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Lead Accounting Advisory
Lead Accounting AdvisoryFidelity & Guaranty Life Insurance Company • Denton, TX, US
Lead Accounting Advisory

Lead Accounting Advisory

Fidelity & Guaranty Life Insurance Company • Denton, TX, US
[job_card.30_days_ago]
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  • [job_card.full_time]
[job_card.job_description]

Lead Accounting Advisory

The Lead, Accounting Advisory 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 and documenting F&G's accounting positions related to reinsurance transactions, mergers and acquisitions, divestitures, new products, and actuarial related accounting topics. Additionally, this role will be responsible for assisting with revenue recognition matters associated with certain insurance and annuity product distributors acquired or owned by F&G and recognition and ongoing accounting for goodwill and intangibles resulting from acquisitions or recorded by F&G.

As a core contributor to the team, this role will become a key point of contact for professionals throughout the organization for accounting inquiries.

This position will report to the AVP, Accounting Advisory and will work cross functionally with our various retail and business development teams, along with business partners within the Finance Organization.

Duties and Responsibilities

  • Represent Accounting Advisory on cross functional teams executing new or amendments to reinsurance transactions.
  • Assist and advise in special projects and complex reinsurance transactions to ensure financial accounting, regulatory reporting, and company-wide reporting issues are properly identified and addressed in a timely manner.
  • Evaluate and document appropriate GAAP and Statutory accounting and financial reporting requirements for new retail and institutional product offerings, existing products, and acquisition activities.
  • 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 non-investment related accounting policies.
  • Execution of assigned controls on a quarterly basis, including those related to goodwill and intangible asset impairment.
  • Work directly with audit team to educate about and advocate for positions related to new transactions or new accounting standards.

Experience and Education Requirements

  • Bachelor's degree in accounting required
  • 5+ years of work experience required, with insurance industry experience preferred
  • CPA preferred
  • Public accounting experience preferred
  • Experience researching accounting guidance or previous accounting policy experience
  • Knowledge, Skills and Abilities

  • Strong understanding of GAAP and STAT accounting requirements, with life insurance and reinsurance accounting experience
  • Strong analytical, organizational and communication skills
  • Ability to work independently and manage multiple assignments
  • 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.
  • Ability to exercise judgment, present alternatives and make recommendations
  • Ability to communicate and build relationships with business partners
  • Ability to remain flexible and work in a fast-paced environment.
  • Ability to work under short timelines and manage multiple tasks
  • Other Requirements

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