Actuarial Modeling Analyst
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Job Location:
Boston, NH - USA
Monthly Salary:
$ 53500 - 102000
Posted on:
13 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 Boston-based position offers a hands-on opportunity to support model development and onboarding work for Pension Risk Transfer and other reinsurance deals. The candidate will build and validate MG-ALFA models assist with financial reporting and collaborate with teams across the organization in a dynamic fast-paced environment.
RESPONSIBILITIES:
- Assist with onboarding PRT and other new reinsurance deals to the 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
- 2 SOA Exams passed
- 0-2 years of actuarial experience in the life insurance and retirement industry
- Knowledge of life and annuity products US Statutory and GAAP valuation is an asset
- Experience with actuarial software especially MG-ALFA is an asset
- Familiarity with programming languages mainly VBA and Python but any programming is an asset
- 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 mustbe 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
$53500 - $102000 USD
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
Key Skills
- SQL
- Python
- Compliance
- Access
- Actuarial Models
- Acturial support
- Data Collection
- Powerpiont
- SAP
- Tableau
- Excel
- Mathematics
- VBA
- Data Analysis
- Statistical Analysis
