Mgr, Investment Accounting Reporting - Hybrid

Awarded a Healthiest Employer, Blue Cross Blue Shield of Arizona aims to fulfill its mission to inspire health and make it easy. AZ Blue offers a variety of health insurance products and services to meet the diverse needs of individuals, families, and small and large businesses as well as providing information and tools to help individuals make better health decisions. At AZ Blue, we have a hybrid workforce strategy, called Workability, that offers flexibility with how and where employees work. Our positions are classified as hybrid, onsite or remote. While the majority of our employees are hybrid, the following classifications drive our current minimum onsite requirements:

• Hybrid People Leaders: must reside in AZ, required to be onsite at least twice per week
• Hybrid Individual Contributors: must reside in AZ, unless otherwise cited within this posting, required to be onsite at least once per week
• Hybrid 2 (Operational Roles such as but not limited to: Customer Service, Claims Processors, and Correspondence positions): must reside in AZ, unless otherwise cited within this posting, required to be onsite at least once per month
• Onsite: daily onsite requirement based on the essential functions of the job
• Remote: not held to onsite requirements, however, leadership can request presence onsite for business reasons including but not limited to staff meetings, one-on-ones, training, and team building Please note that onsite requirements may change in the future, based on business need, and job responsibilities. Most employees should expect onsite requirements and at a minimum of once per week. This position is hybrid within the state of AZ only. This hybrid work opportunity requires residency, and work to be performed, within the State of Arizona.

Purpose of the Job

The Manager, Investment Accounting Reporting is responsible for managing investment accounting close activities, statutory and GAAP reporting, NAIC investment schedules, regulatory filings, internal controls, audit support, and related process improvements. This role ensures accurate, complete, and timely accounting results; compliance with statutory, regulatory, and company requirements; effective documentation of investment accounting activity; and clear communication of financial results, risks, trends, and key business drivers to senior finance leadership.

Required Qualifications

Required Work Experience

• 7 or more years of progressive accounting or finance experience, including investment accounting, statutory reporting, GAAP reporting, regulatory reporting, internal controls, audit support, or related financial reporting responsibilities.
• Demonstrated people leadership experience, including coaching employees, reviewing work, setting expectations, and managing accountability for deadlines and deliverables. Required Education
• Bachelor’s degree in accounting, business, or a related field. Required License s
• None. Required Certification s
• None.

Preferred Qualifications

Preferred Work Experienc e

• 10 or more years of investment accounting or finance experience in a regulated insurance or financial services environment.
• Prior experience managing statutory, GAAP, NAIC, or investment accounting reporting functions. Preferred Education
• Master’s degree in accounting, business, or a related field of study. Preferred Licenses and Certifications
• Certified Public Accountant certification.

Essential Job Functions and Responsibilities

• Manage monthly investment accounting close activities and related reporting requirements, including the review of journal entries, reconciliations, roll forwards, and supporting schedules.
• Oversee statutory, GAAP, and NAIC investment schedules, footnotes, regulatory reporting, and management reporting deliverables related to investments.
• Ensure investment accounting data is accurate, complete, appropriately classified, and supported by clear documentation.
• Maintain a strong working knowledge of insurance company investment accounting concepts, including securities, investment income, realized and unrealized gains and losses, impairment considerations, fair value, and statutory reporting requirements.
• Monitor applicable statutory, NAIC, regulatory, and company policy requirements and assess their impact on investment accounting and reporting processes.
• Support internal and external audits by coordinating requests, reviewing documentation, resolving issues, and ensuring timely responses.
• Maintain and strengthen internal controls over investment accounting, reconciliations, reporting, and close activities. Assess risks and recommend control enhancements as needed.
• Ensure process documentation is current, complete, and updated to reflect regulatory, business, system, or control changes.
• Prepare and review concise analyses, schedules, and explanations of investment accounting results for management and senior finance leadership.
• Communicate accounting results, key drivers, risks, open items, and process issues clearly to finance partners, management, auditors, and cross-functional stakeholders.
• Lead remediation activities and process updates related to audit findings, control enhancements, regulatory changes, or reporting changes.
• Identify and lead opportunities to improve efficiency, accuracy, documentation, consistency, automation, and data quality across investment accounting processes.
• Partner with Treasury, Finance, Actuarial, Tax, Compliance, Technology, and other stakeholders to support complete and accurate investment accounting and reporting.
• Manage multiple priorities, plan close and reporting activities in advance, meet internal and external deadlines, and escalate issues promptly with recommended solutions.
• Manage, coach, and develop team members. Set clear expectations, review work, provide feedback, and hold the team accountable for timely and accurate results.
• Promote a collaborative, resilient, and continuous-improvement-oriented team environment.
• The position has an onsite expectation of 2 days per week and requires a full-time work schedule. Full-time is defined as working at least 40 hours per week, plus any additional hours as requested or as needed to meet business requirements

Required Competencies

Required Job Skills

• Experience with Oracle ERP, Oracle ARCS, Oracle Task Manager, Clearwater, and Microsoft Office.
• Strong analytical skills, attention to detail, and the ability to identify issues, research variances, evaluate options, and recommend appropriate follow-up actions.
• Investment accounting experience involving securities, investment income, realized and unrealized gains and losses, fair value information, impairments, reconciliations, and management reporting.
• Insurance company accounting experience, including statutory, GAAP, NAIC, and regulated-industry reporting requirements.
• Internal control experience, including SOX or similar control frameworks, audit support, process documentation, and issue remediation.
• Ability to prepare executive-ready analyses and communicate complex accounting and regulatory matters clearly to finance and non-finance stakeholders. Required Professional Competencies
• Ability to prioritize, organize, and lead work in a high-volume close and reporting environment.
• Technical and functional expertise in investment accounting, statutory reporting, internal controls, and regulatory reporting.
• Sound judgment and decision-making skills, including the ability to assess issues, evaluate options, and recommend actions.
• Understanding of the business and the ability to translate business activity into accurate accounting and reporting outcomes.
• Ability to achieve results through planning, accountability, collaboration, and deadline management.
• Ability to serve internal and external customers through responsive, accurate, and professional support.
• Strong teamwork, cross-functional partnership, interpersonal, and commu