Lead Accountant - Investment Accounting and Reporting

GE Aerospace • Loves Park, IL • 2d ago

Job Description Summary

This role is with Employers Reassurance Corporation (ERAC), a reinsurance company and corporate holding of GE Aerospace. ERAC supports long‑duration insurance products, including long‑term care insurance, structured settlement annuities, life insurance, and other insurance solutions.

Primarily responsible for finance and controllership activities involved with investment accounting and reporting, including tri-party reconciliation of investments, monitoring of open payables, receivables, and suspense, and execution of internal controls. Collaborate with internal investments and treasury teams and third-party custodians and asset managers. Additional responsibilities include supporting other controllership activities inclusive of GAAP and statutory financial reporting. This is a remote US role.

Job Description

Roles and Responsibilities

Serve as subject matter expert for investment accounting and reporting

Ensure proper controls are in place and operating effectively, and execute internal controls

Maintain tri-party reconciliations of investment positions to custodians and asset managers

Review and ensure timely clearing of open investment payables, receivables, and suspense transactions

Collaborate with internal investments and treasury teams

Communicate with third party asset managers, custodians, and accounting providers

Prepare account reconciliations

Record manual journal entries

Prepare GAAP and statutory financials and financial disclosures

Communicate investment portfolio information to GE Aerospace, NALH senior management, and regulators

Fulfill external and internal audit requests

Required Qualifications

Bachelor's degree in accounting or finance

Minimum of 2-3 years' experience in accounting

Financial services industry and investments experience

Experience working with custodian banks and/or treasury functions

Proficient use of financial systems and MS Office

Strong problem identification and resolution skills

Desired Characteristics

Insurance industry experience

Public accounting experience

Certified Public Accountant

The base pay range for this position is $101,000.00 - 135,000.00 - 169,000.00 USD Annual

The specific pay offered may be influenced by a variety of factors, including the candidate's experience, education, and skill set. This position is also eligible for an annual discretionary bonus based on a percentage of your base salary/ commission based on the plan. This posting is expected to close on October 30, 2026.

GE Aerospace offers comprehensive benefits and programs to support your health and, along with programs like Health Ahead, your physical, emotional, financial and social wellbeing. Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach from GE Aerospace; and the Employee Assistance Program, which provides 24/7 confidential assessment, counseling and referral services. Retirement benefits include the GE Aerospace Retirement Savings Plan, a 401(k) savings plan with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness.

GE Aerospace (General Electric Company or the Company) and its affiliates each sponsor certain employee benefit plans or programs (i.e., is a "Sponsor"). Each Sponsor reserves the right to terminate, amend, suspend, replace or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor's welfare benefit plan or program. This document does not create a contract of employment with any individual.

Additional Information

GE Aerospace offers a great work environment, professional development, challenging careers, and competitive compensation. GE Aerospace is an Equal Opportunity Employer (https://www.eeoc.gov/sites/default/files/2022-10/22-088\EEOC\KnowYourRights\10\20.pdf) . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

GE Aerospace will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable). Employees may also be subject to random and reasonable-suspicion drug and alcohol testing.

Relocation Assistance Provided: No

LI-Remote - This is a remote position

GE Aerospace is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

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