FAAS MS - Investment Accounitng Senior | ErnstYoung Job

Job Description

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. 

EY- Assurance –Senior- FAAS – Investment Accounting and Reporting

At EY, we’re all in to shape your future with confidence.

We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go.

Join EY and help to build a better working world.

About Global Delivery Services

Global Delivery Services refers to EY's worldwide network of service delivery centres. The GDS team plays an important role in EY’s strategy by ensuring effective support to EY’s growth agenda.

Our journey started in 2002 with approximately 200 people. Today we stand at 80,000+ professionals in ten locations around the world. We operate in Argentina, China, Hungary, India, Philippines, Poland, Sri Lanka, Mexico, Spain, and the United Kingdom.

Client service is focused on providing Consulting, Assurance, Tax, Strategy & Transactions, and Knowledge support to our clients around the world. The teams enable account teams worldwide to provide seamless, high-quality, value-added support, helping deliver exceptional client service.

Enablement Services provides cost-effective, high-skilled, and innovative services to support EY’s global and local enablement teams. Markets, BMC, AWS, Finance and Accounting, Risk Management, Procurement, People Shared Services, IT Service Delivery, and IT Global Infrastructure services, are among the services offered by Enablement Services.

Our innovation specialists serve the GDS Client Service and Enablement Services teams, along with Service Lines, Core Business Services and Sectors. The team brings the desired environment, technologies, and skilled teams together for facilitation, rapid prototyping, and innovative thinking. The competencies offered include analytics, digital, user experience, mobile technology, infrastructure, Microsoft technologies, and open innovation.

The Opportunity

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.

Your Key Responsibilities

Financial Reporting:

• Technical understanding of investment accounting, including fixed income securities derivatives product , amortisation, securitization and other investment products
• 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.
• Experience with portfolio accounting and management systems.

Reconciliation & Controls:

• 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.
• Strengthen governance through robust documentation and adherence to control procedure.

Technical Accounting:

• Apply appropriate accounting treatments under US GAAP (fair value option, equity method, cost/measurement alternative).
• 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.

Data Analysis & Reporting:

• 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.

Stakeholder Management:

• 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.

Process Improvement & Automation:

• 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.

Client Service Excellence:

• 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.
• Application of Accounting Standards & Firm Policies:
• Responsible for decision-making, optimizing processes, resource management, and overseeing team management as needed for task execution.
• Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situation.
• Accountable for allocating personnel, supervising team members, assigning tasks, ensuring that the team has the necessary tools and support to succeed in their roles and optimizing and evaluating their performance to meet organizational goals.

Skills and attributes for success:

Technical Expertise:

• 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.

Analytical Skills:

• Ability to perform detailed reconciliations, flux analysis, and root cause analysis.
• Strong problem-solving mindset with attention to detail.

Process & Control Orientation:

• Experience in month-end close, reconciliations, and control frameworks.
• Ability to identify control gaps and support improvement initiatives.

Advanced Excel Skills:

• Proficiency in PivotTables, Macros reconciliations, data validation, and large dataset handling.
• Experience with cross-file comparisons and automation tools.

Leadership & Team Management:

• Ability to review work, coordinate with team members, and support timely delivery against deadlines.
• Strong coaching and mentoring skills.

Communication & Stakeholder Management:

• Ability to communicate complex accounting topics clearly and professionally.
• Experience working with global stakeholders and auditors.

Process Improvement Mindset:

• Proactive in identifying efficiency improvements and automation opportunities.
• Comfortable working on transformational initiatives.
• Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices, and modern technologies.

Time Management:

• Ability to manage multiple priorities during close cycles.
• Strong focus on meeting strict reporting timelines.

Strategic Leadership & Governance:

• Demonstrate sound judgment in handling complex accounting matters and balancing business priorities within assigned responsibilities.
• 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.

Ideally, you’ll also

• Proficiency in MS Office including MS Excel
• Flexibility and willingness to travel on short notice, as necessary.
• Effective communication, Interpersonal, Analytical Skills & highly proactive in approach

What we look for

• CA, ACCA (UK), CPA, or other relevant qualification
• 3-6 years relevant experience including experience in Investment accounting.

What we offer you

At EY, we will develop you with future-focused skills and equip you with world-class experiences. We will empower you in a flexible environment, and fuel you and your extraordinary talents in a diverse and inclusive culture of globally connected teams. Learn more.

Are you ready to shape your future with confidence? Apply today.

To help create an equitable and inclusive experience during the recruitment process, please inform us as soon as possible about any disability-related adjustments or accommodations you may need.

Our Commitment: As a commitment, we persistently endeavour to embody our values, fulfil our purpose, and champion inclusiveness. Our dedication is to cultivate EY into an environment where diverse perspectives are celebrated, creating a supportive atmosphere for individuals to authentically be themselves and contribute their utmost.

Professional Development: From entry-level employees to senior leaders, we believe in continuous learning. We offer opportunities to build new skills, take on leadership roles, and connect and grow through mentorship.

People and Culture: In our dynamic workplace, diversity, equity, and inclusiveness are ingrained in our culture. We're united by a commitment to create an environment where every individual's differences are valued, practices are equitable, fostering a sense of belonging. Our shared values include integrity, respect, teaming, inclusiveness, energy, enthusiasm, courage to lead, and building relationships based on doing the right thing.

Benefits: Embark on a transformative career journey with us and indulge in a suite of premium benefits, encompassing exclusive health and wellness packages, enticing rewards, and cutting-edge learning opportunities that empower you to continually grow and excel in your professional and personal development.

How to Apply: If you are passionate to join us and are aligned with our commitment to building a better working world, we invite you to apply by completing our user-friendly form with personal and professional information and by providing your consent to data privacy.

Successful candidates advance to a competency-based interview. If mutual interest persists, a job offer awaits.

“We are an equal opportunity employer and are committed to Diversity, Equity & Inclusion.”

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