AVP, Accounting Policy

Wilton ReNorwalk, CT
71d$160,000 - $195,000Hybrid

About The Position

Wilton Re is an industry leader in the life (re)insurance space, specializing in the acquisition of in force life insurance and annuities. We are experienced industry specialists focused on the risk, capital and operational needs of our clients' businesses. We provide our clients with the services they need from in force transactions and product development to underwriting and new business strategies. Wilton Re has the resources and expertise to pursue and successfully manage the largest life and annuity transactions in the market. The AVP, Accounting Policy role will support the continued growth and complexity of the organization as the Company continues to transform its finance function for sustainable growth. The AVP, Accounting Policy will be the primary source for technical accounting research, interpretation and application of current and pending accounting guidance. This person will play an important leadership role within finance by maintaining compliance with required accounting standards, as they relate to technical accounting issues and questions, new transactions and projects, and the implementation of new accounting standards. The AVP, Accounting Policy will also assist with the preparation and review of various US GAAP and Statutory financial statements, as well as compliance with relevant internal controls under Sarbanes-Oxley.

Requirements

  • 7+ years of progressive, relevant experience in accounting
  • 3+ years of experience in technical accounting role a plus
  • Big 4 public accounting experience or combination of public and private experience
  • Experience with Life Insurance and Reinsurance accounting required
  • Subject matter expert in US GAAP technical accounting, including experience with ASC 944, ASC 805, ASC 810, ASC 323, ASC 820, as well as experience with CECL and LDTI
  • Subject matter expert in US Statutory technical accounting, including experience with SSAP 26, SSAP 43, SSAP 86, SSAP 51, SSAP 61, SSAP 56
  • Advanced ability to research and interpret US GAAP and US Statutory technical accounting guidance, as well as develop and document accounting policies based on this research
  • Proactive self-starter with the ability to work independently to accomplish objectives and meet deadlines
  • Strong advisory/consultative skills with a service mindset and the ability to build key working relationships with finance department teams
  • Experience implementing accounting standards and special projects a plus
  • Strong organizational, problem solving and project management skills
  • Attention to detail and risk-based analytical thinking
  • Flexibility in adapting to a non-routine and fast paced environment
  • Ability to identify, escalate and respond quickly to unexpected challenges and opportunities
  • Strong writing, presentation and communication skills and ability to easily explain complex accounting issues and conclusions to a variety of audiences
  • Proficient in Microsoft Office suite
  • Experience with other accounting software a plus (i.e. BlackLine, NetSuite, Workiva)
  • Bachelor's degree in Accounting required
  • CPA designation required

Responsibilities

  • Plan, conduct, manage and coordinate research and written documentation of technical accounting issues and reporting matters regarding technically complex transactions, new business initiatives, acquisitions, and new contracts
  • Partner with entity and divisional controllers and other finance department areas (investment accounting, tax, actuarial, etc.) in providing accounting expertise to achieve financial integrity
  • Lead the company's efforts in evaluating and implementing new accounting pronouncements relating to US GAAP and Statutory accounting
  • Keep up to date on new and emerging technical accounting and related regulatory developments and provide interpretation of new guidance to assist management in evaluating financial and operational impact, including NAIC blanks changes for year-end statutory annual statement reporting
  • Represent the Company at industry meetings, including the American Council of Life Insurers (ACLI) accounting committee
  • Support the financial reporting team with quarterly and annual financial statements and filings
  • Assist with the preparation and review of quarterly and annual financial reporting for US GAAP financial reports, including the consolidated GAAP audited financial statements
  • Support the year-end audit process and partner effectively with internal and external auditors, providing support and guidance as necessary
  • Collaborate with other stakeholders in the Company to partner and execute on finance related projects and initiatives, as assigned from time to time
  • Provide training to management and staff across the organization on technical accounting policies and relevant accounting topics

Benefits

  • Competitive vacation and sick time, including company-paid holidays, floating holidays and early closing days
  • 401(k) plan with employer contribution - US Employees Only
  • Profit Sharing Program
  • Competitive parental leave
  • Health, vision, dental, and life insurance, including access to health and wellness programs
  • Actuarial Development Program (ADP) for Actuarial employees taking exams
  • Employee Assistance Program (EAP)
  • Current hybrid working environment
  • Employee Engagement Events and various committees on site to join

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What This Job Offers

Job Type

Full-time

Career Level

Mid Level

Industry

Insurance Carriers and Related Activities

Number of Employees

101-250 employees

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