What are the responsibilities and job description for the US GAAP (Product Owner) position at NextGen IT Inc.?
US GAAP (Product Owner)
Location - Frederick, MD
Skills: Product Owner
Role Descriptions:
IFRS to 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
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.
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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