Global Atlantic Financial Group
Statutory Reporting AssociateDes Moines, Iowa, United States
Global Atlantic Financial Group, Des Moines, Iowa, United States, 50301
Statutory Reporting Associate
Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR). The Associate will join the Statutory Accounting and Reporting team in Des Moines to review and analyze the statutory financial statements, management reports, and related financial statement disclosures. This role also includes oversight and completion of audit and audited financial statements, assist in Statutory information requests, and lead team of two to support the individual markets sector. Candidates must be active team members, interacting with local and multi-state personnel to ensure adequate control and reconciliation of information posted to GAFG's ledger. Other interactions include working with the Planning & Analysis, Actuarial, Investment, Reinsurance, Tax, Legal and Compliance teams. Key responsibilities will include: Learn on the job about statutory reporting, reinsurance transactions, accounting for investments, capital requirements, and regulatory filing process. Review and approve journal entries within the close process cycle and reconcile ledger to source information, research/explain fluctuations in financials and prepare analysis and commentary on key business drivers. Review and oversee internal reinsurance settlements on a quarterly basis. Complete monthly assigned balance sheet and/or transaction reconciliations. Review quarterly and annual schedules included in the filings for a life and health insurance company and contribute to completion of schedules for multiple companies. This includes journal entry review and coordinating with other departments on work requirements and deadlines. Review financial statements and reports for auditors and regulatory agencies. Provide financial analysis and support for various projects and initiatives Assisting with external audits and examinations by preparing work papers, analyzing data, and preparing SSAP basis financial reports. Research and compile information for ad-hoc requests, including life and annuity business analysis, rating agency data compilation, state insurance department inquiries and other departmental requests. Identify weaknesses in internal SOX controls and make recommendations for improvements to workflows, procedures, and find reporting efficiencies. Qualifications: Bachelor's degree in Accounting and 5-7 years experience in the insurance industry or public accounting which includes some management experience. Experience in Statutory, IFRS or US GAAP accounting in a life insurance company preferred. Demonstrated analytical skills with the ability to draw conclusions from research and report on findings. Strong communication skills, work ethic and high level of personal integrity and accountability. Experience with PeopleSoft General Ledger, Business Object Enterprise, Hyperion Financial Management and Essbase preferred. Global Atlantic is an equal opportunity employer, does not discriminate in employment on any basis that is prohibited by federal, state, or local laws. Global Atlantic's base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic's total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives. The base salary range for this role is 110,000 - $140,000 USD.
Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR). The Associate will join the Statutory Accounting and Reporting team in Des Moines to review and analyze the statutory financial statements, management reports, and related financial statement disclosures. This role also includes oversight and completion of audit and audited financial statements, assist in Statutory information requests, and lead team of two to support the individual markets sector. Candidates must be active team members, interacting with local and multi-state personnel to ensure adequate control and reconciliation of information posted to GAFG's ledger. Other interactions include working with the Planning & Analysis, Actuarial, Investment, Reinsurance, Tax, Legal and Compliance teams. Key responsibilities will include: Learn on the job about statutory reporting, reinsurance transactions, accounting for investments, capital requirements, and regulatory filing process. Review and approve journal entries within the close process cycle and reconcile ledger to source information, research/explain fluctuations in financials and prepare analysis and commentary on key business drivers. Review and oversee internal reinsurance settlements on a quarterly basis. Complete monthly assigned balance sheet and/or transaction reconciliations. Review quarterly and annual schedules included in the filings for a life and health insurance company and contribute to completion of schedules for multiple companies. This includes journal entry review and coordinating with other departments on work requirements and deadlines. Review financial statements and reports for auditors and regulatory agencies. Provide financial analysis and support for various projects and initiatives Assisting with external audits and examinations by preparing work papers, analyzing data, and preparing SSAP basis financial reports. Research and compile information for ad-hoc requests, including life and annuity business analysis, rating agency data compilation, state insurance department inquiries and other departmental requests. Identify weaknesses in internal SOX controls and make recommendations for improvements to workflows, procedures, and find reporting efficiencies. Qualifications: Bachelor's degree in Accounting and 5-7 years experience in the insurance industry or public accounting which includes some management experience. Experience in Statutory, IFRS or US GAAP accounting in a life insurance company preferred. Demonstrated analytical skills with the ability to draw conclusions from research and report on findings. Strong communication skills, work ethic and high level of personal integrity and accountability. Experience with PeopleSoft General Ledger, Business Object Enterprise, Hyperion Financial Management and Essbase preferred. Global Atlantic is an equal opportunity employer, does not discriminate in employment on any basis that is prohibited by federal, state, or local laws. Global Atlantic's base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic's total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives. The base salary range for this role is 110,000 - $140,000 USD.