Job Description
Job Summary
The Annuity Reinsurance Administration Analyst is responsible for performing various duties to ensure accurate and timely reporting with annuity reinsurers. This includes preparing journal entries and required settlement reporting for annuity reinsurance treaties and having a thorough understanding of the treaties.
This position reports to the Manager, Annuity Reinsurance Accounting & Administration.
Duties & Responsibilities
- Participate in many aspects of annuity reinsurance accounting and reporting, from the initial recording/coding of treaties to the monthly/quarterly processing and accounting/reporting
- Prepare accounting/reporting entries and settlement reports for annuity treaties
- Partner with various areas to implement new reinsurance treaties / amendments
- Perform timely and accurate reconciliation of reinsurance accounts, making necessary adjustments as appropriate
- Perform annuity reinsurance internal controls
- Gain a thorough understanding of the underlying reinsurance processes and the types of treaties and arrangements in place
- Assist with internal, external, and reinsurer audits
- Maintain key stroke level standard operating procedures
- Continuously evaluate processes and controls in order to create operational efficiency
- Assist with ad hoc requests, special projects and other duties related, as assigned
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
- 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
- Experience analyzing and understanding key data and technical accounting
- 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
- Strong problem-solving skills
- Champion process improvement and automation activities
- Proficient in database and excel skills
- Strong attention to detail
Minimum Qualifications
- Bachelor’s Degree in Accounting or Finance
Years of Experience
- 1+ year of relevant experience in reinsurance accounting or financial reporting
- Reinsurance accounting with annuities or financial services industries preferred
License/Certification
- CPA license or in pursuit of such license preferred
Other Requirements
- This position primarily involves sedentary work, requiring long periods of sitting, regular use of a computer, and occasional standing or walking, with reasonable accommodations available.
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
Ability to travel up to: 10% of the time
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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 [email protected].
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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