Associate, Investment Accounting at Global Atlantic Financial Group

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial Services, InvestmentsIndustries

Requirements

Renewable energy investment accounting background (strongly preferred)
Bachelor’s degree in Accounting or Finance, CPA a plus
7-10 years of relevant experience
Public Accounting experience a plus
Strong technical accounting skills and knowledge of GAAP and knowledge of Statutory accounting principles related to renewable energy investments
Familiarity with complex transactions, internal securitizations and SPVs
Familiarity with investment accounting systems
Strong analytical skills
Excellent computer skills, including MS Excel
Pro-active, detail oriented, deadline driven; possess excellent documentation and analysis skills
Results oriented, flexible, self-motivated, and able to work in a team environment with limited direct supervision
Solid written and oral communication skills
Proven ability to successfully handle competing priorities and multiple deliverables
Authorized to work for any employer in the U.S. (no sponsorship available)

Responsibilities

Work cross functionally to recognize and record complex new renewable energy and infrastructure investment acquisitions and dispositions
Responsible for the monthly investment and suspense reconciliations primarily for renewable energy and infrastructure investments, including the ledger and TPA statements for various subsidiaries on a GAAP basis; including preparing and reviewing journal entries, account reconciliations and other investment accounting activities
Perform month end closing procedures, including analytical reviews of Special Purpose Vehicle (“SPV”) financial statements, income statement and balance sheet
Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule
Prepare monthly management reports that provide analysis of investment results
Oversight and monitoring of activity in each SPV assigned
Perform ad hoc analysis and assist with special projects, as requested
Collaborate with functional teams, including Auditors on requests and periodic monitoring of investments

Skills

Key technologies and capabilities for this role

GAAPJournal EntriesAccount ReconciliationsLedger ReconciliationsInvestment Accounting10Q Disclosures10K DisclosuresRenewable Energy InvestmentsInfrastructure Investments

Questions & Answers

Common questions about this position

What experience level is required for this Associate, Investment Accounting role?

The position requires 7-10 years of relevant experience.

What education and certifications are needed for this position?

A Bachelor’s degree in Accounting or Finance is required, and CPA is a plus.

What key skills are essential for success in this role?

Candidates need strong technical accounting skills and knowledge of GAAP and Statutory accounting principles related to renewable energy investments, plus excellent verbal and written communication skills, strong organizational and interpersonal skills.

What is the work environment like at Global Atlantic?

The role involves working within a complex, fast-paced, fluid environment with a proven ability to execute results timely and accurately while adhering to strict deadlines.

What makes a strong candidate for this investment accounting position?

A strong candidate has renewable energy investment accounting background (strongly preferred), public accounting experience (a plus), and familiarity with complex transactions and internal securitization.

Global Atlantic Financial Group

Provides capital and risk management solutions

About Global Atlantic Financial Group

Global Atlantic Financial Group specializes in providing capital and risk management solutions for global retirement and life insurance companies. They offer products like annuities, which provide a steady income stream for retirees, and focus on building long-term partnerships by understanding their clients' financial goals. The company generates revenue through fees and premiums from their financial products and emphasizes a culture of integrity and commitment to clients and communities. Their goal is to create tailored solutions that meet the specific needs of their clients.

New York City, New YorkHeadquarters

2004Year Founded

$986.7MTotal Funding

BUYOUTCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Mental Health Support

Wellness Program

Flexible Work Hours

Hybrid Work Options

Risks

Economic downturns could impact the preneed insurance market with SCI.

Technical challenges may arise from new standardized messaging systems.

Reliance on third-party tech solutions poses potential security vulnerabilities.

Differentiation

Global Atlantic excels in investment and risk management within the insurance industry.

The company has strong institutional partnerships, enhancing its client-centric approach.

Global Atlantic's affiliation with KKR provides a robust financial foundation.

Upsides

Partnership with SCI positions Global Atlantic as a leader in preneed insurance.

Adoption of Sonrai Security's technology enhances operational efficiency and security.

Public-private investment solutions align with Global Atlantic's innovative capital strategies.

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