AVP, Reinsurance Accounting

3 weeks ago


Boston, United States Global Atlantic Financial Group Full time

AVP, Reinsurance AccountingGlobal 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, 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.Global Atlantic has an exciting and challenging opportunity located in our Boston, MA office (located in Brighton, MA until Fall 2026 and will relocate to 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, 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.Responsibilities:Perform monthly and/or quarterly ledger close related procedures, including review of reinsurance journal entries, reconciliations, and analysesDevelop and maintain standardized reinsurance reports required for monitoring resultsReview treaty documentation; verify information received from and provided to external parties complies with terms and conditions of treatiesPrepare analysis and commentary on key business drivers related to reinsurance resultsServe as the accounting support during review and on boarding of new transactions, as neededDevelop and implement standard reinsurance accounting modelsMaintain effective internal controls, support internal and external audits, and regulatory examinationsSupporting reporting process, as requiredDrive process improvements and automation effortsParticipate in special projects with cross-divisional and corporate impacts, with particular focus on collaboration and effective communicationOversee accounting and financial reporting for complex ceded and assumed reinsurance treaties, including YRT, coinsurance, funds withheld, and retrocession arrangements.Partner with multiple teams (including investment accounting, 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 Accounting7+ years of experience in the insurance industry or public accountingTeam player, positive attitude, results orientedStrong analytical and problem solving skills with the ability to draw conclusions from researchMust be well-organized, innovative, and possess a high level of initiativeStrong communication skills, work ethic and high-level of personal integrity and accountabilityExperience with PeopleSoft General Ledger, Hyperion Financial Management and Smartview/Essbase preferredCPA preferredTo 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 $140,000 - $175,000 USD



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