Investment Accounting Associate

at Global Atlantic Financial Group
Boston, Massachusetts, United States

**We are still hiring and interviewing for this position. We are conducting interviews over video. Our employees can voluntarily return to our office, and we are fully supporting remote work throughout the end of 2020.  This position can be remote ongoing, but we would prefer to have the candidate within 50 miles of an office.


Global Atlantic is one of the fastest growing companies in the Life and Annuity industry. We are focused on the U.S. retirement and life insurance markets with a broad range of annuities and life insurance options, as well as reinsurance solutions. Our success is driven by competitive, innovative product designs, leading investment management and integrated risk management, along with highly experienced leadership. 

Global Atlantic is looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us. 

In July 2020, KKR & Co. signed a strategic transaction to acquire Global Atlantic.  The transaction is expected to close in early 2021, subject to required regulatory approvals and certain other customary closing conditions.


Global Atlantic is seeking a candidate to support the investment accounting for various insurance subsidiaries, which entails preparing the monthly ledger reconciliations to validate the accuracy of the investment results in our subledgers on a GAAP and STAT basis and  preparing the required quarterly and annual NAIC Investment schedules. This position will also support process enhancements related to achieving an accelerated close 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.


 Responsibilities include, but are not limited to:

  • Responsible for performing monthly investment reconciliation between the ledger and subledger for various insurance subsidiaries on a GAAP and STAT basis;  for multiple asset classes( fixed maturity securities, private loans and derivatives),  including identifying the variances, researching root causes  and other investment accounting activities.
  • Oversee month end closing procedures, including analytical reviews of income earned, unsettled trades, suspense accounts, and other financial statement items.
  • for performing monthly investment reconciliation between the ledger and subledger for various insurance subsidiaries on a GAAP and STAT basis; primarily for fixed maturity securities, including preparing journal entries and other investment accounting activities.
  • Perform month end closing procedures, including analytical reviews of income earned, unsettled trades, suspense accounts, and other financial statement items.
  • Responsible for the preparation of quarterly and annual NAIC Investment Schedules.
  • Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule.
  • Participate in executing the testing for the conversion of our investment portfolio to Clearwater Analytics
  • Prepare management reports that provide analysis of investment results.

Candidate Qualifications:

  •  Bachelor’s degree in Accounting or Finance.  
  • 4-7 years of relevant experience.  
  • Strong analytical skills.
  • Familiarity with investment accounting systems (PAM & Clearwater). 
  • Excellent computer skills, including MS Excel; data warehouse design or support a plus.
  • Pro-active, detail oriented, deadline driven; possess excellent documentation and analysis skills.
  • Results oriented, flexible, self motivated , and able to work in a team environment.
  • Solid written and oral communication skills.

At Global Atlantic, enjoy a highly competitive compensation and benefits package, with a focus on pay equity and flexibility. We are proud to support work/life balance with flexible work arrangements that meet individual and business needs. A casual dress code, above-average paid time off, parental and military leave, adoption assistance and tuition reimbursement are just a few of the extra perks that make Global Atlantic a great place to work. We strive to foster a culture of total well-being through community outreach and charitable giving programs.  

In Boston we actively partner with the Cradles to Crayons, Stand Up2 Cancer, Let’s Get Ready, the Salvation Army and many other volunteer organizations in Boston area.   many others.  Social platforms provide an environment to collaborate with others and participate in friendly competitions towards achieving physical, emotional and financial well-being. Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family. 

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.  More than that, we strive to be inclusive of all backgrounds and experiences, which we feel gives us a competitive advantage in the market and within our firm.  All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status. 


Global Atlantic Financial Company Employee Candidate Privacy Notice 

Voluntary Inclusion Questions

We encourage qualified applicants from all backgrounds to apply.  As such, we are committed to achieving a diverse candidate pool for open positions and that our interview teams are made up of employees from different backgrounds.  Sharing your background with us will help us with that focus, although recruiters and hiring managers will not have the ability to see individual responses (only aggregate information).  

This information is not used to determine who is selected for interviews or will be hired, but is helpful in identifying resources, sites and groups which add value in increasing our applicant pool and ensures that we attract the best and most diverse workforce.  This is purely voluntary but will help our mission to be inclusive.  


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