Accounting and Finance Rotational Program (2023)

Job Summary

The F&G Accounting & Finance Development Program (“FDP”) is a two-year program, consisting of three rotations.  The FDP is intended to attract recent, highly talented college graduates, or professionals with minimal experience to date, in the fields of Accounting and/or Finance. The FDP is designed to develop these graduates into future leaders through broad exposure to various financial activities and offers the opportunity for accelerated growth and development.  This FDP will give candidates a professional experience with the tools and resources you need to succeed. 

What We’re Looking For

We are searching for exceptional leader-potential students who demonstrate leadership skills through experience, internships and extracurricular activities. They must have an aptitude to apply accounting and finance skills in job situations, and should possess strong interpersonal skills as well as a commitment to excellence and integrity.

Details of the Program:

• Start Date: June 2023
• 2-year program made up of three, 8-month rotations to enable you to deliver value to F&G while gaining relevant career experiences within various disciplines of Finance.
• At the end of the Program, you will have a role within Finance that balances your career preferences and the needs of the F&G at that time.

Duties and Responsibilities

Accounting and Finance Development Associates may work in various roles within the Finance groups including, but not limited to:

• Expense Management
• Financial Reporting
• Internal Audit
• Financial Controls
• Investment Accounting

Examples of responsibilities include:

Expense Management Rotation

Responsibilities:

• Serve as a project team member for expense team projects, including, but not limited to forecasts, plan, DAC, M&A analysis, system upgrades, and report enhancements
• Complete reconciliation of key and non-key expense related accounts
• Complete various reports to support the Tax Department, internal and external auditors, and the RAS form.
• Assist in development of the annual forecasting and budgeting process
• Assist department budget managers with accounting and general ledger inquiries
• Assist in ad-hoc reporting and analysis

Financial Reporting Rotation

Responsibilities:

• Assisting with the preparation and validation of the GAAP and Statutory financial statements and reporting packages
• Preparing reconciliations and analysis of general ledger accounts and other financial data 
• Preparing journal entries and supporting analysis
• Assisting with the monthly/quarterly close calendar and the coordination of close activities 
• Assisting with the requests of both internal and external auditors
• Assisting with ad hoc requests, special projects and other duties related to financial reporting and analysis, as assigned

Internal Audit Rotation
Responsibilities:

• Participating in internal audits (including walkthroughs, risk assessments, control design evaluations, and detailed testing) in execution of the annual audit plan
• Coordinating client/customer requests and oversight of control testing, with Internal and External partners, for low to moderate complexity processes 
• Executing design/effectiveness control testing over low to moderate complexity controls 
• Communicating noted issues, risks, and control deficiencies to the Audit Leadership, in an effective manner 
• Providing support for key internal audit administrative processes (status/time reporting) 
• Administering ad-hoc audit reporting in the Highbond application 

Financial Controls Rotation

Responsibilities:

• Participating in SOX/MAR scoping and materiality assessments
• Providing internal controls related support to special projects 
• Coordination of process walkthroughs between management and internal/external audit
• Assisting with the requests of both internal and external auditors
• Design effectiveness evaluation over low to moderate complexity controls
• Other duties related to Internal Control services, as assigned

Investment Accounting Rotation

Responsibilities:

• Assisting with the completion of GAAP and STAT reporting for investments, including NAIC annual and quarterly statements and related analysis, ensuring completeness, accuracy and the timely delivery of completed results.
• Preparing reconciliations of investment accounting balances in system of record to general ledger and preparing journal entries and supporting analysis.
• Ensuring compliance with internal control procedures and maintenance of evidence of controls. Assisting in the review and maintenance of control documentation and ensuring all controls are completed timely.
• Assisting with the coordination of external auditor, internal audit requests, and state insurance department examinations.
• Actively seeks and proposes methods for continuing process improvements in the reporting, analysis and system functions.
• Assisting with ad hoc requests, special projects and other duties related to Investment Accounting, as assigned.

Experience and Education Requirements

• College graduate or MBA with a major in Accounting, Finance, Business Administration with an Accounting/Finance emphasis, or Business Analytics
• Minimum GPA Requirement of 3.25
• Strong analytic, problem-solving, and communication skills
• Self-starter; strong personal motivation and initiative

Skills and Abilities

Throughout the Program’s rotations, candidates will have the opportunity to grow in five distinct competencies:

• Critical Thinking
• Communication
• Collaboration
• Driving Results
• Organizational Awareness.

During the Program, employees will also encounter our culture-in-action by participating in key corporate functions and other events with F&G personnel. Perks of the Accounting & Finance Development Program include high visibility to leadership, networking opportunities, license/certification support, and skills training.