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

The Des Moines actuarial model development team is responsible for building and maintaining the actuarial models for Life products at Global Atlantic. We ensure that the models are fit for purpose to satisfy our company’s financial reporting needs, meet auditor/regulatory requirements, and facilitate accurate and informed decision making by senior management.

Depending on your level of experience/progress through the student program, your involvement with our team’s key responsibilities will range from assisting a more senior team member, to full ownership of individual projects and core job functions.

RESPONSIBILITES:

• Maintain and prepare actuarial models for GAAP (SOP, F133, DAC/VOBA, etc.), Statutory (Economic reserve, VM20, and CRVM formulaic reserve), and Internal financial reporting.
• Research, design, and implement model improvements and assumption updates as part of our quarterly model change process.
• Perform annual cashflow testing for Life products managed by the Des Moines team.
• Provide modeling support for data transformation, new deal on-boarding, and other major company initiatives.
• Respond to adhoc requests or questions from various sources, such as senior management or auditors/regulators.

QUALIFICATIONS:

• Excellent attention to detail and problem-solving ability.
• Basic computer and technical skills (Excel, Word, etc.).
• Strong organization and communication skills.
• Supplementary skills include programming, version control, and database management.

Skills and experience you will gain in this role:

• Mastery of MG-ALFA actuarial modeling software.
• In-depth understanding of best practices regarding model changes and model risk management.
• Expertise in analyzing financial results through a combination of technical knowledge, conceptual insights, and hands-on testing.
• Familiarity with a large variety of financial reporting requirements and reporting basis, especially as it pertains to Life products.
• Proficiency with VBA, SAS, and Python.

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.