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 or VP Assistant Controller serves as key support to the Controller.
- This position will be responsible for overseeing all aspects of accounting and
- financial reporting for multiple entities on a U.S. Statutory and U.S. GAAP
- basis.
Role Responsibilities
Leadership
- Lead the accounting team, providing clear direction aligned with Company objectives, financial strategy, and risk management priorities
- Act as a key partner to the Controller and executive leadership team, contributing to financial governance, operating strategy, and business decision-making
- Prepare and present financial analysis and insights to senior leadership and the Board of Directors
- Act as Controller in their absence, ensuring continuity in leadership, decision making, and execution
- Develop and mentor team members, fostering a high-performance, accountable, and collaborative environment
Financial
- Close, Reporting, and Disclosures
- Oversee the quarterly and annual close processes, ensuring accurate, timely and, and well-controlled financial reporting
- Lead the preparation and review of U.S. Statutory and GAAP financial statements, footnotes, and management reporting packages
- Ensure completeness and accuracy of internal and external reporting, including Board materials, regulatory filings, rating agency deliverables, and client reporting
- Establish and enforce close calendars, review standards, and reporting governance across the accounting team
Technical
Insurance Accounting
- Provide technical accounting leadership across life, annuity and reinsurance transactions
- Oversee accounting and analysis for reinsurance structures, including: Modco and funds withheld arrangements, coinsurance and YRT treaties, and embedded derivatives and investment-related features where applicable
- Support interpretation and application of new accounting guidance (U.S. GAAP and U.S STAT) and ensure consistent implementation
- Document methodologies and accounting policies used by Wilton Re in support of U.S. GAAP and U.S. STAT accounting and reporting
- Controls,
- Audit, and Risk Management
- Maintain and enhance a robust internal control framework, including SOX and Model Audit Rule compliance
- Oversee documentation, testing, and remediation of key controls across the accounting and reporting processes
- Coordinate and lead external and internal audits, ensuring efficient execution and timely issue resolution
- Establish and enforce accounting policies and governance standards
- Systems,
- Data, and Process Improvement
- Drive continuous improvement in accounting processes, focusing on efficiency, scalability, and accuracy
- Oversee and optimize use of financial systems and tools
- Partner with IT and other finance teams to enhance data infrastructure, reporting capabilities, and automation
- Identify and implement opportunities to strength data quality, reconciliations, and workflow automation
Cross-Functional
- and Business Support
- Collaborate with Business Development and New Deal Integration teams to evaluate accounting implications of new transactions, acquisitions, and reinsurance arrangements
- Partner with Actuarial, Treasury, Tax, and Investment teams to ensure alignment across financial reporting and business activities
- Provide accounting guidance on new transactions and strategic initiatives
Basic Qualifications
- Minimum 8 years of progressive accounting experience, including 5+ years within the life insurance or reinsurance industry
- Deep knowledge of U.S. Statutory and GAAP accounting applicable to insurance and reinsurance companies
- Big 4 public accounting experience or combination of public and private experience
- Strong analytical, problem-solving, and critical thinking skills with the ability to interpret complex financial transactions and information
- Demonstrated ability to evaluate, streamline, and enhance business processes to improve efficiency and control
- Proven sound judgment and decision-making capabilities in a dynamic environment
- Excellent communication and interpersonal skills, with the ability to effectively engage and influence stakeholders across all levels and functions
- Proven ability to lead, develop, and manage teams while balancing multiple priorities in a fast-paced environment
- Experience managing outsourced and third-party service provider relationships, ensuring quality, accountability, and performance
Required Education / Certifications
Bachelor’s
degree in Accounting, Finance, or related field
Candidate
with CPA or MBA preferred
Pay/Location
Norwalk,
CT
Hybrid
Structure
Minimal
- to no travel required
- This role may be filled at a level dependent on the
- experience and qualifications of the applicant.
- Base salary/hourly
- rate range for this position in Connecticut is between $150,000 and $220,000.
- 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.
- 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.
Job description provided by Wilton Re.
View the original posting