Director, Accounting Advisory

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

• Bachelor’s degree in accounting required
• 8+ years of relevant work experience
• CPA preferred
• 3 years of leadership experience preferred
• Big 4 experience in the insurance audit practice or an accounting advisory role that focuses on accounting for insurance products and revenue recognition would be a plus.

Knowledge, Skills and Abilities

• Extensive knowledge for reinsurance and life insurance and annuity product accounting, as well as revenue recognition and goodwill/intangible asset accounting under GAAP and Statutory
• Strong understanding of GAAP and STAT accounting requirements, with life insurance and reinsurance accounting experience
• Experience researching accounting guidance or previous accounting policy experience
• Strong analytical, organization 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

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Minimal travel required

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