Role Summary
The US GAAP Product Owner at Banner Life Insurance is responsible for driving the design and delivery of financial reporting solutions compliant with US GAAP standards, with a strong focus on LDTI (ASU 2018-12). This role bridges Finance, Actuarial, and Technology teams to ensure accurate, audit-ready reporting for life insurance products.
________________________________________
Key Responsibilities
โข Own and manage the product backlog for US GAAP financial reporting systems aligned with LDTI requirements.
โข Translate actuarial models and accounting requirements (ASC 944) into clear user stories and technical deliverables.
โข Ensure accurate reporting of insurance liabilities, DAC, and premium revenue.
โข Collaborate with Finance, Actuarial, IT, and Compliance teams to align product roadmap.
โข Validate financial outputs to meet audit and regulatory standards.
โข Support LDTI transformation initiatives and ongoing enhancements.
________________________________________
Required Skills
โข Strong expertise in US GAAP (ASC 944, LDTI โ ASU 2018-12, CECL)
โข Experience in Life Insurance / Annuities domain
โข Agile Product Owner experience (Scrum / SAFe)
โข Knowledge of policy administration systems & financial reporting platforms
โข Strong stakeholder management and communication skills