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, this role executes initiatives involving accounting considerations, financial reporting, audit compliance, internal controls, and transaction financial analysis. The VP also oversees integration of each deal into the company’s reinsurance, investment, and general ledger systems. The position helps ensure new transactions and business initiatives align with internal control frameworks, accounting policies, accurate financial reporting, and organizational strategy. The role coordinates finance integration projects across teams; supports ICFR, audits, financial systems, reporting and controls; and contributes to investment and reinsurance transaction onboarding. It also develops documentation and process standards, including an integration playbook, business requirement documents, process maps, and methodology memoranda. The role collaborates with senior stakeholders and other business functions to improve integration processes and transaction terms.
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 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 and commitment to continuous improvement and innovation.
Responsibilities
- Support 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, coordinating them with broader business integration plans and budgets.
- Coordinate with finance, accounting, operations, and technology teams to deliver integrated solutions for new business initiatives.
- Develop and implement a standard integration playbook for bringing new transactions into financial systems and processes.
- Identify and escalate blockers, risks, and dependencies to senior leadership; provide progress reporting, 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 audits, including completing control design and testing documentation.
- Assist with control buildouts for new entities, reinsurance transactions, complex investments, and new accounting considerations.
- Document and test General Ledger changes across US GAAP, US STAT, Management (non-GAAP), and Bermuda SFS/EBS accounting bases with relevant finance teams.
- Develop illustrative journal entries, including cost and revenue elements and profit center coding, in collaboration with Accounting Policy.
- Support design and implementation of reporting and disclosure requirements for new transactions and legal entities.
- Reconcile new transaction data across financial statements, actuarial valuation models, and reporting systems.
- Facilitate the Structured Transaction Working Group to support the CIO’s evaluation of complex investment transactions.
- Partner with investment accounting, investment operations, and Clearwater teams to onboard portfolios and mirror/cession investment structures.
- Coordinate data and control requirements for new investment assets and reinsurance-related entities.
- Support accounting setup, valuation, and reporting for capital market and securitization transactions.
- Partner with reinsurance accounting, actuarial, and IT teams to onboard new reinsurance transactions.
- Leverage AI in transaction integration.
- Develop and maintain business requirement documents and process maps for finance integration and control design.
- Ensure integration work is consistent with company accounting policies, internal controls, and regulatory requirements.
- Prepare methodology memoranda connecting accounting policy memos, business requirements, and financial control documentation.
- 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 to support 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
