INACTIVE

Full-Time

Avp – Loan & Funds GAAP Investment Controllership

Posted on 4/27/2024

Global Atlantic

1,001-5,000 employees

Provides life insurance and annuity products

Financial Services

Compensation Overview

$102,500 - $195,500Annually

+ Annual Cash Bonuses + Long-Term Incentives + Sales Incentives

Senior

New York, NY, USA

Required Skills

Data Analysis

Requirements

Bachelor's degree in Accounting or Finance
10-12 years of relevant experience
Strong knowledge in accounting for loans and funds
Strong leadership skills
Insurance company Investment GAAP and Statutory reporting a plus
Ability to effectively communicate complex accounting
Pro-active, detail oriented, deadline driven
Proven ability to successfully handle close processes, competing priorities and multiple deliverables
This role is not eligible for visa sponsorship now or in the future

Responsibilities

Responsible for the preparation and review of Global Atlantic’s GAAP 10Q/K investment disclosures for investments in loans and funds
Responsible for obtaining and maintaining centralized documentation for loan modifications, TDRs and foreclosures
Responsible for quarterly CECL / impairment process for loans and funds
Review month end closing procedures
Proactively manage developments in GAAP accounting for these asset classes
Lead and develop the process for any new investments in these asset classes
Responsible for enhancing and performing timely investment analytics
Collaborate with external auditors to resolve audit inquiries
Perform control functions in compliance with Sarbanes-Oxley Section 404
Perform frequent ad hoc analysis and assist with special projects

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. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

We are 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.

The KKR-Global Atlantic partnership - The Global Atlantic Story

Greenhouse is our scheduling tool and we communicate through their systems. At times, your email may block our communications. Please be sure to check your SPAM so that you do not miss critical information about our process, including scheduling.

Position Summary:

Global Atlantic is seeking a candidate to manage the accounting and reporting for our loan and fund investments. This individual will:

be part of the Investment Controller team within Investment Accounting and be responsible for investment disclosures, reconciliations, and management of quarterly accounting processes for loans and funds.
partner with the Investment Office to support the execution and ongoing analysis of our loan and fund portfolio and ensure proper consolidations and intercompany eliminations related to these investments.
be required to bridge the accounting guidance to ensure that the operational set up and the accounting producing the financial statements adheres to GAAP.

Ability to process and analyze a high level of data from various sources is a must. Collaborating with multiple functions and departments is a critical component of this role requiring excellent interpersonal skills, flexibility and critical thinking. The role will offer exposure to multiple levels of management and GA functions, including Finance / Controllers, IT and Investment Office. All candidates must, in addition to possessing the specific qualifications cited below, work well within a complex, fast-paced, fluid environment, and strong organizational skills.

Responsibilities include, but are not limited to:

Responsible for the preparation and review of Global Atlantic’s GAAP 10Q/K investment disclosures for investments in loans and funds, reconciliation to the corporate ledger and management reporting.
Responsible for obtaining and maintaining centralized documentation for loan modifications, TDRs and foreclosures through coordination with Investment Office and third party servicers
Responsible for quarterly CECL / impairment process for loans and funds, including obtaining results from Investment Office, accounting and reporting, ensuring completeness and adherence to US GAAP.
Review month end closing procedures, including analytical reviews of income statement and balance sheet to support the accuracy of our financial statements.
Proactively manage developments in GAAP accounting for these asset classes in collaboration with the accounting policy team.
Lead and develop the process for any new investments in these asset classes to integrate these into the reporting process ensuring the appropriate accounting and reporting.
Responsible for enhancing and performing timely investment analytics to provide senior management results of investment performance at the right level of detail for the audience
Collaborate with external auditors to resolve audit inquiries and fulfill audit requests on a timely manner.
Perform control functions in compliance with Sarbanes-Oxley Section 404.
Perform frequent ad hoc analysis and assist with special projects, as requested.

Candidate Qualifications:

Bachelor’s degree in Accounting or Finance.
10-12 years of relevant experience.
Strong knowledge in accounting for loans and funds with a foundational understanding of the upstream processes and impacts to downstream accounting and reporting.
Strong leadership skills with the ability to deliver against tight deadlines.
Insurance company Investment GAAP and Statutory reporting a plus.
Ability to effectively communicate complex accounting to different stakeholders in the organization at all levels
Pro-active, detail oriented, deadline driven; possess excellent documentation and analytical skills.
Proven ability to successfully handle close processes, competing priorities and multiple deliverables.
This role is not eligible for visa sponsorship now or in the future.

#LI-WC1

#LI-hybrid

Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.

Global Atlantic’s base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives.

The base salary range for this role is

$102,500—$195,500 USD

Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes. Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.

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: StreetWise Partners, Covenant House, Partnership for New York City, City Meals on Wheels, Habitat for Humanity, Billion Oyster Project
Boston: Cradles to Crayons, Boston’s Healthcare for the Homeless, Thompson Island Outward Bound, Rosie’s Place, Catie’s Closet, Project Bread, Rise Against Hunger, Space to Thrive
Hartford: Junior Achievement, Habitat for Humanity, Oliver’s Pajama, United Way
Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
Batesville: So Loved Ripley County Foster Closet, Safe Passage Family Shelter, YES Home Juvenile Rehabilitation, Ripley County Community Foundation
Des Moines: United Way of Central Iowa, Meals from the Heartland, Junior Achievement, Math Motivators, Bidwell Riverside, Orchard Place, Knock and Drop
Berwyn/Wayne: Habitat for Humanity, Chester County Food Bank, Surrey Services, For Pete’s Sake Respite
Bermuda: Keep Bermuda Beautiful, Center Against Abuse, Truck Island Nature Reserve, Bermuda Economic Development Corporation

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.

Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you are hired and require an accommodation for any protected status, please email [email protected].

Please click on the links below to learn more about Global Atlantic.

Global Atlantic Privacy Statement

Our employees are in the office 4 or 5 days a week in Hudson Yards, NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact [email protected].

Global Atlantic

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Global Atlantic Financial Group specializes in providing life insurance and annuity products that aid individuals and institutions in accomplishing their financial objectives. By focusing on investment and risk management expertise, the company helps clients secure stable retirement planning, manage long-term care expenses, and craft legacies. This commitment to tailored financial solutions supports a visionary workplace environment, making it an attractive employer for professionals aiming to impact financial security and innovation in the insurance industry.

Company Stage

Private

Total Funding

$1B

Headquarters

New York, New York

Founded

2004

Growth & Insights

Headcount

6 month growth

↑ 5%

1 year growth

↑ 11%

2 year growth

↑ 30%

INACTIVE