Associate, Investment Accounting - Derivatives
About The Position
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.
Requirements
- Bachelor’s degree in accounting or finance.
- 3-10 years of relevant experience.
- 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 successful process redesign from system enhancements and conversion.
- Commitment to lean principles while maintaining a strong Controls environment.
- Pro-active, detail oriented, deadline driven; possess excellent documentation and analytical skills.
Nice To Haves
- Derivatives experience a plus.
- Experience in insurance company Investment GAAP and Statutory reporting and/or Treasury accounting helpful.
- Familiarity with investment accounting systems (Clearwater) helpful.
Responsibilities
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
