At American Equity we offer leading annuity products that help empower our clients to fulfill their needs and wants in retirement. Our success comes from hiring high-energy individuals who embody the beliefs that drive our unique culture. We currently fund over half a million retirements nationwide, headquartered in Des Moines, Iowa, for over thirty years with satellite offices in Charlotte, NC and New York, NY.
GENERAL PURPOSE OF THE JOB:
The Director, Reinsurance Accounting is responsible for overseeing all accounting, reporting, and control activities related to the company’s reinsurance programs. This role serves as a technical accounting leader, ensuring accurate and compliant financial reporting for reinsurance transactions while providing guidance to internal stakeholders. The position partners closely with Reinsurance, Actuarial, Finance, Risk, and Audit teams and plays a critical role in supporting financial integrity, transparency, and effective reinsurance operations.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Assess and communicate financial implications of reinsurance structures and changes.
- Serve as the subject matter expert on reinsurance accounting matters, including representing the company to external business clients.
- Partner with Reinsurance, Actuarial, Finance, Risk, and Legal teams on reinsurance program execution and reporting.
- Lead continuous improvement initiatives to enhance accuracy, efficiency, and scalability of reinsurance accounting.
- Leverage systems and data analytics to improve transparency and insight.
- Initiate the standardization of processes, documentation, and controls across entities or lines of business.
- Translate technical accounting issues into clear, actionable insights.
- Oversee reinsurance-related month‑end, quarter‑end, and year‑end close processes.
- Ensure accurate and timely reinsurance financial reporting for monthly, quarterly, and annual closes.
- Partner with Internal Audit and External Auditors on audits, reviews, and remediation activities.
- Ensure compliance with regulatory filing and disclosure requirements.
- Review and approve journal entries, account reconciliations, and supporting documentation.
- Evaluate and document accounting treatment for complex and non‑routine reinsurance arrangements.
- Manage, mentor, and develop accounting team members supporting reinsurance.
- Set performance expectations, conduct reviews, and create development plans.
- Promote knowledge sharing and continuous improvement within the team.
- Performs other related duties as assigned.
SUPERVISORY RESPONSIBILITIES:
Direct Reports: 3-5 Reinsurance Accounting Professionals
General Description of Indirect Reports (2 and 3-downs): None
EDUCATION AND/OR EXPERIENCE:
Bachelor’s degree in Accounting, Finance, or a related field, along with a minimum of ten (10) years of relevant experience in insurance or reinsurance accounting, or an equivalent combination of education and experience. Additionally, at least 2 years of leadership experience is required.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
CPA or equivalent professional qualification strongly preferred.
KNOWLEDGE, SKILLS AND ABILITIES:
- Demonstrated ability to lead complex accounting issues independently.
- Strong knowledge of reinsurance structures and related accounting treatment.
- Experience working with auditors, regulators, and cross‑functional business partners.
- Excellent analytical, communication, and organizational skills.
- Sound professional judgment in ambiguous and/or complex situations.
- Experience with process automation.
- Attention to detail and accuracy.
- Ability to influence and partner across functions.
- Strong leadership and coaching skills.
- Continuous improvement mindset.
- Experience supporting regulatory exams, rating agencies, or board reporting.
- Familiarity with both US GAAP and statutory accounting for insurance companies.
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This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job related instructions and be required to perform other job related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.
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At American Equity, our core values—Empowered, Passion, Integrity, and Caring—are more than words. They guide how we support one another and how we serve our clients every day. To learn more about American Equity, our culture, and our values, visit the Careers site.
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Skills Required
- Bachelor's degree in Accounting, Finance, or related field
- Minimum of ten years of relevant experience in insurance or reinsurance accounting
- At least 2 years of leadership experience
- CPA or equivalent professional qualification
What We Do
American Equity* Fixed Index Annuities * Retirement Planning * Customer Service An American-owned and operated company headquartered in the heart of the Midwest, American Equity Investment Life Insurance Company® is a leader in the fixed indexed annuities marketplace. American Equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships. “The One Who Works for You!®” serves as the foundation for the way American Equity does business and values its more than 500 employees. Guided by our Principles of Excellence, we do more than sell retirement annuity products -- we are dedicated to fostering opportunity and innovation to meet the ever-changing needs and goals of retirement. "It's About the People" is the American Equity story and the legacy of our founder David J. Noble. This commitment to excellence includes our employees, agents, partners, and contract owners. We thank you for entrusting us with the things that matter most. When your retirement begins, you want to ensure you can enjoy it, which is why it’s important to have reliable support that can help fund every day of your golden years. After all, your life of hard work has earned you the retirement you planned for. These are the guiding principles that define everything we do. American Equity is the one who works for you.
