Manager, Accounting Advisory

Job Summary

The Manager, Accounting Advisory 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 will be responsible for evaluating, provides accounting advice, and documenting accounting positions for life and annuit products issued by F&G.  Additionally, it manages revenue recognition matters associated with certain insurance and annuity product distributors acquired or owned by F&G.  It also manages recognition and ongoing accounting for goodwill and intangibles resulting from acquisitions or recorded 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 and will work cross functionally with our various retail and business development teams, along with business partners within the Finance organization.

Duties and Responsibilities

• Participate on cross-functional teams involved in:

1. Launching new products to market by ensuring awareness and understanding of the financial reporting outcomes generated, and
2. Acquisition of insurance and annuity product distributors by assessing and analyzing the appropriate revenue recognition and recognition of intangible assets and goodwill.
3. Monitoring of changes surrounding existing products to ensure appropriate accounting conclusions are reached for any applicable updates, as well as ensuring proper treatment surrounding internal replacement guidance for insurance products.

• Evaluate and document appropriate GAAP and Statutory accounting and financial reporting requirements for new retail and institutional product offerings, existing products, and acquisition activities.

• 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 goodwill and intangible asset impairment.

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 life insurance and annuity product accounting, as well as revenue recognition and goodwill/intangible asset accounting under GAAP and Statutory strongly preferred.
• Big 4 experience in the insurance audit practice or an accounting advisory role that focuses on accounting for insurance products and revenue recognition would be 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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