Head of Financial & Regulatory Reporting Teams (New York)
Head of Financial & Regulatory Reporting Teams Location: Lincoln, NE or New York City, NY Who We Are American Life Financial Partners LLC (ALFP) is one of the fastest-growing private retail annuity companies in the U.S. Acquired by Antarctica Capital in December 2023, the company has experienced significant growth through its focused FIA and MYGA product offerings and distribution partnerships. The CFO organization includes Tax, Treasury Operations, Investment Accounting, FP&A, Actuarial, and Controller functions and is investing in talent, process improvement, Oracle technologies, and data capabilities to stay ahead of customer needs while fostering a collaborative, high-performance culture. Position Summary The Head of Financial & Regulatory Reporting Teams is a senior finance leader responsible for all accounting and financial reporting activities across ALFP LLC, American Life & Security Corp. (ALSC), reinsurance entities, and Seneca Re. The role oversees cash, accrual, statutory, GAAP, and tax reporting while leading four teams organized by entity structure. This leader will ensure accurate financial statements, reinsurance settlements, STAT-to-GAAP-to-Tax reconciliations, regulatory compliance, and a strong internal control environment. The position serves as a key business partner to executive leadership and interfaces directly with auditors, regulators, rating agencies, and board-level stakeholders. Key Responsibilities Financial & Regulatory Reporting Lead and continuously improve monthly, quarterly, and annual close processes across STAT, GAAP, tax, cash, and accrual reporting, advancing toward a hard-close environment. Define and execute the future-state reporting strategy, data architecture, analytics, and Oracle-centered technology road map. Oversee preparation of consolidated statutory, GAAP, reinsurance, captive, and management financial reports. Partner with FP&A to connect actual results with budgets, forecasts, and strategic plans. Manage and enhance preventive, detective, and corrective controls, shifting manual processes toward automation. Redesign and implement Oracle Account Reconciliation Cloud Service (ARCS), improving reconciliation quality, aging analysis, certification, and policy compliance. Develop meaningful analytics, KPIs, variance analysis, and reporting packages for management, the Audit Committee, Board of Directors, rating agencies, and external stakeholders. Ensure timely, accurate reporting while driving process improvements targeted at meaningful efficiency gains. Maintain compliance with NAIC Statutory Accounting Principles, U.S. GAAP, FASB guidance, Nebraska and Vermont regulations, reinsurance treaties, loan covenants, and other contractual requirements. Analyze financial results across holding company, insurance, and reinsurance entities to identify trends, opportunities, and risks. Multi-Entity and Reinsurance Accounting Oversight Oversee accounting operations across cash, accrual, statutory, GAAP, and tax bases by entity, product, and treaty structure (MODCO, Coinsurance Funds Withheld, Trust arrangements). Lead development and enhancement of Monthly Operating Reports (MOR) and Quarterly Management Reports (QMR). Facilitate earnings and surplus review meetings with internal and external stakeholders. Lead implementation and optimization of Oracle General Ledger, EPM, ARCS, FCCS, Fixed Assets, Accounts Payable, 1099, revenue recognition, and reconciliation processes. Oversee intercompany eliminations, allocations, consolidations, and minority-interest accounting. Manage future-state chart of accounts design aligned with statutory reporting requirements. Partner on enterprise data, reporting, and warehouse strategies, including Databricks integration and operational reporting alignment. Close Management Direct month-end, quarter-end, and year-end close processes. Review journal entries, reconciliations, accruals, and supporting schedules. Maintain close calendars, reporting schedules, and deliverable timelines. Internal Controls & Compliance Ensure compliance with accounting standards, tax laws, reporting requirements, and regulatory expectations. Design, implement, monitor, and continuously improve internal controls over financial reporting. Coordinate external audits and regulatory examinations, including support documentation and issue resolution. Leadership & Talent Development Lead, mentor, and develop accounting and reporting professionals. Provide coaching, training, succession planning, and performance management. Establish team metrics, goals, and accountability standards. Foster a collaborative culture across Lincoln, NYC, and other business locations. Partner with advisors and consultants to support tax and capital management strategies designed to optimize Total Adjusted Capital (TAC). Policy & Procedure Management Maintain enterprise-wide STAT, GAAP, and tax accounting policies. Develop detailed operating procedures, SOPs, and desktop procedures for key risk areas. Drive consistency and standardization across business units. Serve as the organization's technical accounting resource for complex insurance, reinsurance, growth-stage, and investment-related accounting matters. Financial Systems & Process Improvement Support finance transformation initiatives and enterprise-wide system implementations. Identify and implement automation, process enhancements, and operating efficiencies. Ensure financial systems and reporting processes scale with organizational growth. Strategic Business Partnership Serve as a trusted advisor to the CFO, Controller, Head of FP&A, Head of Investments, and executive leadership team. Support Audit Committee, Board, rating agency, capital planning, and strategic growth initiatives. Provide actionable financial insights, analysis, forecasting guidance, and decision support. Communicate complex financial information effectively to both financial and non-financial audiences. Partner closely with Operations, Treasury, FP&A, Legal, Compliance, Investment Operations, and Reinsurance teams. Qualifications Education Bachelor's degree in Accounting, Finance, or related field required. MBA preferred. CPA, CGMA, or CMA designation required. Experience 10 years of progressive accounting and financial reporting experience. 2-5 years of Big Four public accounting and/or annuity carrier experience strongly preferred. Insurance industry experience required, including STAT, GAAP, retail annuities, and reinsurance. Minimum 3 years of leadership experience managing accounting teams within a multi-entity environment. Experience with consolidations, intercompany accounting, tax reporting, and complex financial structures preferred. Prior ERP and financial reporting system experience required; Oracle and Databricks experience preferred. Deep knowledge of statutory accounting, U.S. GAAP, tax reporting, and annuity reinsurance structures, including MODCO, Coinsurance Funds Withheld, and Trust arrangements. Strong leadership, communication, and relationship-management skills. Ability to operate effectively in a fast-paced, deadline-driven environment. Strong analytical, organizational, problem-solving, and decision-making capabilities. Experience leading system implementations, automation projects, or finance transformations preferred. Ability to collaborate effectively across teams, geographies, and organizational levels. Proficiency with Microsoft Office, Excel, Oracle ERP/EPM, SmartView, Databricks, and advanced Excel functions such as XLOOKUP. Knowledge, Skills& Abilities Strong verbal and written communication skills. High degree of initiative, accountability, and professionalism. Ability to work independently and collaboratively across all organizational levels. Effective project management and prioritization skills. Strong attention to detail and documentation practices. Commitment to confidentiality, accuracy, and continuous improvement. Ability to build strong partnerships with internal customers while identifying opportunities for process enhancement and organizational growth. Additional Requirements Perform other duties and special projects as assigned. Maintain regular and reliable attendance. Travel up to 25% as needed. This role offers a unique opportunity to shape the future of financial and regulatory reporting for a rapidly growing annuity platform while leading enterprise-wide transformation in reporting, controls, analytics, and financial systems. J-18808-Ljbffr
