AVP, Reinsurance Accounting at Global Atlantic Financial Group

Brighton, Massachusetts, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Reinsurance, Financial ServicesIndustries

Requirements

Bachelor’s degree in Accounting
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
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
CPA preferred
Authorized to work for any employer in the U.S. (no sponsorship available)

Responsibilities

Perform monthly and/or quarterly ledger close related procedures, including review of reinsurance journal entries, reconciliations, and analyses
Develop and maintain standardized reinsurance reports required for monitoring results
Review treaty documentation; verify information received from and provided to external parties complies with terms and conditions of treaties
Prepare analysis and commentary on key business drivers related to reinsurance results
Serve as the accounting support during review and on boarding of new transactions, as needed
Develop and implement standard reinsurance accounting models
Maintain effective internal controls, support internal and external audits, and regulatory examinations
Supporting reporting process, as required
Drive process improvements and automation efforts
Participate in special projects with cross-divisional and corporate impacts, with particular focus on collaboration and effective communication
Oversee accounting and financial reporting for complex ceded and assumed reinsurance treaties, including YRT, coinsurance, funds withheld, and retrocession arrangements
Partner with multiple teams (including investment accounting, actuarial, and risk teams) to ensure accuracy in reserve movements, deferred gains/losses, and reinsurance recoverables
Develop governance controls and documentation supporting treaty onboarding, premium settlements, and collateral tracking
Serve as key liaison for regulatory examinations and external auditors on reinsurance-related matters
Mentor junior accountants and analysts; provide technical guidance on reinsurance accounting treatments

Skills

Reinsurance Accounting

USGAAP

NAIC

Bermuda Statutory

Ledger Close

Journal Entries

Reconciliations

Treaty Administration

Financial Reporting

Process Improvements

Internal Controls

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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