Hi,
This is Diksha Chaudhary working with Novia Infotech. We have the below contract job opportunity with one of our direct clients and would like to check if you have any resources available. Please send across the resume of your consultants along with the contact information at the earliest to diksha.c@noviainfotech.com.
Role: Product Owner – US GAAP Financial Reporting (Life Insurance / LDTI)
Location: Frederick, Maryland
Work Model: Onsite
Duration: 12+ Months
Description:
We are seeking an experienced Product Owner – US GAAP Financial Reporting with deep expertise in life insurance accounting, US GAAP reporting, LDTI transformation, actuarial-finance systems integration, and Agile product ownership. The ideal candidate will bridge Finance, Actuarial, Technology, and Compliance teams to drive the design, delivery, and enhancement of audit-ready financial reporting solutions for life insurance products.
This role requires strong domain expertise in ASC 944, LDTI (ASU 2018-12), CECL, insurance liabilities accounting, DAC, premium revenue reporting, and enterprise financial systems modernization.
Job Responsibilities
Product Ownership & Roadmap Management
- Own and manage the product backlog for US GAAP financial reporting platforms.
- Define, prioritize, and manage roadmap initiatives aligned with:
- LDTI transformation objectives
- Financial reporting modernization
- Regulatory compliance requirements
- Audit readiness goals
- Drive product delivery from business requirements through implementation.
Financial Reporting Product Delivery
Lead financial reporting product initiatives focused on:
- US GAAP compliance
- Life insurance financial reporting
- Insurance liabilities reporting
- DAC (Deferred Acquisition Cost) reporting
- Premium revenue accounting
- Regulatory reporting readiness
Ensure reporting outputs are:
- Accurate
- Complete
- Audit-ready
- Business compliant
Accounting & Actuarial Translation
- Translate actuarial models, accounting requirements, and business rules into:
- User stories
- Product requirements
- Functional specifications
- Technical delivery requirements
- Work closely with actuarial and finance stakeholders to align business logic.
US GAAP / Regulatory Expertise
Strong hands-on expertise required in:
- ASC 944
- LDTI (ASU 2018-12)
- CECL
- Insurance accounting standards
- Financial controls & audit requirements
Responsibilities:
- Reporting validation
- Compliance alignment
- Accounting interpretation
- Product requirements governance
Cross-Functional Stakeholder Management
Collaborate closely with:
- Finance
- Actuarial
- IT / Technology
- Compliance
- Reporting teams
- Product delivery teams
Responsibilities:
- Business requirement alignment
- Product roadmap prioritization
- Delivery coordination
- Issue resolution
- Stakeholder communication
Financial Validation & Controls
- Validate financial outputs for accuracy and compliance.
- Support:
- Audit readiness
- Control validation
- Regulatory compliance reviews
- Financial reconciliation support
LDTI Transformation Initiatives
- Support enterprise LDTI transformation programs and related modernization initiatives.
- Drive enhancements to financial reporting platforms and product workflows.
Agile Product Delivery
Operate within Agile delivery frameworks including:
- Scrum
- SAFe
Responsibilities:
- Backlog grooming
- Sprint planning
- Story refinement
- Delivery prioritization
- Cross-team coordination
Required Skills
- Product Ownership
- US GAAP
- ASC 944
- LDTI (ASU 2018-12)
- CECL
- Life Insurance Accounting
- Financial Reporting
- Agile / Scrum / SAFe
- Product Backlog Management
- Actuarial / Finance Systems Integration
- Stakeholder Management
Preferred Skills
- Policy Administration Systems
- Insurance Financial Reporting Platforms
- Audit & compliance governance
- Financial controls
- Insurance transformation programs
Domain Expertise Required
Strong experience in:
- Life Insurance
- Annuities
- Financial accounting transformation
- Insurance reporting modernization
Experience
8–10+ years of relevant experience, including:
- Product ownership / business product leadership
- Insurance finance / actuarial systems
- Financial reporting transformation
- Regulatory accounting programs
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Diksha Chaudhary |
E: diksha.c@noviainfotech.com |
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