Manager, Accounting Advisory

F&G; United States; Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

In-office, Hybrid and Remote work

Flexible work arrangements

Job summary

F&G is seeking a Manager, Accounting Advisory – Investments to join the Accounting Advisory team. The role focuses on GAAP and statutory reporting for F&G and its insurance carriers, providing accounting guidance for bonds, mortgages, derivatives, and equity investments, and influencing new investment structuring.

The position requires strong analytical abilities, cross-functional collaboration, and ability to work with stakeholders to educate and implement accounting guidance across the

Qualifications

• Bachelor's degree in accounting required.
• 7+ years of relevant experience in accounting or advisory roles.
• Extensive knowledge of insurance company investment accounting topics strongly preferred.
• Big 4 experience in insurance audit or investment advisory is a plus.

Responsibilities

• Evaluate and document GAAP and statutory accounting implications for new investments and existing portfolios.
• Monitor changes to GAAP and statutory guidance and advocate for Company positions.
• Prepare documentation supporting accounting positions and policy development.
• Collaborate with audit teams to educate on new transactions or standards.
• Provide education on accounting requirements to stakeholders across the organization.

Skills

Analytical skills

Organizational skills

Communication

Independent work

Research accounting guidance

Judgment

Relationship building

Flexibility

Time management

Leadership in discussions

Education

Bachelor's degree in accounting

7+ years of relevant experience

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 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), participating in cross-functional teams with investment-related financial reporting implications and influencing structuring of new investments. The position is also responsible for the recognition and ongoing accounting for new investments or asset classes acquired by F&G, along with the monitoring and implementation of emerging accounting guidance impacting investments.

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 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), participating in cross-functional teams with investment-related financial reporting implications and influencing structuring of new investments. The position is also responsible for the recognition and ongoing accounting for new investments or asset classes acquired by F&G, along with the monitoring and implementation of emerging accounting guidance impacting investments. As a core contributor to the team, this position will become a key point of contact for professionals throughout the organization for accounting inquiries. This position will report to the AVP, Accounting Advisory 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 & Responsibilities

• 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. This also includes assessing new investments under Statutory guidance as part of the principles-based bond definition.
• Monitor proposed changes to GAAP and Statutory accounting guidance and serve as participant and advocate for the Company’s positions on industry group calls. Utilize information gained to educate stakeholders throughout the organization and work cross-functionally to ensure the Company is appropriately aware of the impacts of all relevant accounting literature.
• Prepare documentation to support accounting positions taken related to new accounting standards documenting the appropriate GAAP and Statutory accounting and financial reporting requirements.
• Support the creation and maintenance of the Company’s accounting policies.
• Work directly with audit team to educate and advocate for positions related to new transactions or new accounting standards.

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

• 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.
• Ability to lead conversations and provide documentation in a clear and concise manner

Education/ Experience

Bachelor's Degree in accounting required

7+ years of relevant experience

• Experience researching accounting guidance or previous accounting policy experience.
• Extensive knowledge of 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.

#IND-HP

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 [e-mail].

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.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

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