Job 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’s 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). It participates in cross-functional teams with investment-related financial reporting implications and influences structuring. The position is also responsible for the recognition and ongoing accounting for new investments or asset classes acquired by F&G.As a core contributor to the team, this position will be become a key point of contact for professionals throughout the organization for accounting inquiries.
This position will report to the Director, Accounting Advisory – Investments 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 and Responsibilities
- Participate on cross-functional teams involved in:
- 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.
Monitor GAAP and Statutory accounting guidance updates to assess applicability to the Company.
Disseminate the impact of new accounting guidance throughout the organization and work cross-functionally to ensure the Company is appropriately aware of the impacts of all relevant accounting literature.
Support the creation and maintenance of the Company’s accounting policies.
Execution of assigned controls on a quarterly basis, including those related to accounting for new investments and consolidation.
Experience and Education Requirements
- Bachelor’s degree in accounting required.
- 7+ years of work experience.
- CPA highly preferred.
- Recent Sarbanes-Oxley experience preferred.
- Experience researching accounting guidance or previous accounting policy experience.
- Extensive knowledge for 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.
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.
Other Requirements
- Perform other functions, duties and projects, as assigned.
- Regular and punctual attendance.
- Some travel required (less than 10%).
#IND-HP
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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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