Full-Time

Life Reinsurance Accountant

Posted on 10/1/2024

F&G

F&G

501-1,000 employees

Provides life insurance and annuities

Financial Services

Junior, Mid

Remote in USA

Category
Cost Accounting
Financial Accounting
Management Accounting
Accounting
Requirements
  • A Bachelor’s degree in Business Administration, Accounting, or related field or equivalent experience.
  • 1 - 3 years in Life reinsurance accounting and information technology.
  • Financial systems knowledge and familiarity with databases and complex excel spreadsheets.
  • Knowledge of TAI a plus.
  • Reinsurance, insurance or financial services experienced preferred.
Responsibilities
  • Perform Life Reinsurance Accounting financial, operations, information technology, data quality, and internal control activities.
  • Assists with the monthly/quarterly financial statement close activities including, but not limited to, journal entry preparation, account reconciliations, and analysis of reinsurance accounts.
  • Works with the Senior Reinsurance Accountant for feedback and process improvements.
  • Prepare and monitor Life treaty economic reviews for key reinsurance partners.
  • Assist in developing, implementing and monitoring key Life performance indicators to continuously assess the department’s operational efficiency and effectiveness.
  • Perform continuous process enhancement reviews in order to identify, implement and maintain reliable, repeatable, sustainable, scalable and streamlined operations.
  • Assist in preparing Life internal, external, and reinsurer audit requests and activities.
  • Align department processes with customer needs; become a strategic finance business partner.
  • Maintain and / or enhance internal controls and sustain standard operating procedures.
  • Other projects as assigned.
  • Participate in modernization and financial operation transformation projects.
  • Assist in developing and implementing Life reinsurance new treaty implementation processes.
  • Perform user acceptance testing for key reinsurance modernization efforts.
  • Contribute to modernization activities between a variety of F&G teams (IT, EPMO, etc.).
  • Test the effectiveness of procedures being documented by EXL.
  • Participate in the assessment of potential reinsurance system upgrades.
  • Prepare ad hoc reports regarding reinsurance modernization activities.
  • Perform special projects as assigned.

F&G provides life insurance and annuities, focusing on helping individuals achieve financial stability and plan for their future. The company works closely with financial advisors and agents to create customized financial products that cater to the unique needs of their clients. With a strong presence in the U.S. market, F&G serves over 700,000 customers and collaborates with 44,000 licensed agents. Unlike many competitors, F&G emphasizes collaboration and empowerment, aiming to be a trusted partner in financial prosperity. The company is recognized for its reliability, holding high ratings from AM Best and S&P Global.

Company Stage

IPO

Total Funding

N/A

Headquarters

Des Moines, Iowa

Founded

1959

Simplify Jobs

Simplify's Take

What believers are saying

  • F&G's investment in Quility enhances technology and accessibility for agents and clients.
  • The $250 million investment from FNF strengthens F&G's financial position and growth potential.
  • F&G's cash tender offer aims to optimize financial structure and boost investor confidence.

What critics are saying

  • Loss of key personnel like Luke Christenson may impact annuity distribution capabilities.
  • The MOVEit data breach lawsuit could lead to financial liabilities and reputational damage.
  • Investment in Quility poses a risk if expected technological returns are not realized.

What makes F&G unique

  • F&G specializes in life insurance and annuities, focusing on tailored financial products.
  • The company collaborates with 44,000 licensed agents to serve over 700,000 clients.
  • F&G holds an A rating from AM Best and S&P Global, indicating high industry standards.

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