Description
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
Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy.
Similar jobs
Job Summary The Director will lead the production and ongoing management of investment-related deliverables for the Company’s institutional businesses, including Pension Risk Transfer (PRT), Funding Agreement Backed Note…
Est. 80,000 USD
Job Summary The Investment Analyst will support the Director, Investments to help produce all investment related deliverables, including researching new investment ideas, strategic- and tactical asset allocation, and day…
Est. 85,000 USD
Job Summary This position is a senior level position performing various duties related to the financial reporting process for Fidelity & Guaranty Life and subsidiaries. Areas of responsibility include preparation of…
Job Summary This position plays a key role in the organization by managing business application solution delivery in support of F&G’s strategic goals and objectives. A sizable component of the position is leading tec…
Job Summary The VP, Assistant Treasurer will serve as a key member of the Finance leadership team and is responsible for developing and executing enterprise-wide liquidity, funding and capital markets strategies that sup…
Est. 85,000 USD
Job Summary The Sr. Investment Accountant is responsible for performing various duties related to accounting and reporting for investments. This position is part of the Close and Analysis team within the organization’s I…
Est. 150,000 USD
Job Summary The Director, Hedging is responsible for supporting and executing the development and enhancement of hedging strategies and analytical capabilities across the derivatives portfolio to guide F&G's derivati…
Est. 120,000 USD
Job Summary The Actuary's primary responsibility is to maintain actuarial models used at F&G and managing the governance and controls around the actuarial model change management process. This position is a Director…
Est. 140,000 USD
The AVP, Enterprise Outsourcing Effectiveness is a critical, strategic role accountable for enterprise outsourcing outcomes including strategic alignment, performance and quality, risk and compliance, and cost effectiven…
Est. 79,824 USD
Job Summary The Sr. Desktop Analyst provides hardware, software, and application support for Windows and Mac devices and conducts desktop and laptop imaging and software deployment. In addition, this role will manage rel…
Est. 80,000 USD
Job Summary This position, while responsible for developing new and existing relationships and will provide equal level of pro-active, high-end support to the National Accounts VP and key Specialty Brokerage accounts. Un…
Est. 85,000 USD
Job Summary This position provides leadership to the annuity new business case management team, which serves as the point of contact for our agents, agencies, and IMOs. This individual will research, document and resolve…
Est. 120,000 USD
Job Summary The Actuary, Asset Projections is responsible for supporting the production, analysis, and communication of inforce and scenario-based asset projections. This role ensures that asset projection modeling deliv…
Est. 85,000 USD
Job Summary The purpose of this Sr. Business Analyst position is to facilitate the analysis, design, and implementation of eApplication (Electronics Order Entry) platform solutions. These solutions will support internal…
Job Summary This position is responsible for executing model change management processes in compliance with established governance policies and procedures. This position will collaborate with various teams to understand,…
Est. 120,000 USD
Job Summary Actuary, Model Validation develops and maintains our Microsoft Excel based model validation tools for various use cases and product lines. The tools are essential to our governance process and need to be main…
Job Summary The Sr. Software Engineer - External Data Integrations will code, test, and document software solutions and perform tests to validate the code. This role will write progressively complex code and independentl…
Est. 95,000 USD
Job Summary We are seeking a Senior QA Analyst to help lead a transformation of our Quality Engineering practice. This visible role oversees test deliverables and contract testers, while driving domain quality strategy,…
Please submit a general application to let us know what you're interested in, thanks!Additional Information Work Environments F&G believes in an employee-centric flexible environment, which is why we offer the abilit…
Est. 150,313 USD
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have…
Est. 254,375 USD
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have…
Est. 92,500 USD
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have…
Est. 92,500 USD
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have…
Est. 125,000 USD
Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transf…
Est. 95,000 USD
Overview: SageSure is seeking a Senior Financial Reporting Accountant to support the development and execution of the Company’s accounting and financial reporting functions. The role is instrumental in preparing accurate…
Est. 150,000 USD
Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transf…
Est. 125,000 USD
Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transf…
Est. 215,063 USD
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have…
Est. 110,000 USD
Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transf…
Est. 87,213 USD
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have…