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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This position is in the Corporate Actuarial Department. This role is at the center of the company’s ambitious growth strategy by primarily focusing on new Institutional deal onboarding, while also helping support our Bermuda actuarial team’s model development needs. The position offers great exposure and opportunities to interact with experienced professionals across multiple actuarial and business functions in the organization.

KEY RESPONSIBILITIES:

• Assist onboarding new deals to existing valuation modeling platform by
• Reviewing and studying deal related documents such as liability assumptions, policy forms, and reinsurance treaties;
• Performing due diligence to ensure product and treaty requirements are properly implemented in the interim pricing model, primarily in AFM;
• Building excel validation tool from 1^st principles that replicates the model logic and provides assurance that the logic has been implemented accurately; and
• Facilitating model signoff by presenting model results and reconciliation to key stakeholders such as pricing, valuation, and modeling;
• Support financial reporting for US GAAP, US Stat, and Bermuda BEL/EV using adapted version of pricing model for new deals during transitional period.
• Support new deal data onboarding during transitional period by leveraging Python for data transformation, such as building liability inforce files and economic scenarios for model runs.
• Occasionally support offshore model development by helping code Bermuda-specific valuation requirements into MG-ALFA or developing ETLs in Milliman’s end-to-end model production platform, Integrate.
• As needed, support internal and external audit activities as well as regulatory exams and inquiries.

QUALIFICATIONS

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields
• Self-starter and quick learner, being able to solve complex issues independently and in collaborative team settings
• Strong communication, technical and analytical skills
• Strong controls mindset, including documentation and change management best practices
• Experience with MG-ALFA / Integrate, AFM, Python and similar languages a plus
• US GAAP, Statutory and Bermuda valuation experience a plus
• Ability to excel in a dynamic and fast-paced environment

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:

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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.