Lead Insurance Accounting Advisor

Job Summary

The Lead Insurance Accounting Advisor will be part of the Accounting Advisory team at F&G, which is responsible for ensuring compliance with GAAP and Statutory reporting for F&G and its insurance carriers. This position will be responsible for evaluating, providing accounting advice and documenting F&G’s accounting positions related to life and annuity reinsurance transactions, new retail and institutional product offerings, and actuarial related accounting topics. As a core contributor to the team, this position will be become a key point of contact for professionals throughout the organization for accounting inquiries.

This position will report to the Director, Accounting Advisory and will work cross functionally primarily with Retail, Institutional, Actuarial, Risk and other departments within the Finance organization.

Duties and Responsibilities

• Evaluate and document appropriate GAAP and Statutory accounting and financial reporting requirements for new product offerings in both retail and institutional channels and for proposed reinsurance transactions
• Participate on cross-functional teams involved in bringing new products to market by ensuring awareness and understanding of the financial reporting outcomes generated by each product offering
• Evaluate reinsurance transactions in collaboration with the Actuarial Reinsurance & Capital Management teams to ensure awareness of the financial reporting outcomes for the treaty with an emphasis on concerns surrounding statutory risk transfer
• Monitor GAAP and Statutory accounting guidance updates to assess applicability to the Company
• Disseminate the impact of new accounting guidance throughout the organization and work cross-functionally to ensure the Company is appropriately aware of the impacts of all relevant accounting literature
• Support the creation and maintenance of the Company’s insurance and reinsurance related accounting policies

Experience and Education Requirements

• • Bachelor’s degree or higher in accounting required
  • 5 – 7 years of work experience
  • CPA highly preferred
  • Recent Sarbanes-Oxley experience preferred
  • Experience researching accounting guidance or previous accounting policy experience
  • Extensive knowledge for life insurance and annuity product accounting as well as accounting for reinsurance transaction under GAAP and Statutory strongly preferred
  • Big 4 experience in the insurance audit practice or an accounting advisory role that focuses on accounting for insurance products and reinsurance transactions would be a plus

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