Director of Investment Accounting

JOB TITLE:           Director of Investment Accounting
EMPLOYER:         A-CAP Services LLC
DEPARTMENT:     Finance
REPORTS TO:      Controller
LOCATION:           Onsite in Des Moines

ABOUT THE COMPANY
A-CAP is a leading provider of capital and third-party asset management solutions. Through our synergistic platform of insurance carriers, reinsurers, and asset management businesses, A-CAP delivers tailored capital solutions to individuals, insurance companies, and small- to medium-sized businesses.

Backed by a leadership team and operational experts with deep expertise across insurance, reinsurance, and asset management sectors, A-CAP is committed to delivering meaningful results and adding value to our clients and capital partners. This commitment is demonstrated through the industry-leading risk-adjusted returns we achieve, and the innovative capital solutions we provide to meet the needs of a diverse range of partners.

A-CAP's Core Business Includes:

• Capital Solutions
• Commercial Real Estate
• Third-party Asset Management
• Private Credit
• Primary Insurance Carriers
• Accredited Reinsurers

ABOUT THE ROLE
We are seeking a Director of Investment Accounting to lead all aspects of investment accounting and reporting for a growing annuity insurance platform. This role will oversee Investment Accounting for a complex, multi-asset investment portfolio and serve as a key partner to finance leadership, investments, actuarial, risk, and external stakeholders. The ideal candidate brings deep insurance investment accounting expertise, strong leadership skills, and experience operating in a regulated environment. The role will report to the Controller.

WHAT YOU WILL DO:

• Lead the Investment Accounting function for the company’s annuity and insurance operations, covering GAAP and Statutory reporting.
• Oversee accounting and reporting for a diversified investment portfolio including fixed income, structured products, private credit, alternatives, and derivatives.
• Manage the monthly, quarterly, and annual close process related to investments, ensuring accuracy, timeliness, and strong internal controls.
• Own preparation and review of statutory investment schedules, investment footnotes, and related disclosures.
• Ensure compliance with US GAAP, STAT, ASC 820 (fair value), NAIC guidance, and internal accounting policies.
• Serve as the primary liaison for external auditors, regulators, rating agencies (e.g., AM Best), and internal audit on investment-related matters.
• Partner closely with the investment team to support new investment structures, asset classes, and transactions from an accounting and reporting perspective.
• Oversee custodian and investment system reconciliations, valuation processes, and data integrity across platforms.
• Lead, mentor, and develop a team of investment accounting professionals; support organizational growth and scalability.
• Drive process improvements, automation initiatives, and system enhancements to improve efficiency and controls.
• Provide subject-matter expertise and leadership during audits, transactions, and strategic initiatives.
• Monitor changes in accounting regulations and investment industry trends to ensure the organization remains compliant and competitive

WHAT YOU WILL NEED:

• Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred).
• 10+ years of experience in investment accounting, with significant experience in life insurance and annuity operations.
• Deep knowledge of STAT and GAAP investment accounting, including NAIC reporting requirements.
• Experience with complex investment products and alternative assets.
• Proven experience leading teams and managing senior-level stakeholders.
• Strong understanding of investment accounting systems and custodial platforms, preferably Clearwater.
• Prior experience working with Big 4 auditors, regulators, and rating agencies.
• Strong analytical, communication, and leadership skills.

WHO WE ARE:

www.acap.com

BENEFITS:

A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes:

• Competitive compensation programs
• Employer-sponsored medical, dental, and vision insurance
• Paid Life & AD&D Insurance (for employees and families)
• Paid Disability Insurance (STD + LTD)
• Paid Parental Leave
• Paid Vacation and Sick Leave
• Paid Holidays
• Voluntary Supplemental Insurance
• Safe Harbor 401(k) plan with employer match
• And other benefits and perks!

POSITION TYPE AND EXPECTED HOURS OF WORK:

This is a full-time position. Days and hours of work are Monday through Friday, 9:00 a.m. to 6:00 p.m., 40 hours weekly, or as otherwise arranged with the manager of the department.

US Work Authorization Is Required
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

EEO Statement

A-CAP is an Equal Opportunity Employer and does not discriminate in recruiting, hiring, promotion or any other personnel action based on the basis of race, ethnicity, national origin, color, sex, gender, gender identity or expression, sexual orientation, religion, age, disability, veteran status, or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications, merit, and business need. To request an accommodation, contact [email protected] and we will make every effort to respond to your request within 48 business hours to work towards a positive solution.

Disclaimer

The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.