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Sr. Reinsurance Financial Reporting Accountant

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Job Summary

The Senior Reinsurance Financial Reporting Accountant will review and analyze the preparation and implementation of reinsurance financial reporting duties to ensure accurate and timely financial reporting of complex reinsurance transactions and reinsurance subsidiary companies. This includes review and preparation of GAAP, STAT, and local regulatory financial statements and review of the monthly/quarterly financial statement close activities for reinsurance subsidiaries and other offshore entities.

This position reports to the Manager, Reinsurance Financial Reporting .

Duties and Responsibilities

Responsible for timely and accurate completion of regulatory required reporting. This includes supporting coordination and preparation as well as review of the Annual audited statements (including financial statement schedules and disclosures), Quarterly Statements, and any associated filings; includes GAAP, STAT, and local regulatory filings for the company’s reinsurance subsidiaries and other offshore entities. Reviews the monthly/quarterly financial statement close activities for reinsurance subsidiaries and other offshore entities. Partners with the Reinsurance Financial Reporting Accountant to give feedback.
Prepares analysis and utilizes reporting tools to obtain information from the general ledger (Oracle), financial data warehouse, and/or onshore accounting teams, as required, to assist with the reconciliation and analytic duties related to position. Analytics performed at the treaty and reinsurance legal entity level on US GAAP, STAT, and other regulatory bases of accounting. Serves as point of contact for both internal and external auditors (EY) for reinsurance activity.
Collaborates with appropriate parties to develop quarterly results presentation. Presents financial information in the presentation during quarterly meetings.
Performs internal control procedures and documentation of controls to support compliance around reinsurance related activities.
Prepares journal entries and account reconciliations including supporting analysis when applicable.
Seeks continuous process improvements, including identifying opportunities for automation, and provides recommendations.
Assists in the mentoring, training and guidance of staff level Reinsurance Financial Reporting Accountants.

Experience and Education Requirements

Bachelor's degree required with preference in Accounting/Finance.
Minimum 2 years of experience in related field or combination of experience with a professional designation (CPA, CFA, CIA, CISA, etc.) considered.
Reinsurance accounting experience in the life insurance or financial services industries strongly preferred.
Insurance industry experience preferred.
Professional designation in related field preferred (CPA, CFA, CIA, CISA, etc.).
Experience analyzing and understanding key data and technical accounting.

Knowledge, Skills and Abilities

Exceptional interpersonal and communication (verbal and written) skills.
Highly motivated and demonstrated ability to take initiative.
Ability to work both independently and as part of a team with professionals at all levels.
Ability to effectively prioritize multiple tasks/projects to meet critical deadlines.
Ability to work in a fast-paced environment.
Excellent organizational and time management skills.
Demonstrates ability to maintain confidentiality.

Other Requirements

Perform other functions, duties and projects, as assigned.
Regular and punctual attendance.
Some travel may be required (less than 10%).

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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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Average salary estimate

$70000 / YEARLY (est.)

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$60000K

$80000K

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What You Should Know About Sr. Reinsurance Financial Reporting Accountant, Fidelity & Guaranty Life Insurance Company

Are you ready to take on a pivotal role as a Sr. Reinsurance Financial Reporting Accountant at F&G? This remote position offers you a fantastic opportunity to dive deep into the intricacies of reinsurance financial reporting. You'll be responsible for the review and analysis of complex transactions, ensuring that our financial reporting is not just timely, but also accurate. Your expertise will play a crucial role in preparing GAAP, STAT, and local regulatory financial statements, seamlessly coordinating with both internal teams and external auditors. Imagine collaborating with the Reinsurance Financial Reporting team, supporting them as they provide insightful feedback and guidance. Your analytical skills will shine as you utilize reporting tools along with Oracle to reconcile data, perform analytics at the treaty level, and ultimately present financial information during quarterly meetings. You'll also play a key role in mentoring junior accountants, fostering a culture of learning and excellence. At F&G, we appreciate proactive individuals who thrive on identifying opportunities for process improvements and automation. If you hold a bachelor's degree in Accounting/Finance and have at least 2 years of relevant experience, we want to hear from you! Experience in reinsurance accounting or the financial services sector will definitely give you a leg up. In return, we offer an employee-centric environment with flexible work arrangements to suit your life. Join us at F&G and help us continue making a difference in the lives of our clients while growing your own career in our dynamic team.

Frequently Asked Questions (FAQs) for Sr. Reinsurance Financial Reporting Accountant Role at Fidelity & Guaranty Life Insurance Company

What are the responsibilities of a Sr. Reinsurance Financial Reporting Accountant at F&G?

As a Sr. Reinsurance Financial Reporting Accountant at F&G, you'll be responsible for the accurate preparation and review of various financial statements including GAAP, STAT, and local regulatory documents. You'll coordinate with internal departments and external auditors, ensuring compliance and timely reporting of financial data related to complex reinsurance transactions. Your role will also involve data analysis using tools like Oracle, and mentoring junior accounting staff, making this position both impactful and rewarding.