Manager, Accounting Advisory- 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’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:

1. Evaluating new bespoke investments presented by asset managers by ensuring awareness and understanding of the financial reporting outcomes generated.
2. 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%).

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