Reinsurance Accounting Associate
Reinsurance Accounting Associate
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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 long-term client relationships. Global Atlantic is a wholly-owned 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).
POSITION OVERVIEW
Global Atlantic has a challenging opportunity located in our Boston MA office. 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. The individual will also be supporting ongoing projects including Reinsurance Accounting automation and Finance transformation work.
KEY RESPONSIBILITIES
- Perform monthly and/or quarterly closing procedures including preparing and executing reinsurance journal entries relevant account reconciliations and analyses or results;
- 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 accounting support during on boarding of new transactions;
- Develop and implement standard reinsurance accounting models;
- Maintain effective internal controls support internal and external audits and regulatory examinations;
- Drive process improvements and support broader automation efforts;
- Participate in special projects with cross-divisional and corporate impacts with particular focus on collaboration and effective communication;
EXPERIENCE AND QUALIFICATIONS
- Bachelors degree in accounting;
- Minimum five (5) 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 ethics and high-level of personal integrity and accountability;
- Experience with PeopleSoft General Ledger Hyperion Financial Management and SmartView/Essbase preferred;
- CPA or CPA candidate preferred.
- This position is not eligible for visa candidates now or in the future.
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 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:
$65500$140000 USD
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Our employees are in the office5 days per week in Hudson Yards NY and 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 industry-specific regulatory requirements state and federal laws.
Required Experience:
IC
Employment Type
Full Time
