restructurings, new investment programs, and system implementations. Mentor and develop accounting staff while providing thought leadership across the broader finance organization.

Qualifications:

Bachelor's degree in Accounting, Finance, or related field required; Master's degree preferred. CPA strongly preferred. 7+ years of progressive investment accounting experience within the insurance industry, with demonstrated expertise in statutory accounting and regulatory reporting. Deep knowledge of NAIC Statutory Accounting Principles (SAP), SSAPs, insurance investment schedules, and regulatory filing requirements. Extensive experience accounting for complex investment instruments, including structured securities, mortgage loans, derivatives, and alternative investments. Proven ability to research, interpret, and apply complex accounting guidance and regulatory standards. Experience leading audits, regulatory examinations, and enterprise-level accounting initiatives. Advanced proficiency in investment accounting platforms such as Clearwater, PAM, Eagle, Geneva, or similar systems. Expert-level Excel and data analytics capabilities, including large dataset analysis and process automation. Demonstrated success leading cross-functional projects, influencing senior stakeholders, and driving operational improvements. Exceptional analytical, communication, leadership, and executive presentation skills.

Preferred Leadership Competencies:

Strategic thinker with strong business acumen and risk awareness. Recognized technical expert capable of influencing accounting policy and organizational decision-making. Ability to lead through complexity and ambiguity while maintaining a high standard of accuracy and compliance. Proven track record of building scalable processes and enhancing organizational effectiveness. Strong collaboration skills with the ability to partner effectively across finance, investments, operations, and executive leadership teams. Why Join Us? Opportunity to directly drive to growth and scale efforts at a dynamic and innovative company. Competitive salary and benefits Collaborative and fast-paced work environment. Professional development and growth opportunities within the insurance space.

Benefits:

Competitive Salary & Target Bonus Program Retirement Savings

• 401(k) with a company match Comprehensive Medical insurance through BlueCross BlueShield of Texas. Company-paid dental, vision, short-term & long-term disability, and life insurance. Work-Life Balance
• This role offers 20+ days of PTO, 10 paid holidays, and paid volunteer time off. Flexible Work Options & Perks
• Hybrid opportunity, wellness programs, and weekly paid lunch for onsite staff. Health Savings Accounts (HSA) & Flexible Spending Accounts (FSAs)
• Includes a company match for HSAs.