Director, Life Reinsurance Accounting & Administration

Summary

Join Fidelity & Guaranty Life Insurance Company (F&G) as the Director, Life Reinsurance Accounting & Administration (RA&A) and oversee all aspects of life reinsurance accounting and administration. You will partner with reinsurance leadership to evaluate and operationalize new transactions, collaborate with internal partners to recommend solutions for complex transactions, and prepare significant reinsurance settlements. This role involves serving as the initial point of contact for various departments, participating in strategic planning, and developing key performance indicators. You will lead process enhancements, partner with the Financial Reporting team, and direct the review of reinsurance data within financial statements. The position also includes managing a team of subject matter experts and contributing to corporate modernization projects.

Requirements

• Bachelor’s degree in Accounting
• Minimum 8 years of experience in financial reporting, accounting or reinsurance administration
• Minimum of 3 years of leadership or management experience
• Exceptional reinsurance operational accounting skills
• Deep knowledge of reinsurance administration for insurance companies
• Highly motivated and demonstrated ability to take initiative
• Ability to work both independently and to collaborate with others
• Ability to influence in absence of formal reporting relationships
• Experience analyzing and understanding key data
• Ability to effectively prioritize multiple tasks/projects to meet critical deadlines
• Ability to effectively manage large teams with subject matters experts and individual contributors
• Strong problem-solving skills
• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel may be required (less than 10%)

Responsibilities

• Oversee and direct all Life reinsurance business-as-usual accounting and administration activities
• Partner with reinsurance leadership (Actuarial, Financial Reporting, Investments, etc.) in order to evaluate / design and successfully operationalize new reinsurance transactions
• Collaborate with internal business partners to recommend solutions and / or make business decisions regarding complex reinsurance transactions
• Oversee the preparation of significant reinsurance settlements and participates in the associated disbursement processes (Treasury, Investments, etc.)
• Serve as the initial point of contact for both line-of-business reporting segments and other operational departments (i.e. Financial Reporting, Investment Accounting, etc.)
• Participates in strategic planning with department leaders and is primarily responsible for execution of the strategy through others
• Develop, implement and monitor key performance indicators to continuously assess the department’s operational efficiency and effectiveness
• Drive collaboration with line-of-business leadership by providing reinsurance operational accounting and administration information impacting their results
• Lead continuous process enhancement reviews in order to identify, implementation and maintenance reliable, repeatable, sustainable, scalable and streamlined operations
• Partner with the Financial Reporting team to ensure integration of the reinsurance settlement processes with financial reporting activities
• Direct the review of certain reinsurance data contained within the financial statements and disclosures
• Oversee or participate in corporate modernization and financial operation transformation projects
• Ownership of design and execution of RA&A internal controls
• Partner with customers to analyze operational accounting results of key treaties
• Prepare and present recurring and ad hoc reports for Senior Management
• Provides regular coaching, employee development and has a strong focus on team engagement
• Supports leadership in the development and maintenance of a succession plans
• Assist in the establishment and monitoring of the overall department budget

Preferred Qualifications

• Experience with accounting for insurance and / or reinsurance administration
• CPA license

Benefits

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