AVP, Reinsurance Accounting

All offices are currently open, and our employees are back 4 or 5 days a week in Hudson Yards, NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact recruiting@gafg.com.

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 majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

Global Atlantic is 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. 

We use Greenhouse as our scheduling tool and communicate through their systems. At times, your email may block our communications. Please be sure to check your SPAM so that you do not miss critical information about our process, including scheduling. 

The Associate will support the Bermuda reinsurance companies and the company’s Institutional business segment by delivering reinsurance transaction accounting solutions. The associate will also be delivering financial reporting improvements around reinsurance and institutional markets accounting operations and its control function. The Associate will also support the broader team of financial reporting professionals coordinating reinsurance finance implications across various accounting and actuarial stakeholders. The Associate will be part of a core team assessing reinsurance considerations and execution on new investments/assets scenarios. This is an extraordinary opportunity to grow with our dynamic and leading long-term reinsurance business in Bermuda, gaining exposure to life and annuity business across several accounting and capital regimes.

Key Duties and Responsibilities

• Communicate with cross-service teams to coordinate reinsurance accounting, investment accounting, tax and actuarial on financial reporting requirements for new reinsurance transactions.
• Draft accounting transaction and investment memos.
• Provide technical accounting support to reinsurance accounting and Bermuda finance functions.
• Maintain Funding Agreements reporting for Financial controllership, Management, Risk, Tax, and other stakeholders.
• Gather and complete information on investment returns and investigate unexpected results on the reinsurance Funds Withheld portfolios.
• Assist in establishing Bermuda entity tax forecasting.
• Complete monthly and quarterly reconciliations and establish tight accounting procedures and data control around Funds Withheld Funding agreements.

Minimum Qualifications, Skills, and Experience

• Bachelor’s degree in accounting or finance
• CPA (or equivalent) preferred
• 5+ years of relevant analytical work experience; recent experience in life insurance with reinsurance exposure is required
• Demonstrated knowledge of US GAAP or US Statutory accounting (including Funds Withheld and Modified Coinsurance reinsurance structures)
• Strong quantitative and analytical skills
• Effective verbal and written communication skills, including the ability to influence others and communicate across all areas of the company
• Ability to manage competing priorities with a continuous improvement mindset
• Proven success delivering automation solutions highly desirable
• Familiarity with Essbase, Hyperion, W Desk, Tableau, and other reporting and analysis applications a plus

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.

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