Fidelity & Guaranty Life Insurance Company Verified

Manager, Accounting Advisory

HybridHybridFull TimeManager / HeadPosted 2 months ago

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Required skills

GAAP
Statutory
Investment Accounting
Bonds
Mortgages
Derivatives
Equity Investments
Accounting Policy
Accounting Research
Financial Reporting

Nice to have

Big 4
Insurance Audit Practice
Accounting Advisory

Role summary

F&G is seeking a Manager, Accounting Advisory – Investments to join their Accounting Advisory team. This role is responsible for ensuring compliance with GAAP and Statutory reporting for F&G and its insurance carriers. The position will provide accounting advice for various asset classes, participate in cross-functional teams, and influence the structuring of new investments. Key responsibilities include accounting for new investments, monitoring emerging accounting guidance, and serving as a point of contact for accounting inquiries. The role requires strong analytical, organizational, and communication skills, with 7+ years of relevant experience and a Bachelor's Degree in accounting.

Job Summary

The Manager, Accounting Advisory – Investments 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 is responsible for providing accounting advice for asset classes in F&G’s existing investment portfolio (bonds, mortgages, derivatives, and various forms of equity investments), participating in cross-functional teams with investment-related financial reporting implications and influencing structuring of new investments. The position is also responsible for the recognition and ongoing accounting for new investments or asset classes acquired by F&G, along with the monitoring and implementation of emerging accounting guidance impacting investments.

As a core contributor to the team, this position 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 business partners within the organization including, but not limited to: Investment Strategy, Hedging, Middle Office, Investment Accounting, Capital Planning.

Duties & Responsibilities

Evaluating new bespoke investments presented by asset managers by ensuring awareness and understanding of the financial reporting outcomes generated.
Assessing financial report implications of organizational initiatives with investment-related impacts (e.g. consolidation, asset transfers, new derivatives and hedging programs, capital financing).
Evaluate, document, and provide education where necessary on appropriate GAAP and Statutory accounting and financial reporting requirements for new investments acquired, new investment-related strategic initiatives, and the existing investment portfolio. This also includes assessing new investments under Statutory guidance as part of the principles-based bond definition.
Monitor proposed changes to GAAP and Statutory accounting guidance and serve as participant and advocate for the Company’s positions on industry group calls. Utilize information gained to educate stakeholders throughout the organization and work cross-functionally to ensure the Company is appropriately aware of the impacts of all relevant accounting literature.
Prepare documentation to support accounting positions taken related to new accounting standards documenting the appropriate GAAP and Statutory accounting and financial reporting requirements.
Support the creation and maintenance of the Company’s accounting policies.
Work directly with audit team to educate and advocate for positions related to new transactions or new accounting standards.

Supervisory Responsibilities: This role does not have formal people leadership responsibilities but may provide guidance, mentorship, or subject matter expertise to others.

Knowledge, Skills & Abilities

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.

Ability to lead conversations and provide documentation in a clear and concise manner

Education/ Experience

Bachelor's Degree in accounting required

7+ years of relevant experience

Experience researching accounting guidance or previous accounting policy experience.

Extensive knowledge of insurance company investment accounting topics strongly preferred (e.g., fixed income investments, equity investments, derivatives, hedging, asset transfers, IMR/AVR, affiliated accounting models).

Big 4 experience in the insurance audit practice or an accounting advisory role that focuses on accounting for investments is a plus.

#IND-HP

#LI-MK1

#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.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

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