Financial Reporting Accountant - Reinsurance
Job Description
Job Summary
The Reinsurance Financial Reporting Accountant will perform various duties to ensure accurate and timely financial reporting of complex reinsurance transactions and reinsurance subsidiary companies. Responsibilities include preparing audited GAAP and local regulatory financial statements and assisting with monthly/quarterly financial statement close activities. This position reports to the Manager, Reinsurance Financial Reporting.
Duties and Responsibilities
- Preparation of audited GAAP and local regulatory financial statements for the company’s reinsurance subsidiaries.
- Assist with the monthly/quarterly financial statement close activities for reinsurance subsidiaries. Works with Reinsurance Financial Reporting team members for feedback and process improvements.
- Preparation of financial reporting at the treaty and reinsurance legal entity level on a US GAAP, NAIC and other regulatory bases of accounting.
- Assist with performing reinsurance internal controls over financial reporting.
- Preparation of reinsurance financial statement schedules and disclosures for F&G GAAP, local regulatory reporting and NAIC statutory reporting.
- May partner with various areas on the implementation of new reinsurance treaties and amendments along with working on the development of accounting models for reinsurance transactions under multiple accounting bases (US GAAP, NAIC statutory, etc.).
- Assist with ad hoc requests, special projects and other duties related to financial reporting and analysis, as assigned
Experience and Education Requirements
- Bachelor’s degree in Accounting or equivalent
- Minimum 1 year of experience in financial reporting, accounting or auditing
- Reinsurance accounting experience in the life insurance or financial services industries preferred
- Big 4 public accounting experience a plus
- CPA license preferred
Knowledge, Skills & Abilities
- Strong computer knowledge including familiarity of financial systems.
- Exceptional interpersonal and communication (verbal and written) skills.
- Highly motivated and demonstrated ability to take initiative.
- Ability to work both independently and as part of a team with professionals at all levels.
- Strong analytical skills and understanding of key data.
- Ability to effectively prioritize multiple tasks/projects to meet critical deadlines.
- Ability to successfully handle pressure and meet deadlines in a fast-paced environment.
- Excellent organizational and time management skills.
- Demonstrated ability to maintain confidentiality.
- Strong problem-solving skills.
- Ability to work in a hybrid environment.
- Ability to collaborate with internal customers and identify opportunities for improvement while demonstrating a strong desire to learn and grow.
Other Requirements
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
- Ability to travel up to 10%
#IND-HP
#LI-MK1
#LI-Remote
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.
Join our employee-centric hybrid work environment: F&G Careers
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 Workplace2Â and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.
1Top Workplaces USA 2022 – 2023
2Des Moines Register Top Workplaces 2018 – 2022
Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy.Â
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Date Posted
06/24/2023
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6
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