Senior Accountant, Accounting Operations
OppFiSalary not specified
Full Time
Senior (5 to 8 years)
AVP, Reinsurance Accounting at Global Atlantic Financial Group
Brighton, Massachusetts, United States
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
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
Is this role remote or does it require office presence?
The role is based in the Boston, MA office, located in Brighton, MA until Fall 2026 and then relocating to Two International Place, Boston, MA. No remote work option is mentioned.
What salary or compensation is offered for this AVP position?
This information is not specified in the job description.
What key skills and experience are required for this reinsurance accounting role?
The role requires experience in reinsurance accounting across USGAAP, NAIC, and Bermuda Statutory bases, managing complex treaties like YRT, coinsurance, funds withheld, and retrocession, strong analytical skills for journal entries, reconciliations, and reporting, plus expertise in internal controls, process improvements, and cross-team collaboration.
What is the work environment like at Global Atlantic?
The role is in a team-oriented environment supporting multiple operations, teams, and leadership, with emphasis on collaboration, communication, and partnering with investment accounting, actuarial, and risk teams.
What makes a strong candidate for this AVP, Reinsurance Accounting position?
An experienced accounting professional with expertise in reinsurance treaty administration, financial reporting across multiple accounting bases, process automation, internal controls, and mentoring junior staff stands out. Strong collaboration skills and ability to handle regulatory examinations and complex transactions are key.
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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