Reinsurance Accounting Associate Boston, Massachusetts, United States

Global Atlantic Financial Group; New York (NY); On-site; USD 65,000 - 140,000; Full time

Job summary

An established industry player is seeking a detail-oriented individual for a key role in treaty administration and reinsurance accounting. This dynamic position involves executing closing procedures, developing standardized reports, and maintaining internal controls across various accounting bases. The ideal candidate will thrive in a collaborative environment, driving process improvements and supporting significant projects. With a commitment to integrity and teamwork, this role offers a unique opportunity to contribute to an inclusive workplace while enhancing your professional skills in the insurance sector. If you're ready to make an impact, this role is for you!

Qualifications

• 5+ years of experience in the insurance industry or public accounting required.
• Strong analytical, problem-solving, and communication skills are essential.

Responsibilities

• Perform monthly and quarterly closing procedures and prepare reinsurance journal entries.
• Drive process improvements and support broader automation efforts.

Skills

Analytical Skills

Problem-Solving

Team Collaboration

Communication Skills

Organizational Skills

Education

Bachelor’s degree in accounting

Tools

PeopleSoft General Ledger

Hyperion Financial Management

SmartView/Essbase

Job description

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.

POSITION OVERVIEW

Global Atlantic has a challenging opportunity, located in our Boston, MA office. This enthusiastic, self-motivated individual will be part of a team-oriented environment supporting multiple operations, their teams and leadership throughout the organization. The individual will be responsible for treaty administration, reinsurance accounting, reporting, transaction analysis, ongoing process improvements and internal controls across multiple bases of accounting: USGAAP, NAIC, and Bermuda Statutory. The individual will also be supporting ongoing projects including Reinsurance Accounting automation and Finance transformation work.

KEY RESPONSIBILITIES

1. Perform monthly and/or quarterly closing procedures, including preparing and executing reinsurance journal entries, relevant account reconciliations, and analyses or results;
2. Develop and maintain standardized reinsurance reports required for monitoring results;
3. Review treaty documentation; verify information complies with terms and conditions of treaties;
4. Prepare analysis and commentary on key business drivers related to reinsurance;
5. Serve as accounting support during onboarding of new transactions;
6. Develop and implement standard reinsurance accounting models;
7. Maintain effective internal controls, support internal and external audits, and regulatory examinations;
8. Drive process improvements and support broader automation efforts;
9. Participate in special projects with cross-divisional and corporate impacts, with particular focus on collaboration and effective communication;

EXPERIENCE AND QUALIFICATIONS

1. Bachelor’s degree in accounting;
2. Minimum five (5) years of experience in the insurance industry or public accounting;
3. Team player, positive attitude, results oriented;
4. Strong analytical and problem-solving skills with the ability to draw conclusions from research;
5. Must be well-organized, innovative, and possess a high level of initiative;
6. Strong communication skills, work ethics and high-level of personal integrity and accountability;
7. Experience with PeopleSoft General Ledger, Hyperion Financial Management and SmartView/Essbase preferred;
8. CPA or CPA candidate preferred.

This position is not eligible for visa candidates now or in the future.

The base salary range for this role is:

$65,500—$140,000 USD

Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer, and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws.