Director Qualified Hedging

Reinsurance Group Of America, Incorporated; Chesterfield (MO); On-site; USD 123,000 - 185,000; Full time

Job summary

An established industry player is seeking an Executive Director for Qualified Hedge & Derivative Accounting. In this impactful role, you will develop and maintain hedge accounting practices, manage derivative accounting, and ensure the integrity of financial reporting. Join a purpose-driven organization that values innovation and collaboration, where you can leverage your extensive experience in accounting and derivatives. This is a unique opportunity to contribute to a multinational team dedicated to making financial protection accessible to all. If you are a motivated leader with a passion for problem-solving, this position offers vast career potential and the chance to work alongside caring colleagues worldwide.

Benefits

Annual bonus plan

Long-term equity incentive plan

Full range of health benefits

Retirement benefits

Qualifications

• 10+ years of experience in accounting or auditing with a focus on derivatives.
• Strong knowledge of GAAP accounting and project management skills.

Responsibilities

• Manage derivative accounting and ensure qualified hedge accounting.
• Analyze hedge effectiveness and set up new hedging strategies.

Skills

Qualified hedge accounting

Insurance accounting

Auditing

Investment accounting

Project management

Communication skills

Advanced Excel skills

Negotiation skills

Education

Bachelor’s Degree in Accounting/Finance

Master’s Degree

CPA certification

Tools

Findur

Job description

You desire impactful work.

You’re RGA ready

RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

The Executive Director Qualified Hedge & Derivative Accounting is responsible for developing and maintaining hedge accounting practices across the organization. This requires assessing system capability, writing accounting specifications and testing plans, assisting IT in implementation and user acceptance testing, and delivering ready-to-use accounting solutions in Findur and other supporting systems. It also involves prototyping solutions and providing training on new methodologies.

Responsibilities

• Manage derivative accounting for qualified derivatives and appropriately achieve qualified hedge accounting on cash flow hedges, fair value hedges and on net investment in foreign operations.
• Analyze and run hedge effectiveness testing for prospective and active qualified hedges.
• Set up new qualified hedging strategies in derivative system and document Hedge Designation Memos for new qualified strategies.
• Develop new monitoring system of bond cash flow hedging.
• Support risk committee reporting for derivatives.
• Perform primary testing of new hedging structures/tables/accounting used in new qualified hedging strategies.
• Assist in developing new tools and processes to support accounting needs including derivative positions and their adjustments to other parts of the balance sheet or income statement.
• Develop accounting infrastructure and processes to incorporate current and evolving derivative strategies.
• Provide training support for newly developed system tools, accounting rules, use of hedge accounting module, and other new related tools.
• Contribute to new deal process including supporting new instrument types, currencies, and hedge accounting methodologies.
• Establish, monitor and ensure integrity of data and reports, quality goals, ensuring quality Investment Accounting practices and communication to associates and management.

Requirements

Education and Experience

Required:

• Bachelor’s Degree in Accounting/Finance or equivalent related work experience.
• 10+ years accounting or auditing experience w/ derivative accounting experience and advanced experience in GAAP accounting.
• 5+ years management experience.

Preferred:

• Master’s Degree.
• CPA certification.
• Progress towards FLMI or CFA Charter.
• 5+ years insurance/reinsurance or financial services accounting experience.

Skills and Abilities

Required:

• Must have proven qualified hedge accounting experience.
• 10+ years insurance accounting, auditing, investment or derivative accounting experience.
• Strong knowledge of derivative instruments including structure of cashflows and usage cases and experience accounting for them.
• Independent project management or system management skills.
• Strong foundation in accounting theory and practices with the ability to learn and apply key principles quickly.
• Highly motivated self-starter who takes great pride in solving problems, testing results and providing feedback to resolve immediate and strategic issues.
• Demonstrated ability to deal effectively with complex business scenarios.
• Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions.
• Strong business knowledge including broad investments business practices.
• Excellent written, oral and communication skills.
• Advanced ability to translate business needs into viable solutions.
• Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
• Organized person capable of balancing multiple projects and shifting priorities.
• Good negotiation and persuasion skills.
• Advanced Word and Excel skills.

Preferred:

• Experience as client facing consultant/professional.

What you can expect from RGA:

• Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
• Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
• Join the bright and creative minds of RGA, and experience vast, endless career potential.

Compensation Range:

$123,500.00 - $184,050.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.