Sr. Analyst, Statutory Accounting and Reporting
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).
POSITION OVERVIEW
The Senior Analyst, Statutory Accounting and Reporting, will join the Statutory Accounting and Reporting team in Des Moines to prepare and analyze the statutory financial statements, management reports and related financial statement disclosures. Candidates must be active team members, interacting with local and multi-state personnel to ensure adequate control and reconciliation of information posted to GAFG’s ledger. Other interactions include working with the Actuarial, Investment, Reinsurance, Tax, Legal and Compliance teams.
Key responsibilities will include:
- Learn on the job about statutory reporting, reinsurance transactions, accounting for investments, capital requirements, and regulatory filing process.
- Prepare journal entries within the close process cycle and reconcile ledger to source information, research/explain fluctuations in financials and prepare analysis and commentary on key business drivers
- Complete monthly assigned balance sheet and/or transaction reconciliations
- Prepare quarterly and annual schedules included in the filings for a life and health insurance company and contribute to completion of schedules for multiple companies. This includes journal entry preparation/review and coordinating with other departments on work requirements and deadlines
- Assisting with external audits and examinations by preparing work papers, analyzing data, and preparing SSAP basis financial reports
- Research and compile information for ad-hoc requests, including life and annuity business analysis, rating agency data compilation, state insurance department inquiries and other departmental requests
- Collaborate with team members and other departments to help solve problems, research regulatory guidance and inquiries.
- Identify and implement changes to help improve quarterly and annual schedules
QUALIFICATIONS
- Bachelor’s degree in Accounting and 3-5 years experience in the insurance industry or public accounting
- Experience in Statutory or US GAAP accounting in a life insurance company preferred
- Demonstrated analytical skills with the ability to draw conclusions from research and report on findings
- Strong communication skills, work ethic and high level of personal integrity and accountability
- Experience with PeopleSoft General Ledger, Business Object Enterprise, Hyperion Financial Management Essbase, Wings, Workiva and Gain preferred
#LI-WC1
#LI-hybrid
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
$57,500 - $109,800 USD
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.
Apply for this job
*
indicates a required field