Job Description
Job Summary
This position will support the development of the financial plan and financial reporting for Peak Altitude. This role will also focus on supporting the execution of due diligence and integration procedures, as applicable, for acquisitions of partner distribution entities (PDE) identified.
Organization
This position currently has one direct report, with the potential for additional direct reports as the team grows.
This position reports directly to the Director, Peak Altitude Finance, and will work closely with PDE Finance Department personnel. This position will collaborate with team members within finance, IT and other shared services departments to build and implement the Peak Altitude financial plan and ensure timely and accurate financial reporting.
Duties and Responsibilities
Financial Reporting
- Review of financial information, including financial statements and management reports, for Peak Altitude
- Manage the process to ensure timely and accurate reporting of financial results for Peak Altitude
- Keep up to date with accounting regulations and guidance and ensure Peak Altitude is compliance with guidance
- Identify relevant GAAP accounting standards for financial reporting, purchase accounting and integration activities to ensure accurate accounting policies and processes are established and/or maintained
- Assist with requests of both internal and external auditors
- Establish strong working relationships with PDE finance and other senior leader(s) to promote transparency in financial reporting
- Assist with ad hoc requests and other duties related to financial reporting and analysis, as assigned
Integration
- Support the Finance Department’s due diligence process for potential acquisition opportunities identified for the Peak Altitude
- Advise and/or support PDE to transition from cash to GAAP accounting, as applicable
- Evaluate data and process needs to ensure accurate and complete financial reporting for PDE and Peak Altitude
- Liaison with F&G FP&A, Treasury, Financial Reporting, and Tax to ensure all F&G financial reporting needs are met for all PDE
- Collaborate with F&G Internal Audit & Financial Controls to identify and implement, as necessary, an internal control framework around the financial reporting process of the PDE and within Peak Altitude
- Work with F&G Accounting and IT departments along with PDE to ensure proper financial reporting data flow
- Advise in the development of process improvements (e.g., use of technology to drive automation) and efficiencies for flexible, scalable and accurate processes
Financial Planning
- Develop and manage timelines for an efficient, comprehensive process to produce financial projections and budget amounts for each PDE
- In partnership with the Director, Peak Altitude Finance, hold providers of plan deliverables accountable for delivery on a timely basis
- Manage the process for the production and distribution of aggregated GAAP projections and analysis across all PDE, considering material nonpublic information (MNPI) requirements
- Establish a comprehensive understanding of key business performance drivers
- Understand expense drivers for Peak Altitude as well as for each PDE and represent projected expenses accurately in the plan
Experience and Education Requirements
- Bachelor’s degree or commensurate experience required
- Strong accounting background required
- 7+ years’ operations experience in life insurance and annuity company and/or life insurance and annuity distribution company required
- Experience in financial plan preparation preferred
- Experience with M&A financial due diligence a plus
- Experience in independent life insurance and annuity distribution (IMO) financial reporting (Statutory and GAAP) preferred
- Experience in life insurance and annuity company financial reporting preferred
- Knowledge of life insurance and annuity products preferred
- Experience in end-to-end process design, project/product management/ownership preferred
- Experience with projections, general ledgers, databases and report writing
- Experience with Excel and PowerPoint required
Knowledge, Skills and Abilities
- Strong interpersonal skills – the ability to collaborate with a wide range of teams and individuals to achieve a common goal
- Ability to influence others outside of formal organizational hierarchy
- Inclined to seek and analyze data/information from a variety of sources to arrive at the best decisions and to align others with the organization’s overall strategy
- Ability to lead and excel in a fast-paced production environment while addressing multiple projects and responsibilities
- Excellent communication and presentation skills
- Highly motivated, self-starter & team player with a high energy level and willingness to take on responsibility
- Ability to translate large amounts of data for analysis and transform this into actionable items
- Build trust and camaraderie between team members. Demonstrates strong integrity.
Other Requirements
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
- Limited travel required (<5%)
#LI-JB1
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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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