Associate, Investment Accounting - Derivatives

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, which entails ensuring the accuracy of the investment results across various hedging strategies on a GAAP, STAT and in our reinsurance sidecars, ensuring appropriate operational set up and maintenance of hedge documentation and supporting the investment office in the execution of various hedging strategies. This position will also support continued process enhancements and redesign that produces timely, accurate and complete investment accounting results in an efficient manner on a GAAP and STAT basis. All candidates must, in addition to possessing the specific qualifications cited below, work well within a complex, fast-paced, fluid environment, and strong organizational and interpersonal skills.

Principal Duties & Responsibilities

Responsibilities include, but are not limited to:

• Responsible for reviewing monthly reconciliations between the subledger and trading system for derivatives ensuring the accuracy of the financial statement results as it relates to derivatives.
• Support the review, preparation, and timely completion of 10Q/K derivative footnotes and NAIC schedules.
• Execute on process re-design as a result of the increase in our hedging strategies and transformation initiatives.
• Partner with the investment office to support new hedging strategies in collaboration with Accounting Policy to ensure execution of these results in 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 the accuracy of the financial statement results as it relates to derivatives.
• Engage with TPAs supporting hedge accounting and certain hedging strategies.
• Responsible for the execution of 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.
  
  

Requirements

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 the upstream processes and impacts to 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; possess excellent documentation and analytical skills.
  
  

Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.

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 position is $130,000-$150,000.

Privacy Statement

Our employees are in the office 5 days per week in New York and 4 days per week in all other offices. If you have questions on this policy or the application process, please reach out to benefits@gafg.com

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.