Actuarial Associate, Valuation

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profile Job Location:

Boston, NH - USA

profile Monthly Salary: $ 79000 - 150600
Posted on: 30+ days ago
Vacancies: 1 Vacancy

Job Summary

About Global Atlantic

Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S. Bermuda and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR) a leading global investment firm Global Atlantic combines deep insurance expertise with KKRs powerful investment capabilities to deliver long-term financial security for millions of individuals worldwide. With a broad suite of annuity preneed life insurance reinsurance and investment solutions Global Atlantic through its issuing companies helps people achieve their financial goals with confidence. For more information please visit .

POSITION SUMMARY:

This position will support the valuation and financial reporting of life insurance blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business. Senior Analyst or Associate level position based on prior experience. Ideally located in Boston MA office but open to Des Moines IA office as well.

RESPONSIBILITIES:

  • Calculating US Statutory Tax US GAAP reserves and other related actuarial balances.
  • Providing analysis including reserve movement and sensitivities for both Statutory and GAAP balances.
  • Analyzing and explaining the sources of earnings of the quarterly financial results.
  • Maintaining and improving various controls including Sarbanes-Oxley (SOX).
  • Conducting annual impact testing for potential assumption changes.
  • Working with the Modeling team related to any necessary modeling updates.
  • Working with IT and data team on valuation system transformation.
  • Supporting audit and regulatory requests.

QUALIFICATIONS:

  • FSA designation with 5 years of experience or a career ASA with 10 years.
  • 5 years of actuarial experience preferably with life insurance products.
  • Knowledge of reinsurance structures is a plus.
  • Knowledge of life US Statutory and GAAP valuation.
  • Experience with actuarial software especially MG-ALFA Polysystems or Triton is helpful.
  • Experience with Python or a similar language is a plus.
  • 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.

#LI-CA1

#LI-HYBRID

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

$79000 - $150600 USD

Privacy Statement

Our employees are in the office5 days per week in New York 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

About Global AtlanticGlobal Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S. Bermuda and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR) a leading global investment firm Global Atlantic combines deep insurance expertise with KKRs power...
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