Full-Time

Investment Accounting Associate

Updated on 11/20/2024

Global Atlantic Financial Group

Global Atlantic Financial Group

1,001-5,000 employees

Provides capital and risk management solutions

Fintech
Financial Services

Compensation Overview

$72.5k - $138kAnnually

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

Mid

No H1B Sponsorship

Boston, MA, USA

Hybrid position; in-office presence required 3-4 days per week.

Category
Cost Accounting
Financial Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • Real estate accounting background (preferred)
  • Bachelor’s degree in Accounting or Finance. CPA, MBA, CFA preferred.
  • 5-7 years of relevant experience.
  • Public Accounting experience a plus.
  • Strong technical accounting skills and knowledge of GAAP and knowledge of Statutory accounting principles related to investments.
  • Familiarity with complex transactions, internal securitizations and SPVs.
  • Strong analytical skills.
  • Familiarity with investment accounting systems.
  • Excellent computer skills, including MS Excel.
  • 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 with limited direct supervision.
  • Solid written and oral communication skills.
  • Proven ability to successfully handle competing priorities and multiple deliverables.
Responsibilities
  • Work cross functionally to recognize and record complex new real estate acquisitions and dispositions
  • Responsible for the monthly investment and suspense reconciliations primarily for real estate investments. This entails the ledger and TPA statements for various subsidiaries on a GAAP basis; including preparing and reviewing journal entries, account reconciliations and other investment accounting activities.
  • Perform month end closing procedures, including analytical reviews of Special Purpose Vehicle (“SPV”) financial statements, income statement and balance sheet.
  • Perform control functions in compliance with Sarbanes-Oxley Section 404 and NAIC Model Audit Rule.
  • Prepare monthly management reports that provide analysis of investment results.
  • Oversight and monitoring of activity in each SPV assigned.
  • Perform ad hoc analysis and assist with special projects, as requested.
  • Collaborate with functional teams, including Auditors on requests and periodic monitoring of investments.
Global Atlantic Financial Group

Global Atlantic Financial Group

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Global Atlantic Financial Group specializes in providing capital and risk management solutions for retirement and life insurance companies. They offer products like annuities, which provide a steady income stream for retirees, and focus on building long-term partnerships with their clients to tailor strategies that meet specific financial goals. What distinguishes them from competitors is their client-centric approach and commitment to integrity. Their goal is to foster a purpose-driven culture that invests in their people and communities.

Company Stage

Acquired

Total Funding

$986.7M

Headquarters

New York City, New York

Founded

2004

Growth & Insights
Headcount

6 month growth

41%

1 year growth

41%

2 year growth

41%
Simplify Jobs

Simplify's Take

What believers are saying

  • The groundbreaking partnership with Service Corporation International positions Global Atlantic as a leader in the preneed insurance market.
  • Expansion plans, including job creation in multiple offices, indicate robust business growth and opportunities for career advancement.
  • Sponsorship of initiatives like the SCORE pitch competition and Fintech Sandbox highlights Global Atlantic's commitment to innovation and community support.

What critics are saying

  • The financial services sector is highly competitive, requiring continuous innovation to maintain market position.
  • Dependence on partnerships, such as with Service Corporation International, could pose risks if these relationships falter.

What makes Global Atlantic Financial Group unique

  • Global Atlantic's focus on both in-force and new business needs sets it apart from competitors who may only specialize in one area.
  • Their client-centric approach ensures tailored solutions, enhancing client satisfaction and long-term partnerships.
  • The company's strong emphasis on integrity and community investment fosters a purpose-driven culture that resonates with clients and employees alike.

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