Senior Vice President, Head of Insurance Risk Management

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).

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POSITION OVERVIEW

Global Atlantic Financial Company (a subsidiary of Global Atlantic Financial Group Limited) is seeking a candidate for the position of Senior Vice President, Head of Insurance Risk Management in New York, NY.  Responsibilities include:

• Act as Manager of Global Atlantic’s (GA) Insurance Risk Management team including 23 insurance professionals and quantitative analysts.
• Manage the quantitative risk function, including comprehensive redesign and rebuild of the company's proprietary Asset Liability Management system, the company's experience studies system and the company's derivative valuation platform.
• Responsible for insurance modeling, hedging, experience studies and M&A.
• Code statistical and financial models in RNA Analytics's R3S and the Beacon platform.
• Responsible for the performance of the Insurance Risk Management function.
• Influence ranges from pricing, risk management, to hedging.
• Serve as a member of GA’s Risk Committee, giving numerous presentations to GA’s Management Committee and Board of Directors.

QUALIFICATIONS

• Bachelor’s degree (U.S. or foreign equivalent) in Actuarial Science, Mathematics, or a related field plus five (5) years of experience in a related role.
• Prior experience must include five (5) years in each of the following:
• Utilizing knowledge of insurance products and capital markets to calculate hedge ratios and to monitor market risk.
• Applying understanding of insurance products, including Indexed Universal Life, Fixed and Indexed annuities and income riders, to set liability assumptions.
• Utilizing actuarial, statistical and programming knowledge to support pricing and risk management of new business.
• Utilizing knowledge of insurance products, industry trends, and financial markets to help manage the company’s liabilities, including liquidity reports and Asset and Liability Management (ALM).
• Model development and review of liability models in R3S Modeller, Python software, Beacon software, and Microsoft software.
• Managing people, building teams, and project management.
• Liability modelling to validate new business models.
• Applying knowledge of GAAP accounting to life and annuities for assumption reviews and hedging.

The expected annual base salary for this New York, New York, United States-based position is $293,000 to $350,000. 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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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.