Lead Accounting Advisory

Job Description

Job Description

Job Summary

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 be 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

Knowledge, Skills and Abilities

Other Requirements

#LI-MB1 #LI-Remote

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.

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 Workplace2 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.

1 Top Workplaces USA 2022 – 2023

2 Des Moines Register Top Workplaces 2018 – 2022

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