Actuarial Analyst CFT Production
Actuarial Analyst CFT Production
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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 position located in the Boston MA office will support the execution and testing of models especially Cash Flow Testing (CFT) models for the Annuity Life Insurance business. The candidate will work with the Model Production team to execute and test the Cash Flow Testing models review and analyze results. The candidate will work closely with Model Development in testing models and with Appointed Actuary and Cash Flow Testing team in producing quarterly Cash Flow Testing results.
RESPONSIBILITIES:
- Performing accurate quarterly Cash Flow Testing Integrate production runs for Retail and Institutional Life & Annuities. The responsibility includes but not limited to preparing all the input files executing Cash Flow Testing Integrate runs validating the Cash Flow Testing model input and output and performing high level results analysis from model prod point of view
- ilding Cash Flow Testing production control process
- Maintaining evidence for SOX controls associated with the Cash Flow Testing production model runs
- Performing Cash Flow Testing model runs to test model updates implemented by the Model Development team.
- Performing Cash Flow Testing model runs to provide Cash Flow Testing team with Cash Flow Testing impacts from any model changes and supporting the review and approval of those changes if necessary
- Supporting audit and regulatory requests related to Cash Flow Testing Integrate runs.
- Supporting the Model Production team on other monthly/quarterly GAAP and STAT reporting deliverables if necessary
QUALIFICATIONS
- Bachelors degree in actuarial science Mathematics Statistics Finance or other related fields
- 2 SOA Exams passed
- 0-2years of actuarial experience in the life insurance and retirement industry
- Knowledge of life and annuity products US Statutory and GAAP valuation is preferred
- Understanding of assets and ALM modeling is preferred.
- Experience with actuarial software especially MG-ALFA is helpful
- Familiarity with programming languages mainly VBA and Python but any programming is useful.
- Strong communication technical and analytical skills
- Takes personal accountability for the execution 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 player.
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.
#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
$53800 - $102000 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:
IC
Employment Type
Full Time
