Program Analyst, Institutional Markets
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).
POSITION OVERVIEW
Global Atlantic Financial Company (a subsidiary of Global Atlantic Financial Group Limited) is seeking a candidate for the position of Program Analyst, Institutional Markets. Responsibilities include:
- Perform liability modeling in RNA Analytics for reinsurance deal pricing and financial analysis.
- Reconcile model output, including single cell analysis, against other sources, such as appraisal projections (from MG-ALFA or PolySystems) or the output of Experience Studies model.
- Help with identifying risks embedded in different liabilities by stressing insurance and liability assumptions.
- Conduct static and dynamic validations.
- Assist with development of deal models under stat and generally accepted accounting principles (GAAP) frameworks.
- Assist in experience studies for reinsurance pricing and performance monitoring.
- Collaborate both within the Institutional business, as well as with other areas such as Risk, Actuarial, Finance, and Investments as regular part of the job duties.
- 40 hours/wk; Monday-Friday; 9am-5pm; The expected annual base salary for this New York, New York, United States-based position is $140,000.12
QUALIFICATIONS
- Bachelor’s degree (U.S. or foreign equivalent) in Financial Actuarial Mathematics, Actuarial Science, Statistics, Mathematics, or a related analytical field.
- Two (2) years of relevant experience in finance or insurance.
- Two (2) years of experience must include:
- Modeling experience in any quantitative setting.
- Performing statistical analysis of internal liability data using Excel and tools such as SQL.
- Developing actuarial models using actuarial modeling software to project liability cashflows for reinsurance or insurance deals.
- Performing sensitivity testing on actuarial assumptions to measure risk exposures to insurance risks such as mortality risk and lapse risk.
- Assisting in writing actuarial documentations such as assumption memos or investment memos.
Global Atlantic is an equal opportunity employer, does not discriminate in employment on any basis that is prohibited by federal, state or local laws.
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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.
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