What are the responsibilities and job description for the US GAAP Product Owner position at Flexon Technologies Talent360.ai?
Position: US GAAP Product Owner
Location: Frederick, MD – Remote Work
Type of Employment: 12 Months Contract
Role Description:
The US GAAP Product Owner is responsible for driving the design and delivery of financial reporting solutions compliant with US GAAP standards, with a strong focus on LDTI (ASU 2018-12). This role bridges Finance, Actuarial, and Technology teams to ensure accurate, audit-ready reporting for life insurance products.
Key Responsibilities
• Own and manage the product backlog for US GAAP financial reporting systems aligned with LDTI requirements.
• Translate actuarial models and accounting requirements (ASC 944) into clear user stories and technical deliverables.
• Ensure accurate reporting of insurance liabilities, DAC, and premium revenue.
• Collaborate with Finance, Actuarial, IT, and Compliance teams to align product roadmap.
• Validate financial outputs to meet audit and regulatory standards.
• Support LDTI transformation initiatives and ongoing enhancements.
Required Skills
- Strong expertise in US GAAP (ASC 944, LDTI – ASU 2018-12, CECL)
- Experience in Life Insurance / Annuities domain
- Agile Product Owner experience (Scrum / SAFe)
- Knowledge of policy administration systems & financial reporting platforms
- Strong stakeholder management and communication skills
Salary : $60 - $70