Director, Accounting Advisory

Job Description

Job Description

Job Summary

The Director, 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 leading F&G's accounting positions related primarily to reinsurance transactions, but also to include mergers and acquisitions, divestitures, new products, and actuarial related accounting topics. Additionally, this position will lead revenue recognition matters associated with certain insurance and annuity product distributors acquired or owned by F&G and the 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 role reports to the AVP, Accounting Advisory and may have 1-2 direct reports 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 by educating teams on the accounting implications for a proposed transaction, advising on structural alternatives to achieve favorable outcomes, and engaging with internal stakeholders on accounting inquiries.
• Driving assessments on new transactions and projects to ensure financial accounting, regulatory reporting, and company-wide reporting issues are properly identified and addressed in a timely manner.
• Review documentation prepared to support accounting positions taken related to new accounting standards, reinsurance transactions and significant transactions documenting the appropriate GAAP and Statutory accounting and financial reporting requirements.
• Lead the implementation of new accounting guidance impacting non-investment related items.
• Provide stakeholder education and ensure materials used are fit for purpose based on the seniority of stakeholders being addressed
• Ensure documentation is created to support positions taken and that new processes / procedures created (if necessary) are in alignment with the new guidance.
• Monitor proposed changes to accounting guidance and serve as lead participant and advocate for the Company's positions on industry group calls. Utilize information gained to educate stakeholders at all levels on ramifications of potential accounting changes in advance of adoption.
• Review 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.
• Support Accounting Advisory leadership in the development of departmental objectives and strategies
• Manage and professionally develop direct reports.

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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