Actuarial Modeling - Senior Analyst
Actuarial Modeling - Senior Analyst
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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
This Senior Analyst position is in the Corporate Actuarial Department at Global Atlantics Boston or Des Moines office reporting to the AVP Actuarial Modeling.
Key responsibilities will include the following:
- Assist with onboarding new deals to existing valuation modeling platform.
- Review and study deal related documents (liability assumptions policy forms reinsurance treaties etc.)
- Perform due diligence to ensure documented requirements (product features assumptions etc.) are properly implemented in the interim AFM model by the Onboarding team
- Build MG-ALFA model utilizing accurate product features assumptions and data.
- Perform model analysis and sensitivity analysis to validate model results to interim AFM model
- Build various tools including model replication to support user acceptance
- Facilitate model signoff by presenting model results and reconciliation with key stakeholders pricing valuation etc.
- Support actuarial models in MG-ALFA for cash flow testing and other ALM purposes.
- Maintain and enhance models for product changes modeling features and assumption updates.
- Support financial reporting for US GAAP US Statutory and Bermuda EBS using newly developed valuation models.
- Leverage Excel VBA or Python tools for data transformation with uses in data implementation model development model validation and model result analysis.
QUALIFICATIONS
- Bachelors degree in Actuarial Science Mathematics Statistics Finance or other related fields.
- Near ASA with 2 years of experience in the life/annuity insurance industry.
- Direct experience with MG-ALFA or other actuarial modeling software is preferred.
- Self-starter and quick learner being able to solve complex issues independently and in collaborative team settings.
- Strong communication problem-solving technical and analytical skills.
- Results-oriented with ability to execute multiple high-priority items simultaneously.
- Ambition and desire to succeed by delivering quality and effective results.
- Ability to excel in a dynamic and fast-paced environment.
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
$60000 - $114600 USD
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
