Assistant Vice President, Reinsurance Accounting

COMPANY OVERVIEW

Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. 

We are looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us. 

The KKR-Global Atlantic partnership - The Global Atlantic Story 

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Global Atlantic has an exciting and challenging opportunity located in our Boston, MA office. We are looking for an enthusiastic, self-motivated individual who 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.

Responsibilities:

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

Qualifications:

• Bachelor’s degree in Accounting
• 8+ 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 ethic and high-level of personal integrity and accountability
• Experience with PeopleSoft General Ledger, Hyperion Financial Management and Smartview/Essbase preferred
• CPA preferred

Applicants must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States.

 

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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$95,184—$181,303 USD