AVP, Reinsurance Accounting Job at Global Atlantic Financial Group in Boston
Global Atlantic Financial Group, Boston, MA, United States, 02298
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, the company combines deep insurance expertise with 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 helps people achieve their financial goals with confidence.
Position Overview
Global Atlantic has an exciting opportunity located in our Boston office (in Brighton, MA until Fall 2026, then at Two International Place, Boston, MA). We are seeking an experienced accounting professional to manage reinsurance accounting and reporting activities. The individual will be part of a team‑oriented environment supporting multiple operations, teams, and leadership throughout the organization.
Responsibilities
- Perform monthly/quarterly ledger close 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 complies with terms and conditions.
- Prepare analysis and commentary on key business drivers related to reinsurance results.
- Serve as accounting support during review and onboarding of new transactions.
- Develop and implement standard reinsurance accounting models.
- Maintain effective internal controls; support internal and external audits and regulatory examinations.
- Support reporting processes as required.
- Drive process improvements and automation efforts.
- Participate in special projects with cross‑divisional impact, emphasizing collaboration and communication.
- Oversee accounting and financial reporting for complex ceded and assumed reinsurance treaties, including YRT, coinsurance, funds withheld, and retrocession arrangements.
- Partner with investment, 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.
Qualifications
- Bachelor’s degree in Accounting.
- 7+ years of experience in the insurance industry or public accounting.
- Team player with a positive attitude and results‑oriented mindset.
- Strong analytical and problem‑solving skills with the ability to draw conclusions from research.
- Highly organized, innovative, with a high level of initiative.
- Strong communication skills, work ethic, and high-level personal integrity and accountability.
- Experience with PeopleSoft General Ledger, Hyperion Financial Management, and Smartview/Essbase preferred.
- CPA preferred.
To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment visa at this time.
The base salary range for this role is $145,000–$180,000 USD.
Our employees are in the office 5 days per week in New York and 4 days per week in all other offices.
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 applicable industry‑specific regulatory requirements, state and federal laws.