VP, Transaction Accounting Strategy

at Global Atlantic Financial Group
Boston, Massachusetts, United States

Currently, we are conducting all of our interviews over video. We have a voluntary return to office policy until July 6th. After July 6th, our employee population will be required to go to the office an average of 1 day a week until Labor Day. After Labor Day, we will have a regular cadence of being in the office. If you have any questions regarding this policy, please reach out to recruiting@gafg.com.

COMPANY OVERVIEW

Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers asset management and capital markets solutions across multiple strategies.

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.

POSITION OVERVIEW

The VP will drive the accounting assessment, development of alternative positions, communication, and hand off to operational accounting units of the accounting strategies developed to support Global Atlantic Institutional business.  Reporting to and working close with the CFO of the reinsurance entities, the successful candidate will research and instruct business and accounting colleagues in the accounting and disclosure requirements and fit to the business situation across at least 3 accounting bases (US GAAP, US Statutory, and Bermuda Statutory).  Depending upon the experience of the candidate, responsibilities may include FRS (UK reporting) and capital management bases such as Economic Balance Sheet.   This position supports Global Atlantic’s Institutional Business, which is. This position will coordinate conclusions, documentation and ensure our compliance with and signoff from Accounting Policy.  Opportunity exists to provide accounting position support to our Ivy sidecar, assisting the Ivy CFO and Controller in another key focus area of the Institutional business.  This individual works with senior leaders in assessing accounting implications of new initiatives and transactions, and in communicating requirements of new accounting standards, and will represent Institutional business in providing feedback in the development of Global Atlantic accounting positions and for accounting policy matters to auditors and other external constituents.  This role is cleared to be based in either New York, NY, Boston, MA or Bermuda.

 

Primary Responsibilities

  • Review and evaluate new transactions across all business lines, products, and initiatives and determine appropriate accounting treatment.  Effectively communicate to senior leaders the key considerations and implications
  • Manage small team to draft and maintain reinsurance transaction accounting memos and their execution, contribute to the annual update of reinsurance accounting policies.  Flag new situations for accounting position paper or consultation with subject matter experts related to Institutional business activities.  Ensure compliance with accounting policies and develop and maintain controls.
  • Engage with Accounting Policy team on unique accounting positions (i.e., significant accounting issues) not directly covered in the policy manual and assist in the documentation and resolution
  • Collaborate with the SEC/GAAP/STAT/Bermuda reporting teams to prepare regular, quarterly accounting policy disclosures in financial statements and regulatory filings consistent with industry leading practices
  • Interact with auditors and other constituents on accounting policy matters
  • Monitor new and emerging accounting policy developments and assess impact on reinsurance activities and Institutional business and our Reinsurer entities’ financial statements; Collaborate with Finance, Actuarial, Investments, Risk, and other stakeholders to assess, plan for, and implement new policies
  • Develop effective communication and partnerships with Institutional, Actuarial, Risk and Finance to achieve business goals. 

 

QUALIFICATIONS

  • Bachelor’s degree required in Accounting or related field
  • Certified Public Accountant Required
  • Big 4 experience preferred
  • Minimum 8 years of experience in accounting policy and/or GAAP/SEC/ US Statutory reporting roles at life insurance companies or other financial services organizations.  Life insurance reporting experience is highly preferred.
  • Prior experience overseeing GAAP, SEC, or Statutory functions
  • Demonstrated expertise in GAAP, SEC, and Statutory accounting standards and practices
  • Ability to work collaboratively and lead the assessment and implementation of new accounting policies
  • Proven leadership skills
  • Strong communication skills, written and oral
  • Applies strategic thinking approach to work product
  • Demonstrated commercial acumen.  Experience supporting sales, M&A or other complex transactions

 

 

TOTAL REWARDS STATEMENT  

Global Atlantic’s total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We are proud to support your personal and professional growth and well-being through programs such as educational assistance, virtual physical therapy, remote/onsite fitness reimbursement, a medical second opinion program, pet insurance, military leave, parental leave, adoption assistance, fertility and family planning coverage. We strive to foster a culture of total well-being through community outreach and charitable giving programs.

We are active in our communities-

  • New York: Red Hook Conservancy, Girls Who Invest and The Bowery Mission
  • Boston: Cradles to Crayons, Project Bread, Let’s Get Ready, Rise Against Hunger, Salvation Army and many other local volunteer organizations in around the Boston area
  • Hartford: Habitat for Humanity, Foodshare, Humane Society, Hands on Hartford, Mercy Shelter and Dog Star Rescue
  • Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
  • Batesville: American Cancer Society Relay for Life, Angels of Giving, Margaret Mary Health Foundation, Ripley County Community Foundation, Safe Passage, Batesville High School Sponsorships, local area youth sports and food pantries, as well as many others
  • Des Moines: United Way, Central Iowa Shelter & Services, Junior Achievement of Central Iowa and Make a Wish Foundation
  • Berwyn: Food drive and will be planning an event to help a local family over the holidays
  • Atlanta: Packaged Good Organization, which helps the most vulnerable community members with providing personalized care packages for people in need including the elderly, our armed forces, the homeless and hospitalized kids
  • Bermuda: Sponsor of a weekly feeding program operated by The Hamilton Seventh-Day Adventist Church

 

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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