VP, New Transaction Finance Integration
About The Position
The VP, New Transaction Finance Integration supports the financial integration of new transactions, including legal entity acquisitions and formation, reinsurance transactions, and certain investment transactions such as securitizations, debt issuance, and complex investment structures. Reporting to the SVP, New Transactions Finance Integration, the role executes initiatives involving accounting considerations, financial reporting, audit compliance, internal controls, and financial analysis. It also oversees integration of deals into the company’s reinsurance, investment, and general ledger systems. The position ensures that new transactions and business initiatives align with internal control frameworks, accounting policies, financial reporting requirements, and organizational strategy. The role works across finance, accounting, operations, technology, investment, actuarial, and other teams to manage integration plans, controls, systems, reporting, and documentation. It also supports standardization and continuous improvement of the company’s transaction integration processes, including the use of AI in integration.
Requirements
- Bachelor’s degree in Finance or Accounting.
- CPA or equivalent certification.
- 10–12 years of experience in accounting, audit, or financial project management within insurance, reinsurance, or financial services.
- Strong understanding of ICFR, audit practices, US GAAP, and financial reporting controls.
- Extensive knowledge of Life and Annuity insurance products and related accounting.
- Extensive knowledge of reinsurance transaction structures, including coinsurance, modified coinsurance, and FWH.
- Experience managing large-scale integration or financial transformation projects.
- Familiarity with capital markets transactions and debt issuance processes.
- Excellent communication, analytical, and stakeholder management skills.
- Proficiency with financial systems and general ledger platforms.
- Strong project management and issue-resolution skills.
- Strong communication and interpersonal skills, with the ability to build relationships and collaborate effectively across all levels of the organization.
- Deep audit and control acumen.
- Strong attention to detail and documentation discipline.
- Agile approach to process improvement and integration.
- Strong accountability and proactive problem-solving.
- Growth mindset with a commitment to continuous improvement and innovation.
Responsibilities
- Support execution of integration activities across multiple new transaction types under the direction of the SVP, New Transactions Finance Integration.
- Manage finance integration project plans, deliverables, and timelines, ensuring milestones are met within cost and time budgets and supporting broader business integration plans.
- Coordinate with finance, accounting, operations, and technology teams to deliver integrated solutions for new business initiatives.
- Develop and implement an integration playbook to standardize how new transactions are integrated into financial systems and processes.
- Identify and escalate blockers, risks, and dependencies to senior leadership, and provide progress reports, status updates, and documentation.
- Maintain and update the ICFR program for new transactions in partnership with Accounting Policy, Financial Controls, and Audit.
- Support internal and external audit processes and ensure control designs and testing documentation are complete and compliant.
- Assist with control buildouts for new entities, reinsurance transactions, complex investments, and new accounting considerations.
- Partner with Accounting Policy, Controllers, Financial Reporting, and Finance Transformation teams to document and test general ledger changes across US GAAP, US STAT, Management (non-GAAP), and Bermuda SFS/EBS accounting bases.
- Develop illustrative journal entries, including cost and revenue elements and profit center coding, in collaboration with Accounting Policy.
- Support the design and implementation of accurate reporting and disclosure requirements for new transactions and legal entities.
- Reconcile new transaction data across financial statements, actuarial valuation models, and reporting systems, ensuring accuracy and policy compliance.
- Facilitate the Structured Transaction Working Group to support the CIO in evaluating new, complex investment transactions.
- Partner with investment accounting, investment operations, and Clearwater teams to onboard new portfolios and mirror or cession investment structures.
- Coordinate data and control requirements for new investment assets and reinsurance-related entities.
- Support accounting setup, valuation processes, and reporting for capital market and securitization transactions.
- Partner with reinsurance accounting, actuarial, and IT teams to onboard new reinsurance transactions and coordinate related data and control requirements.
- Leverage AI in integration.
- Develop and maintain business requirement documents and process maps supporting finance integration and control design.
- Ensure consistency with company accounting policies, internal controls, and regulatory requirements.
- Prepare detailed methodology memoranda bridging accounting policy memos, business requirements, and financial control documentation for new transactions.
- Collaborate with senior stakeholders to align integration workstreams with the standard process framework being developed under the SVP’s leadership.
- Provide input to corporate development, pricing, legal, and reinsurance operations teams on transaction terms and processes that enable more efficient and accurate integration.
- Participate in lessons-learned reviews to improve future integration processes and controls.
Benefits
- Annual bonus based on company and individual performance.
- Generous benefits package.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
