Actuarial Modeling

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 company's 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 KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).

Watch the Global Atlantic & KKR Partnership Story

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POSITION OVERVIEW:

Global Atlantic’s Actuarial Model Production Team is seeking a student to join the Modeling team in Des Moines or via a remote location.

RESPONSIBILITIES:

• Analyze SOP 03-1, GAAP Intangibles and Fair Value of Liability (FVL) balances for quarterly GAAP financial reporting and help construct associated memorandums
• Explain changes to quarterly economic reserves used in reporting for the company’s captives
• Interpret quarterly GAAP, Statutory, and Financial Planning model runs
• Assist with Cash Flow Testing. Responsibilities include interpretation of model results, sensitivity and assumption testing, documentation, and drafting of memorandums
• Partner with Model Development to test and quantify the impact of assumption and model changes
• Perform model updates/development to support the Institutional Life modeling team.
• Develop, update, and maintain financial reporting controls to adhere to requirements of section 404 of the Sarbanes Oxley act
• Support internal and external audit functions

QUALIFICATIONS:

• Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field is required 
• Two or more years of experience in the life/annuity insurance industry is preferred
• Direct experience with MG ALFA or other actuarial valuation / projection software is required
• Understanding of US GAAP and Statutory valuation frameworks is required
• Experience with SAS or other programming is a plus
• Knowledge of individual life and indexed products preferred
• Demonstrated high competency to solve complex calculations and understand technical written material
• Strong communication, technical and analytical skills
• Ownership - Takes personal accountability for the execution of goals and objectives
• Innovative - Able to participate in the generation of new and unique ideas
• Teamwork - Positive attitude necessary to be part of a strong performing team

ADDITIONAL INFORMATION

• Reports to Model Production team lead
• Actuarial Role with Student Program Support
• Candidate is expected to make active progress towards ASA or FSA
• The role is not currently expected to manage other individuals

It is important to note participation in this program does not alter the terms and conditions of employment. Your current role and responsibilities, compensation, and benefits will remain unchanged.

TOTAL REWARDS STATEMENT 

Global Atlantic’s employees thrive in a fast-paced, high-performing culture with strong benefit options and wellbeing resources that support innovation, accountability and stewardship. At Global Atlantic, being an employer of choice means we are committed to offering employees a customizable and comprehensive benefits package. Global Atlantic’s total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We strive to foster a culture of total well-being through community outreach and charitable giving programs. Learn more about our Charitable Giving Programs.

Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family. Global Atlantic was proudly named: Best in Perks & Benefits, Best Company Work-Life Balance, Best Company Happiness and Best Company Compensation. Learn about our Benefits offerings.

Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you require an accommodation during the hiring process or after you are hired for any protected status under the ADA, please email benefits@gafg.com.

Discover more about Global Atlantic below:

Read the 2023 Corporate Responsibility Report

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Our employees are in the office 4 - 5 days per week in Hudson Yards, NY and 3-4 days per week in all other offices. If you have questions on this policy or the application process, please reach out to benefits@gafg.com

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.