Statutory Reporting Associate
Statutory Reporting Associate
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$ 90000 - 120000
1 Vacancy
Job Description
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 companys performance has been driven by its culture and core values focused on integrity teamwork and the importance of building longterm client relationships. Global Atlantic is a whollyowned subsidiary of KKR a leading global investment firm. Through its relationship the company leverages KKRs investment capabilities scale and access to capital markets to enhance the value it offers clients. KKRs parent company is KKR & Co. Inc. (NYSE: KKR).
Watch the Global Atlantic & KKR Partnership Story
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COMPANY OVERVIEW
Global Atlantic Financial Group Limited is a financial services company focused on the retirement life insurance and reinsurance markets. Through its family of brands including Forethought Accordia Life and Commonwealth Global Atlantic offers a broad range of retirement and protection products as well as reinsurance solutions. The company today has eleven offices over 1000 employees and over $190 billion in assets. Global Atlantic offers employees the unique opportunity to work in a fastpaced collaborative and meritocratic working environment. The Companys unique entrepreneurial culture encourages all employees to assume significant levels of responsibility. Global Atlantic invests in its people because it believes they are critical to the longterm success of its business.
POSITION OVERVIEW
The Associate will join the Statutory Accounting and Reporting team in Des Moines to review and analyze the statutory financial statements management reports and related financial statement disclosures. This role also includes oversight and completion of audit and audited financial statements assist in Statutory information requests and lead team of two to support the individual markets sector.
Candidates must be active team members interacting with local and multistate personnel to ensure adequate control and reconciliation of information posted to GAFGs ledger. Other interactions include working with the Planning & Analysis 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.
- Review and approve 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
- Review and oversee internal reinsurance settlements on a quarterly basis
- Complete monthly assigned balance sheet and/or transaction reconciliations
- Review 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 review and coordinating with other departments on work requirements and deadlines
- Review financial statements and reports for auditors and regulatory agencies. Provide financial analysis and support for various projects and initiatives Assisting with external audits and examinations by preparing work papers analyzing data and preparing SSAP basis financial reports
- Research and compile information for adhoc requests including life and annuity business analysis rating agency data compilation state insurance department inquiries and other departmental requests
- Identify weaknesses in internal SOX controls and make recommendations for improvements to workflows procedures and find reporting efficiencies
QUALIFICATIONS
- Bachelors degree in Accounting and 57 years experience in the insurance industry or public accounting which includes some management experience
- Experience in Statutory IFRS 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 and Essbase preferred
- Global Atlantic is an equal opportunity employer does not discriminate in employment on any basis that is prohibited by federal state or local laws.
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 Atlanticsbase salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantics total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses longterm 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 shortterm cash bonus and longterm incentives.
The base salary range for this role is
$90000 $120000 USD
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TOTAL REWARDS STATEMENT
Global Atlantics employees thrive in a fastpaced highperforming culture with strong benefit options and wellbeing resources that support innovation accountability and stewardship. At Global Atlantic being an employer of choice means we are committed to offering employees a customizable and comprehensive benefits package. Global Atlantics total rewards package is reflective of our corporate values particularly diversity excellence and innovation with a focus on inclusion pay equity and flexibility. We strive to foster a culture of total wellbeing through community outreach and charitable giving programs. Learn more about our Charitable Giving Programs.
Our highly competitive health retirement life and disability plans can be tailored to best suit your needs and those of your whole family. Global Atlantic was proudly named: Best in Perks & Benefits Best Company WorkLife Balance Best Company Happiness and Best Company Compensation. Learn about ourBenefits offerings.
Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you require an accommodation during the hiring process or after you are hired for any protected status under the ADA please email .
Discover more about Global Atlantic below:
2023 Corporate Responsibility Report
Explore the GA Careers Video Channel
Follow Global Atlantic on LinkedIn
View Global Atlantics Privacy Statement
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
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 industryspecific regulatory requirements state and federal laws.
Required Experience:
IC
Employment Type
Full Time
