What are the responsibilities and job description for the AVP, Accounting Policy position at Wilton RE?
AVP, Accounting Policy
Full Time
Norwalk, CT
About the Company:
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.
Position Summary:
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.
Role 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
Basic Qualifications:
- 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)
Required Education / Certifications:
- Bachelor’s degree in Accounting required
- CPA designation required
Pay/Location:
Norwalk, CT
Hybrid Structure
Minimal to no travel required
Base salary/hourly rate range for this position in Connecticut is between $160,000 and $195,000 Please note that specific compensation decisions are based upon a variety of job-related factors as permitted by law, including geographic location, credentials, skills, education, training, and experience.
Base salary is just one component of Wilton Re’s total compensation package for employees. Additional compensation includes annual performance-based bonus, 401K with employer contribution, and profit-sharing program. Employee may also be eligible for long-term incentives. All incentives and benefits are subject to the applicable plan terms.
What We Offer:
- 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
Wilton Re strives to attract, develop, and retain a diverse workforce. We are committed to providing an inclusive and accessible work environment where all associates feel valued, respected, and supported. Our commitment to inclusivity is reflected in the safeguards, policies, and commitments we have in place to remove barriers and provide equal opportunities to prospective and current associates, without discrimination. A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential.
To All Recruitment Agencies: Please do not send any resumes or solicitations regarding open positions to Wilton Re employees unless you have been requested to work on this position or other positions with Wilton Re; please reach out to your main point of contact. Wilton Re is not responsible for any fees related to unsolicited resumes.
Salary : $160,000 - $195,000