The Lead Annuity Reinsurance Accounting & Administration (RA&A) Analyst will perform various duties to ensure accurate and timely operational accounting, settlement statements, and administration of complex new / amended reinsurance transactions. This position will play a key role in the initial execution and ongoing activities of corporate strategic reinsurance treaties.
The Lead, Annuity RA&A will report to the Director, Reinsurance Accounting & Administration. This position will collaborate with various departments across the Company including Financial Reporting, Actuarial, Investment Strategy, Investment Accounting, Treasury, etc. as well as the Retail operational business segment. This position will lead a team of 1-2 individual contributors.
Duties and Responsibilities
Direct all Annuity reinsurance treaty set-up operational accounting and administration activities
Collaborate with internal business partners to recommend solutions and / or make business decisions regarding new / amended complex reinsurance transactions
Serve as the initial point of contact for new / amended reinsurance treaty business partners (i.e. Financial Reporting, Investment Accounting, etc.)
Participate in strategic departmental planning and is 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
Partner with reinsurance leadership (Actuarial, Financial Reporting, Investments, IT etc.) in order to evaluate / design and successfully operationalize new reinsurance transactions
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
Lead significant settlement statement disbursement activities / discussions with key business partners (Treasury, Investments, Investment Accounting, Offshore leadership, etc.)
Partner with the Financial Reporting team to ensure integration of the reinsurance settlement processes with financial reporting activities
Review certain reinsurance data contained within the financial statements and disclosures for GAAP and Statutory purposes
Partner with off-shore leadership to provide information regarding treaty settlement statements and associated activities
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 management
Provides regular coaching, employee development and has a strong focus on team engagement
Lead and / or participate in a variety of special projects
Experience and Education Requirements
Bachelor's degree in Accounting
Minimum 5 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
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
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 employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll 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 talentacquisition@fglife.com.
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 life's 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 2022 - 2023
2Des Moines Register Top Workplaces 2018 - 2022
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