Assistant Vice President, Investment Accounting

About Global Atlantic 

Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S., Bermuda, and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR), a leading global investment firm, Global Atlantic combines deep insurance expertise with KKR’s powerful investment capabilities to deliver long-term financial security for millions of individuals worldwide. With a broad suite of annuity, preneed life insurance, reinsurance, and investment solutions, Global Atlantic, through its issuing companies, helps people achieve their financial goals with confidence. For more information, please visit www.globalatlantic.com. 

POSITION SUMMARY:

KKR Insurance/ Global Atlantic is seeking a candidate to support the Investment Accounting Center of Excellence (COE) that will be responsible for the accounting operations and investment reconciliation between Clearwater and the general ledger ensuring accuracy, integrity and adequate substantiation of the investment balances and delivery of investment data. This individual will support the management of a team of investment accounting professionals at various levels, supporting the GAAP and STAT Investment Controllership areas within Investment Accounting and will be required to bridge the operations and the accounting for investment activity to support the accounting and reporting. This position will also support cross functional initiatives related to process enhancements and redesign related to achieving concurrent and consistent delivery of investment results across multiple basis.  All candidates must, in addition to possessing the specific qualifications cited below, work well within a complex, fast-paced, fluid environment, and strong organizational and interpersonal skills.

RESPONSIBILITIES:

Leadership and Oversight

• Support the management of a team of investment accounting professionals responsible for GAAP and STAT investment controllership functions.
• Provide mentorship and guidance to team members, fostering a culture of accountability, continuous improvement, and excellence.

Accounting Operations and Reconciliation

• Oversee daily, monthly, and quarterly investment accounting operations, including the reconciliation of investment balances between Clearwater and the general ledger.
• Ensure timely and accurate preparation of journal entries, account reconciliations, certifications, and flux analyses across multiple accounting bases.
• Monitor clearing of suspense activity, ensuring adequate substantiation and adherence to internal control standards.
• Execute and review month-end close procedures, including analytical reviews of investment balances, validation of investment income, unsettled trades review, and suspense reconciliations.
• Support accounting consolidation and intercompany elimination processes for SPV structures.
• Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule.

Cross-Functional Collaboration

• Act as a liaison between Investment Accounting and Investment Operations to ensure proper instruction and accounting for complex investment transactions (e.g., asset transfers, restructures, new investments, and reinsurance block transactions).
• Partner with GAAP and STAT Controllership teams, Accounting Policy, and Investment Operations to ensure new investments are accurately and efficiently reflected in the accounting systems.
• Coordinate with third-party service providers and internal stakeholders to ensure timely processing and accurate recognition of investment-related transactions.

Process Improvement and Transformation

• Drive initiatives aimed at enhancing investment accounting processes, data consistency, and operational efficiency across multiple accounting bases.
• Support transformation projects to streamline investment data management, reconciliation, and reporting processes within the COE.
• Contribute to the design and implementation of scalable solutions that improve the concurrent delivery of GAAP and STAT investment results.

QUALIFICATIONS:

• Bachelor's in Accounting or Finance; CPA  
• 8+ years of relevant experience. 
• Knowledge of investment accounting and reporting for insurance companies under both GAAP and STAT, with a strong understanding of how upstream operational processes impact downstream accounting and reporting for fixed income portfolios, including complex structured securities, loans, and intercompany transactions arising from internal securitiza