Reinsurance Accounting Associate

COMPANY OVERVIEW

Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).

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POSITION OVERVIEW

Global Atlantic has a challenging opportunity, located in our Boston, MA office. This enthusiastic, self-motivated individual will be part of a team-oriented environment supporting multiple operations, their teams and leadership throughout the organization.  The individual will be responsible for treaty administration, reinsurance accounting, reporting, transaction analysis, ongoing process improvements and internal controls across multiple bases of accounting: USGAAP, NAIC, and Bermuda Statutory. The individual will also be supporting ongoing projects including Reinsurance Accounting automation and Finance transformation work.

  KEY RESPONSIBILITIES

• Perform monthly and/or quarterly closing procedures, including preparing and executing reinsurance journal entries, relevant account reconciliations, and analyses or results;
• Develop and maintain standardized reinsurance reports required for monitoring results;
• Review treaty documentation; verify information complies with terms and conditions of treaties;
• Prepare analysis and commentary on key business drivers related to reinsurance;
• Serve as accounting support during on boarding of new transactions;
• Develop and implement standard reinsurance accounting models;
• Maintain effective internal controls, support internal and external audits, and regulatory examinations;
• Drive process improvements and support broader automation efforts;
• Participate in special projects with cross-divisional and corporate impacts, with particular focus on collaboration and effective communication;

 EXPERIENCE AND QUALIFICATIONS

• Bachelor’s degree in accounting;
• Minimum five (5) years of experience in the insurance industry or public accounting;
• Team player, positive attitude, results oriented;
• Strong analytical and problem-solving skills with the ability to draw conclusions from research;
• Must be well-organized, innovative, and possess a high level of initiative;
• Strong communication skills, work ethics and high-level of personal integrity and accountability;
• Experience with PeopleSoft General Ledger, Hyperion Financial Management and SmartView/Essbase preferred;
• CPA or CPA candidate preferred.
• This position is not eligible for visa candidates now or in the future.

Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office. 

Global Atlantic’s base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives.  Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives. 

The base salary range for this role is:

$65,500—$140,000 USD

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TOTAL REWARDS STATEMENT 

Global Atlantic’s employees thrive in a fast-paced, high-performing culture with strong benefit options and wellbeing resources that support innovation, accountability and stewardship. At Global Atlantic, being an employer of choice means we are committed to offering employees a customizable and comprehensive benefits package. Global Atlantic’s total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We strive to foster a culture of total well-being through community outreach and charitable giving programs. Learn more about our Charitable Giving Programs.

Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family. Global Atlantic was proudly named: Best in Perks & Benefits, Best Company Work-Life Balance, Best Company Happiness and Best Company Compensation. Learn about our Benefits offerings.

Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you require an accommodation during the hiring process or after you are hired for any protected status under the ADA, please email benefits@gafg.com.

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Our employees are in the office 4 - 5 days per week in Hudson Yards, NY and 3 - 4 days per week in all other offices. If you have questions on this policy or the application process, please reach out to benefits@gafg.com

Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes. Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.