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Job Details

Senior Accountant Investments

Company name
Torchmark Corporation

McKinney, TX, United States

Employment Type


Posted on
Feb 27,2019

Valid Through
Jun 12,2019

Apply for this job


Job Summary

Assists Director, Investment Accounting in managing the accounting and reporting for Torchmark’s fixed maturity and equity portfolio at the consolidated and individual subsidiary levels. Responsibilities include review and maintenance of investment data required for GAAP and statutory accounting and reporting; review and reporting of investment transactions; preparation of quarterly and annual statutory statements; preparation of annual audited statutory reports; preparation of annual investment surveys; responsibility for certain individual subsidiary accounting and reporting. Work closely with personnel in Investment Operations and Financial Reporting.

Primary Duties & Responsibilities

Responsible for the accounting and reporting of Torchmark subsidiaries – review and post investment transactions; prepare general ledger entries and month-end reconciliations to the general ledger and custodian; prepare quarterly statutory statements and subsidiary board reports; prepare annual statutory statement, supplements, and annual investment surveys.

 Assist in preparation of IMR, AVR, and quarterly notes to the statutory financial statements. Review statutory disclosures prepared by Investment Accounting specialists. Compile investment disclosures for the annual audited statutory financials. Review audited statutory financials for accuracy, consistency, and completeness

 Review and maintain security master attributes, quality ratings, and system data fields required for GAAP / statutory reporting and investment management

 Assist with processing and reporting of commercial mortgage loan portfolio and other alternative investments

 Prepare monthly and quarterly consolidated reports of investment activity and holdings for internal and external distribution

 Prepare annual / semi-annual cash flow testing files for actuaries

 Prepare annual consolidated and subsidiary investment surveys

 Ensure compliance of portfolio holdings with internal and domiciliary state investment limitations by preparing quarterly investment limitations review.

 Backup system administrator for CAMRA investment software. Perform periodic system data reviews to ensure accuracy and completeness.

 Ensure compliance with internal controls

 Assist department director with periodic data reviews and special projects

 Coordinate with portfolio managers, tax accountants, and controllers to ensure their GAAP and statutory reporting needs are met in an accurate and timely manner.

 Assist with inquiries from internal and external auditors

 Assist investment accounting specialists with questions and issues as needed

Required Skills

 Microsoft Excel – intermediate to advanced level

 Excellent written and verbal communication skills

 Ability to work as a team player

 Ability to lead and train other team members

 Knowledge of GAAP and Statutory reporting requirements

 Lawson General Ledger system a plus

 Wings annual statement software a plus

 CAMRA Investment Accounting Software preferred

 Precision LM Mortgage Loan Accounting Software preferred

 Crystal Reports preferred

Required Experience

 Bachelor’s degree in Accounting or Finance

 CPA or CGMA preferred

 Minimum three-year’s experience in investment accounting and reporting in the insurance industry, or relevant experience

Job Location

McKinney, Texas, United States

Company info

Torchmark Corporation
Website :

Company Profile
Torchmark Corporation is a holding company specializing in life and supplemental health insurance for "middle income" Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies.

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