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Global Atlantic · 2 weeks ago

Associate, Investment Accounting - Derivatives

20 Guest Street Brighton, MA

Full-time

Onsite

Mid, Senior Level

$130K/yr - $150K/yr

3+ years exp

Global Atlantic is a leading provider of retirement security and investment solutions. They are seeking an Associate to support operational accounting and reporting for derivatives, ensuring accuracy in investment results and collaborating with various teams to enhance processes.

Financial ServicesInsuranceLife InsuranceRetirement

Comp. & Benefits

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

Qualification

Investment AccountingDerivatives ExperienceGAAP ReportingStatutory ReportingProcess RedesignInvestment Accounting SystemsAnalytical SkillsDeadline DrivenDocumentation SkillsDetail Oriented

Required

Bachelor's degree in accounting or finance

3-10 years of relevant experience. Derivatives experience a plus

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 insurance company Investment GAAP and Statutory reporting and/or Treasury accounting helpful

Experience in successful process redesign from system enhancements and conversion

Commitment to lean principles while maintaining a strong Controls environment

Familiarity with investment accounting systems (Clearwater) helpful

Pro-active, detail oriented, deadline driven; possess excellent documentation and analytical skills