AVP - Actuarial Modeling
AVP - Actuarial Modeling
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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 long-term client relationships. Global Atlantic is a wholly-owned 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 OVERVIEW
The position is on the Actuarial Modeling team at Global Atlantics Boston office. While Boston is the preferred location other Global Atlantic office locations may be open to Des Moines IA Office.
RESPONSIBILITIES:
- Build actuarial models for newly acquired institutional blocks on our new state-of-the-art Milliman Integrate Actuarial platform
- Models will be used to support GAAP US and Bermuda Statutory reporting cash-flow testing and other analysis
- Develop and maintain testing tools for new models
- Support assumption updates and impact quantification
- Support model production team in producing quarterly/monthly valuation results
- Follow and employ model development best practices including:
- Model design
- Change management testing and governance
- Documentation
- Model validation
- Adherence to SOX and Risk Management policies
- Support internal and external auditing activities as well as regulatory exams and inquiries as needed
QUALIFICATIONS:
- Bachelors degree in Actuarial Science Mathematics Statistics Finance or other related fields
- FSA or established ASA with 10 years of experience in the life and annuity insurance industry
- Solid experience with MG ALFA or other Actuarial Projection Software required
- Strong communication technical and analytical skills
- Self-starter and quick learner being able to solve complex issues independently and in collaborative team settings
- US GAAP valuation experience preferred
- Programming language such as Python or SQL a plus
- Ability to excel in a dynamic and fast-paced environment
#LI-CA1
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 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
$100000 - $190000 USD
Our employees are in the office 4 - 5 days per week in Hudson Yards NY and 3 - 4 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 industry-specific regulatory requirements state and federal laws.
Required Experience:
Exec
Employment Type
Full Time
