Director of Accounting Policy

Talcott Financial Group* is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.
Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.
Talcott Financial Group’s two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.

Overview:
Talcott Financial Group is seeking a Director of Accounting Policy to support all aspects of accounting policy for the group and its subsidiaries in the US, Bermuda, and Cayman. This position will actively engage with executive leadership and support the analysis of accounting policy choices, communicate implications of alternatives, and drive implementation of new accounting requirements.
Talcott has offices in New York, New York, Hartford, CT, Charlotte, NC. and Bermuda. The role can sit in any of these locations and there is an expectation of occasional travel between locations.

Responsibilities:

• Provide subject matter expertise in relation to various bases of accounting including US GAAP, US Statutory, Bermuda Statutory, Cayman Statutory and Bermuda Economic Balance Sheet (EBS)
• Engage with the corporate development team and executive leadership in analyzing accounting and capital consequences of new and potential transactions
• Assist investments front office and third party cedants to develop accounting policies for new investment structures
• Support overall reporting processes and monitor changes and emerging issues related to bases of accounting and applicable regulations/requirements.
• Review current business processes, internal controls, and accounting policies to determine their continued appropriateness as the business grows and evolves
• Lead a variety of functional groups (e.g., financial reporting, investment accounting, actuarial) on the implementation of any new regulatory standards and amendments.
• Maintain accounting policies across a wide range of investment classes and liabilities (variable annuities, fixed indexed annuities, payout annuities, universal life) across a wide range of bases of accounting

Qualifications:

• Bachelor's or Graduate degree in Accounting or Finance with US CPA or equivalent accounting certification
• Minimum 7 years (re)insurance accounting experience, with 5 or more years of relevant accounting policy experience within a life insurance/reinsurance setting
• Expert in some or all of U.S GAAP and U.S. STAT
• Broad range of technical accounting skills gained in analyzing financial processes, reinsurance arrangements and M&A transactions
• Experience with block reinsurance transactions and/or legal entity acquisitions
• Experience with product features and accounting on variable annuities, fixed indexed annuities, payout annuities, universal life, and various types of reinsurance structures
• Experience with a variety of investment structures, including alternative investments, hybrid investments, and loan securitizations
• Be self-motivated and consistently deliver a detail-oriented and organized work product
• Possess strong written and verbal communication skills
• Proven ability to work both independently & collaboratively
• Talcott Financial Group is an equal employment and affirmative action employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace and is committed to building inclusion and leveraging diversity. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html