Manager, Investment Accounting - Derivatives
Manager, Investment Accounting - Derivatives
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1 Vacancy
Job Description
Job Summary
The Manager Investment Accounting Derivatives is responsible for the oversight of the transaction processing accounting and analysis of complex derivative investments held by the insurance company. This position requires strong Statutory and GAAP accounting and reporting knowledge for derivatives investments (futures currency swaps credit default swaps options currency forwards interest rate swaps etc.) to support timely and accurate accounting.
This position reports to the Director Investment Accounting and will interact with all levels of Senior Management. This position will lead a small team of derivative investment accounting professionals and work closely with an external third-party investment accounting administrator external investment managers and internal stakeholders.
Duties and Responsibilities
- Oversee accounting and analysis for all of the derivative instruments held by the Company.
- Collaborate with the F&G Accounting Advisory team to develop operational processes to accurately account for new derivative instruments in order be compliant with STAT and US GAAP accounting guidance. This includes assisting the Company with operationalizing a hedge accounting program.
- Lead initiative to research and gather operational accounting and reporting requirements for new derivative instruments communicate requirements to impacted individuals/teams and ensure derivatives are on-boarded correctly into external third-party accounting system based on these requirements.
- Review data reports and reconciliations of derivative related general ledger accounts. This includes working closely with the third-party accounting administrator to research and resolve variances and reconciling items.
- Develop and maintain analysis of derivative investment results and partner with the FP&A team and investment managers to explain derivative results each monthly reporting period
- SOX Control Owner for derivative accounting processes. Responsible for ensuring the processes are properly documented as to policies procedures and controls. Support auditors and internal controls team during their test work
- Continuously challenge and improve processes to drive efficiencies in accounting processes and the production of deliverables.
- Leads staff development/education with regard to understanding of risk management strategies derivative positions and related impact on day-to-day responsibilities.
Experience and Education Requirements
- Bachelors degree in accounting or finance
- Minimum of 7 years of accounting experience required
- Minimum of 3 years experience with accounting for complex derivative instruments and hedge accounting is required.
- Leadership experience preferred
- CPA CFA or MBA preferred
- Industry experience in life insurance or financial services industries preferred
Knowledge Skills & Abilities
- A solid understanding of the accounting requirements for derivative investment products in accordance with statutory and GAAP accounting principles.
- Strong communication organization and analytical skills
- An ability to handle multiple complex tasks and prioritize in a fast-paced environment
- Ability to balance the day to day accounting requirements with the value-added role supporting management in planning and executing the business plan
- Expertise to improve processes and utilize technology to make procedures and processes more efficient
- Self-directed individual who works well with teams
Other Requirements
- Perform other functions duties and projects as assigned
- Regular and punctual attendance
- Some travel required (less than 10%)
#IND-HP
#LI-MK1
#LI-Remote
Additional Information
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 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 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 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:
Manager
Employment Type
Full Time
