Senior Analyst, Fixed Annuities
Senior Analyst, Fixed Annuities
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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
Global Atlantic Financial Company (a subsidiary of Global Atlantic Financial Group Limited) is seeking a candidate for the position of Senior Analyst Fixed Annuities in Brighton MA. Responsibilities include:
- Support the valuation and financial reporting of fixed annuity blocks.
- Work with the valuation team in both the reporting and analysis/review of the business.
- Responsible for calculating US Statutory (VM-21) Tax US Generally Accepted Accounting Principles (GAAP) reserves and other related actuarial balances for variable annuities.
- Provide analysis including sensitivities for both statutory and GAAP balances and earnings impacts.
- Maintain and improve various controls including Sarbanes-Oxley (SOX).
- Conduct annual impact testing for potential assumption changes.
- Work with the Modeling team related to any necessary modeling updates.
- Work with IT and data team on valuation system transformation.
- Support Asset Adequacy Analysis and audit and regulatory requests.
QUALIFICATIONS
- Bachelors degree (U.S. or foreign equivalent) in Actuarial Science Finance Mathematics or a related field
- Two (2) years of actuarial experience in the life insurance and retirement industry
- Completed 5 exams towards becoming an Associate of the Society of Actuaries (ASA).
- Two (2) years of experience must include:
- Actuarial calculations including reserves and other actuarial balances.
- Conducting waterfall impact analysis stress tests and sensitivity analysis.
- Working with life products or annuities including the knowledge of US Stat and GAAP Valuation.
- Working with actuarial modeling software.
- Maintaining and enhancing control mechanisms.
- Business analytics and the use of Microsoft Excel for the development of tools that facilitate the interpretation of actuarial model results in a clear and accessible manner.
- Capability to conduct impact assessments for modifications in key assumptions and updates to models including User Acceptance Testing (UAT) to verify the accuracy of actuarial model calculations.
The expected annual base salary for this Brighton MA United States-based position is $115981/year to $150000/year. Global Atlantic is an equal opportunity employer does not discriminate in employment on any basis that is prohibited by federal state or local laws.
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Our employees are in the office5 days per week in Hudson Yards NY and 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:
Senior IC
Employment Type
Full-Time
