Associate Actuary, Third Party Reinsurance Management
Associate Actuary, Third Party Reinsurance Management
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$ 82000 - 156600
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).
POSITION SUMMARY:
The ThirdParty Reinsurance Management Associate Individual Markets will join the Des Moinesbased Global Atlantic Life and Annuity Operations team. Act as a key contact for internal and external queries related to reinsurance on both Life and Annuity products including external reinsurance reinsurance third party administration and other key stakeholders. This position will have opportunities to interact with many areas of the company and external partners internally including new business operations product development sales/marketing corporate actuarial legal and senior management and externally interacting with our reinsurance third party administrator and reinsurers.
RESPONSIBILITIES:
- Oversight of work effort performed by the reinsurance TPA
- Analyze financial impact of changes in reinsurance coverage and retention generally arising from reinsurer queries .
- Organize and present postings to internal committees and senior management by way of the reinsurance working group and other designated committees
- Manage and support reinsurance captives
- Provide product and system expertise related to reinsurance for all areas of the company and our reinsurance third party administrator (TPA)
- Respond to escalated service and system issues relating to reinsurance queries and issues
QUALIFICATIONS:
- Actuarial background with an ASA preferred with at least five (5) years of financial services industry experience is required
- Experience with life and annuity product features is preferred
- A go getter mentality taking initiative and suggesting a course of action independently
- Strong verbal and written communication skills with the ability to present technical information to nontechnical audiences
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.
LICA1
LIHybrid
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
$82000 $156600 USD
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
