Product Owner IFRS to US GAAP

Product Owner – IFRS to US GAAP
Request-ID: 84501-1
Location: Frederick, MD 21701
Duration: 6 months (extendable)
Pay Range: $40-45/Hour on W2 only
Note: Applicant must be willing to work on W2.

Job Description:
Role Summary
The US GAAP Product Owner is responsible for leading the design, implementation, and enhancement of financial reporting solutions aligned with US GAAP standards, with a primary focus on LDTI (ASU 2018-12). The role acts as a bridge between Finance, Actuarial, Compliance, and Technology teams to deliver accurate, scalable, and audit-ready reporting solutions for life insurance and annuity products.
Key Responsibilities

• Own and manage the product backlog for US GAAP financial reporting initiatives aligned with LDTI requirements.
• Translate actuarial models, accounting policies, and business requirements (ASC 944) into detailed user stories and functional specifications.
• Ensure accurate reporting of insurance liabilities, Deferred Acquisition Costs (DAC), premium revenue, and related financial metrics.
• Collaborate with Finance, Actuarial, IT, and Compliance stakeholders to define and execute the product roadmap.
• Validate financial reporting outputs to ensure compliance with audit and regulatory standards.
• Support IFRS to US GAAP transformation initiatives and ongoing system enhancements.
• Work within Agile/Scrum or SAFe frameworks to prioritize deliverables and manage sprint execution.
• Coordinate with development and QA teams to ensure successful implementation and release management.

Required Skills & Qualifications

• 8–10 years of experience as a Product Owner or Business Analyst in Financial Services or Insurance domain.
• Strong expertise in US GAAP accounting standards including ASC 944, LDTI (ASU 2018-12), and CECL.
• Experience in Life Insurance and Annuities domain.
• Hands-on experience with Agile methodologies (Scrum / SAFe).
• Knowledge of policy administration systems and financial reporting platforms.
• Strong stakeholder management, communication, and analytical skills.
• Experience working on finance transformation or regulatory reporting projects is preferred.

Preferred Qualifications

• Exposure to IFRS to US GAAP conversion projects.
• Understanding of actuarial reporting and insurance accounting workflows.
• Experience with enterprise financial systems and data integration platforms.

Company Benefits & Culture:

• Competitive salary and benefits package.
• Opportunities for professional growth and advancement.
• Dynamic and collaborative work environment.