AVP, Reinsurance Accounting

Company: Global Atlantic Financial Group
Location: Boston
Posted on: November 14, 2024

Job Description:

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.POSITION SUMMARY:Global Atlantic has an exciting opportunity, located in our Boston, MA or Des Moines, Iowa offices. 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.RESPONSIBILITIES:

• Perform monthly and or quarterly closing procedures, reinsurance journal entries, reconciliations, and analyses.
• 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 the accounting support during new transactions from Business as Usual (BAU) standpoint.
• Develop and implement standard reinsurance accounting models.
• Maintain effective internal controls, support internal and external audits, and regulatory examinations.
• 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.
  • CPA preferred.
  • Minimum seven (7) 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.This role is not eligible for visa sponsorship now or in the future.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 - $124,800 USD.Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer, and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status.
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Keywords: Global Atlantic Financial Group, Malden , AVP, Reinsurance Accounting, Accounting, Auditing , Boston, Massachusetts