Director Life Reinsurance Accounting Administration
Director Life Reinsurance Accounting Administration
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Salary Not Disclosed
1 Vacancy
Job Description
Job Summary
The Director Life Reinsurance Accounting & Administration (RA&A) will perform various duties to ensure accurate and timely operational accounting settlement statements and administration of complex reinsurance transactions. This position will play a key role in the initial and ongoing activities of corporate strategic reinsurance treaties. Overall areas of responsibility include:
The Director Life RA&A will report to the AVP Reinsurance and operate in a matrix environment to accomplish their objectives. This position will collaborate with various departments across the Company including Financial Reporting Actuarial Investments Investment Accounting Treasury etc. as well as the Retail operational business segment. This position will manage a team of experienced subject matter experts and/or individual contributors.
Duties and Responsibilities
- Oversee and direct all Life reinsurance businessasusual 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 lineofbusiness 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 of the strategy through others
- Develop implement and monitor key performance indicators to continuously assess the departments operational efficiency and effectiveness
- Drive collaboration with lineofbusiness 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 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
Experience and Education Requirements
- Bachelors degree in Accounting
- Minimum 8 years of experience in financial reporting accounting or reinsurance administration
- Minimum of 3 years of leadership or management experience
- Experience with accounting for insurance and / or reinsurance administration strongly preferred
- CPA license preferred
Knowledge Skills & Abilities
- 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 problemsolving skills
Other Requirements
- Perform other functions duties and projects as assigned
- Regular and punctual attendance
- Some travel may be required (less than 10
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Additional Information
Work Environments
F&G believes in an employeecentric flexible environment which is why we offer the ability for inoffice hybrid and remote work arrangements. During the hiring process youll 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
Join our employeecentric 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 lifes 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
2Des Moines Register Top Workplaces
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Required Experience:
Director
Employment Type
Full Time
