Actuarial Associate Valuation
Actuarial Associate Valuation
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$ 79000 - 150600
1 Vacancy
Job Description
COMPANY OVERVIEW
Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise the company delivers tailored solutions to create more secure financial futures. The companys performance has been driven by its culture and core values focused on integrity teamwork and the importance of building longterm client relationships. Global Atlantic is a whollyowned subsidiary of KKR a leading global investment firm. Through its relationship the company leverages KKRs investment capabilities scale and access to capital markets to enhance the value it offers clients. KKRs parent company is KKR & Co. Inc. (NYSE: KKR).
Watch the Global Atlantic & KKR Partnership Story
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POSITION SUMMARY:
This position will support the valuation and financial reporting of life insurance blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business. Senior Analyst or Associate level position based on prior experience. Ideally located in Boston MA office but open to Des Moines IA office as well.
RESPONSIBILITIES:
- Calculating US Statutory Tax US GAAP reserves and other related actuarial balances.
- Providing analysis including reserve movement and sensitivities for both Statutory and GAAP balances.
- Analyzing and explaining the sources of earnings of the quarterly financial results.
- Maintaining and improving various controls including SarbanesOxley (SOX).
- Conducting annual impact testing for potential assumption changes.
- Working with the Modeling team related to any necessary modeling updates.
- Working with IT and data team on valuation system transformation.
- Supporting audit and regulatory requests.
QUALIFICATIONS:
- FSA designation with 5 years of experience or a career ASA with 10 years.
- 5 years of actuarial experience preferably with life insurance products.
- Knowledge of reinsurance structures is a plus.
- Knowledge of life US Statutory and GAAP valuation.
- Experience with actuarial software especially MGALFA Polysystems or Triton is helpful.
- Experience with Python or a similar language is a plus.
- Strong communication technical and analytical skills.
- Takes personal accountability for the of goals and objectives.
- Able to participate in the generation of new and unique ideas.
- Has positive attitude necessary to be part of a strong performing team.
To be considered for this role applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.
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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 Atlanticsbase salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantics total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses longterm 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 shortterm cash bonus and longterm incentives.
The base salary range for this role is
$79000 $150600 USD
TOTAL REWARDS STATEMENT
Global Atlantics employees thrive in a fastpaced highperforming culture with strong benefit options and wellbeing resources that support innovation accountability and stewardship. At Global Atlantic being an employer of choice means we are committed to offering employees a customizable and comprehensive benefits package. Global Atlantics total rewards package is reflective of our corporate values particularly diversity excellence and innovation with a focus on inclusion pay equity and flexibility. We strive to foster a culture of total wellbeing through community outreach and charitable giving programs. Learn more about our Charitable Giving Programs.
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 was proudly named: Best in Perks & Benefits Best Company WorkLife Balance Best Company Happiness and Best Company Compensation. Learn more about our Benefits offerings.
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 require an accommodation during the hiring process or after you are hired for any protected status under the ADA please email .
Discover more about Global Atlantic below:
Read the 2023 Corporate Responsibility Report
Explore the GA Careers Video Channel
Follow Global Atlantic on LinkedIn
View Global Atlantics Privacy Statement
Our employees are in the office 4 5 days per week in Hudson Yards NY and 34 days per week in all other offices. If you have questions on this policy or the application process please reach out to
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 industryspecific regulatory requirements state and federal laws.
Required Experience:
IC
Employment Type
Full Time
