What are the responsibilities and job description for the Director Qualified Hedge & Derivative Accounting position at RGA Reinsurance Company?
You desire impactful work.
You're RGA ready
RGA is a purpose-driven organization working to solve today's challenges through innovation and collaboration. A Fortune 500 Company and listed among its World's Most Admired Companies, we're the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
The Director Qualified Hedge & Derivative Accounting is responsible for developing and maintaining hedge accounting practices across the organization. This requires assessing system capability, writing accounting specifications and testing plans, assisting IT in implementation and user acceptance testing, and delivering ready-to-use accounting solutions in Findur and other supporting systems. It also involves prototyping solutions and providing training on new methodologies.
This opportunity is in Chesterfield, MO, and enjoys a hybrid work schedule. It is open as a result of company growth.
Responsibilities
- Manage derivative accounting for qualified derivatives and appropriately achieve qualified hedge accounting on cash flow hedges, fair value hedges and on net investment in foreign operations.
- Analyze and run hedge effectiveness testing for prospective and active qualified hedges
- Set up new qualified hedging strategies in derivative system and document Hedge Designation Memos for new qualified strategies
- Develop new monitoring system of bond cash flow hedging
- Support risk committee reporting for derivatives
- Perform primary testing of new hedging structures / tables / accounting used in new qualified hedging strategies
- Assist in developing new tools and processes to support accounting needs including derivative positions and their adjustments to other parts of the balance sheet or income statement.
- Develop accounting infrastructure and processes to incorporate current and evolving derivative strategies
- Provide training support for newly developed system tools, accounting rules, use of hedge accounting module, and other new related tools
- Contribute to new deal process including supporting new instrument types, currencies, and hedge accounting methodologies
- Establish, monitor and ensure integrity of data and reports, quality goals, ensuring quality Investment Accounting practices and communication to associates and management.
Requirements
Education
Required :
Experience and Skills
Required :
LI-MB1
What you can expect from RGA :
Compensation Range :
104,350.00 - $155,350.00 Annual
Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.
RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.
Salary : $104,350 - $155,350
