EY India | FAAS MS - Investment Accounitng Senior

Responsibilities

• The team brings the desired environment, technologies, and skilled teams together for facilitation, rapid prototyping, and innovative thinking.
• We are looking for a seasoned professional who will be responsible for driving timely, high-quality delivery in line with project requirements for our FAAS team while bringing strong investment accounting expertise.
• The role requires independent ownership of complex accounting and reporting processes, strong review capabilities, and the ability to guide teams through critical deliverables.
• This position will play a key role in ensuring accurate financial reporting, compliance with regulatory requirements, operational discipline, and continuous process enhancement while maintaining strong client and stakeholder confidence.
• Lead and review monthly reconciliation of Investment accounting balances under both STAT and GAAP, ensuring completeness and accuracy.
• Support and review quarter-end and year-end financial reporting, including statutory filings such as Schedules and related disclosures.
• Ensure timely delivery of reporting packs in line with close timelines and audit requirements.
• Identify and escalate complex technical accounting matters and support resolution.
• Perform and review month-end and quarter-end reconciliations, ensuring all balances are accurate and fully supported.
• Investigate and resolve variances across sub-ledgers, custodial data, and general ledger.
• Maintain strong control over investment accounting processes, ensuring alignment with established control frameworks.
• Identify, assess, and escalate key control, valuation, and reporting risks, and support remediation efforts.
• Ensure compliance with NAIC statutory reporting guidelines, including Schedule BA and related investments.
• Review classification and accounting treatment of investments, ensuring alignment with accounting policies and standards.
• Perform and review flux analysis, variance analysis, and trend analysis of investment balances.
• Analyze key drivers of movement including purchases, sales, income, impairments, contributions, and distributions.
• Support preparation of management reporting, disclosures, and audit documentation.
• Act as a key point of contact for investment accounting queries, audits, and client interactions.
• Coordinate with internal teams, auditors, and clients to ensure timely resolution of issues.
• Provide clear updates, track open items, and ensure effective communication with stakeholders.
• Identify opportunities for automation and standardization in reconciliation and reporting processes.
• Drive efficiency improvements using tools such as Excel and automation solutions.
• Develop and maintain SOPs, process documents, and control checklists to ensure consistency and scalability.
• Deliver high-quality client service by supporting day-to-day project execution, responding to requests promptly, and maintaining effective working relationships with stakeholders.
• Contribute to engagement delivery by balancing quality, timeliness, stakeholder expectations, and continuous service improvement across the assigned processes.

Skills

• Experience with portfolio accounting and management systems.
• Strong understanding of investment accounting in insurance.
• Hands-on experience with Other Invested Assets / Schedule BA, D and other reporting.
• Knowledge of US GAAP and NAIC STAT reporting requirements.
• Ability to perform detailed reconciliations, flux analysis, and root cause analysis.
• Strong problem-solving mindset with attention to detail.
• Experience in month-end close, reconciliations, and control frameworks.
• Ability to identify control gaps and support improvement initiatives.
• Proficiency in Pivot Tables, Macros reconciliations, data validation, and large dataset handling.
• Experience with cross-file comparisons and automation tools.
• Ability to review work, coordinate with team members, and support timely delivery against deadlines.
• Strong coaching and mentoring skills.
• Ability to communicate complex accounting topics clearly and professionally.
• Experience working with global stakeholders and auditors.
• Comfortable working on transformational initiatives.
• Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices, and modern technologies.
• Ability to manage multiple priorities during close cycles.
• Strong focus on meeting strict reporting timelines.
• Ability to identify risks early, exercise sound judgment, and escalate issues to senior stakeholders in a timely manner.
• Strong stakeholder coordination and delivery support skills, with focus on quality, governance, and continuous improvement.
• Proficiency in MS Office including MS Excel.
• Effective communication, Interpersonal, Analytical Skills & highly proactive in approach.
• CA, ACCA (UK), CPA, or other relevant qualification

EY (Ernst & Young)

EY is one of the Big Four professional services networks, providing assurance, tax, consulting and strategy-and-transactions services. The network in its present form came from the 1989 merger of Ernst & Whinney and Arthur Young.

In India, EY member firms and EY Global Delivery Services employ large finance teams. Typical openings for chartered accountants and finance professionals are in financial accounting advisory (FAAS), audit, tax, risk and transaction services.

• Industry: Assurance, tax, consulting and transactions (Big Four)
• Headquarters: London, UK
• In India: EY member firms and EY Global Delivery Services centres in several Indian cities