Global Atlantic
Associate, Investment Accounting - Derivatives
Global Atlantic, Boston, Massachusetts, us, 02298
About Global Atlantic
Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S., Bermuda, and Japan. As a wholly‑owned subsidiary of KKR (NYSE: KKR), a leading global investment firm, Global Atlantic combines deep insurance expertise with KKR’s powerful investment capabilities to deliver long‑term financial security for millions of individuals worldwide. With a broad suite of annuity, preneed life insurance, reinsurance, and investment solutions, Global Atlantic, through its issuing companies, helps people achieve their financial goals with confidence. For more information, please visit www.globalatlantic.com.
Position Summary Global Atlantic is seeking a candidate to support the operational accounting and reporting for derivatives across our various insurance subsidiaries. The role involves ensuring the accuracy of investment results across various hedging strategies on a GAAP, STAT and reinsurance sidecar basis, maintaining hedge documentation, and supporting the investment office in executing hedging strategies. The position also drives process enhancements and redesign to produce timely, accurate, and complete investment accounting results efficiently on a GAAP and STAT basis. Candidates must possess the specific qualifications below and excel in a complex, fast‑paced, fluid environment with strong organizational and interpersonal skills.
Principal Duties & Responsibilities
Review monthly reconciliations between the subledger and trading system for derivatives, ensuring accuracy of the financial statement results as they relate to derivatives.
Support the review, preparation, and timely completion of 10Q/K derivative footnotes and NAIC schedules.
Execute process redesign initiatives resulting from increased hedging strategies and transformation projects.
Partner with the investment office to support new hedging strategies in collaboration with Accounting Policy, ensuring appropriate GAAP, STAT and reinsurance accounting and reporting for derivatives.
Collaborate with TPAs, middle office, front office, and technology teams regarding requirements for redesign of data ingested for accounting, reporting, and reconciliations, ensuring accuracy of the financial statement results as they relate to derivatives.
Engage with TPAs supporting hedge accounting and certain hedging strategies.
Execute processes and checks that support hedge accounting.
Support external auditors on all derivative‑related matters.
Perform control functions in compliance with Sarbanes‑Oxley Section 404 and NAIC Model Audit Rule.
Perform frequent ad‑hoc analysis and assist with special projects, as requested.
Candidate Qualifications
Bachelor’s degree in accounting or finance.
3‑10 years of relevant experience; derivatives experience a plus.
Experience in investment accounting and/or investment/treasury operations with a foundational understanding of upstream processes and their impacts on downstream accounting and reporting.
Experience in insurance company investment GAAP and statutory reporting and/or treasury accounting helpful.
Experience in successful process redesign from system enhancements and conversion.
Commitment to lean principles while maintaining a strong controls environment.
Familiarity with investment accounting systems (Clearwater) helpful.
Pro‑active, detail‑oriented, deadline‑driven; excellent documentation and analytical skills.
Salary & Compensation The base salary range for this position is $130,000—$150,000. Compensation is based on geographic location, work experience, education, licensure requirements and/or skill level, and will be finalized at the time of offer.
Additional Information 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.
Office Location Our employees work in the office five days per week in New York and four days per week in all other offices.
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Position Summary Global Atlantic is seeking a candidate to support the operational accounting and reporting for derivatives across our various insurance subsidiaries. The role involves ensuring the accuracy of investment results across various hedging strategies on a GAAP, STAT and reinsurance sidecar basis, maintaining hedge documentation, and supporting the investment office in executing hedging strategies. The position also drives process enhancements and redesign to produce timely, accurate, and complete investment accounting results efficiently on a GAAP and STAT basis. Candidates must possess the specific qualifications below and excel in a complex, fast‑paced, fluid environment with strong organizational and interpersonal skills.
Principal Duties & Responsibilities
Review monthly reconciliations between the subledger and trading system for derivatives, ensuring accuracy of the financial statement results as they relate to derivatives.
Support the review, preparation, and timely completion of 10Q/K derivative footnotes and NAIC schedules.
Execute process redesign initiatives resulting from increased hedging strategies and transformation projects.
Partner with the investment office to support new hedging strategies in collaboration with Accounting Policy, ensuring appropriate GAAP, STAT and reinsurance accounting and reporting for derivatives.
Collaborate with TPAs, middle office, front office, and technology teams regarding requirements for redesign of data ingested for accounting, reporting, and reconciliations, ensuring accuracy of the financial statement results as they relate to derivatives.
Engage with TPAs supporting hedge accounting and certain hedging strategies.
Execute processes and checks that support hedge accounting.
Support external auditors on all derivative‑related matters.
Perform control functions in compliance with Sarbanes‑Oxley Section 404 and NAIC Model Audit Rule.
Perform frequent ad‑hoc analysis and assist with special projects, as requested.
Candidate Qualifications
Bachelor’s degree in accounting or finance.
3‑10 years of relevant experience; derivatives experience a plus.
Experience in investment accounting and/or investment/treasury operations with a foundational understanding of upstream processes and their impacts on downstream accounting and reporting.
Experience in insurance company investment GAAP and statutory reporting and/or treasury accounting helpful.
Experience in successful process redesign from system enhancements and conversion.
Commitment to lean principles while maintaining a strong controls environment.
Familiarity with investment accounting systems (Clearwater) helpful.
Pro‑active, detail‑oriented, deadline‑driven; excellent documentation and analytical skills.
Salary & Compensation The base salary range for this position is $130,000—$150,000. Compensation is based on geographic location, work experience, education, licensure requirements and/or skill level, and will be finalized at the time of offer.
Additional Information 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.
Office Location Our employees work in the office five days per week in New York and four days per week in all other offices.
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