Director, Accounting Advisory

Job Summary

The Director, Accounting Advisory is responsible for leading and managing the accounting advisory process related primarily to reinsurance transactions. This position will oversee a team responsible for providing accounting advice (GAAP and STAT) throughout the organization primarily to finance, actuarial and sales teams at F&G.

Organization

This role reports to the AVP, Accounting Advisory and will have 1-2 direct reports and will be a key point of contact for accounting inquiries 

 Duties and Responsibilities

• Represent Accounting Advisory on cross functional team executing new or amendments to reinsurance transactions.  Educate cross functional teams on the accounting implications for a proposed transaction, advise on structural alternatives to achieve favorable outcomes.  Engage with internal stakeholders on accounting inquiries submitted that relate to new or existing reinsurance transactions. 
• Review documentation prepared to support accounting positions taken related to new accounting standards and significant transactions.
• Work directly with audit team to educate about and advocate for positions related to new transactions or new accounting standards.
• Lead the implementation of new accounting guidance impacting reinsurance. 
• Provide stakeholder education and ensure materials used are fit for purpose based on the seniority of stakeholders being addressed
• Ensure documentation is created to support positions taken and that new processes/procedures created (if necessary) are in alignment with the new guidance. 
• Monitor proposed changes to reinsurance accounting and serve as lead participant and advocate for the Company’s positions on industry group calls.  Utilize information gained to educate stakeholders at all levels on ramifications of potential accounting changes in advance of adoption.  
• Support Accounting Advisory leadership in the development of departmental objectives and strategies
• Manage and professionally develop direct reports. 

Experience and Education Requirements

• BA/BS in Accounting required
• A minimum of 8 years of relevant work experience
• 3 years of leadership experience preferred
• CPA highly desirable
• Strong understanding of GAAP and STAT accounting requirements for reinsurance transactions required
• Life insurance and reinsurance accounting experience required
• Experience in accounting for complex investment products highly desired

Skills and Abilities

• Strong analytical, organization and communication skills
• Ability to handle multiple complex tasks and prioritize in a fast-paced environment
• Ability to exercise judgment, present alternatives and make recommendations
• Ability to communicate and build relationships with business partners
• Ability to work independently
• Ability to work under short timelines and manage multiple tasks
• Ability to understand accounting issues and practices throughout the company and across departments
• Ability to research accounting issues, write professional and quality accounting policies and position papers and communicate conclusions effectively in both oral and written means to management.

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Minimal travel required

#LI-Remote #LI-MB1

 

 

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G.  If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com. 

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About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&