Actuarial Modeling Analyst
About Global Atlantic
Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S., Bermuda, and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR), a leading global investment firm, Global Atlantic combines deep insurance expertise with KKR’s powerful investment capabilities to deliver long-term financial security for millions of individuals worldwide. With a broad suite of annuity, preneed life insurance, reinsurance, and investment solutions, Global Atlantic, through its issuing companies, helps people achieve their financial goals with confidence. For more information, please visit www.globalatlantic.com.
POSITION SUMMARY:
This Boston-based position offers a hands-on opportunity to support model development and onboarding work for Pension Risk Transfer and other reinsurance deals. The candidate will build and validate MG-ALFA models, assist with financial reporting, and collaborate with teams across the organization in a dynamic, fast-paced environment.
RESPONSIBILITIES:
- Assist with onboarding PRT and other new reinsurance deals to the existing valuation modeling platform.
- Review and study deal related documents (liability assumptions, policy forms, reinsurance treaties, etc.)
- Perform due diligence to ensure documented requirements (product features, assumptions, etc.) are properly implemented in the interim AFM model by the Onboarding team
- Build MG-ALFA model utilizing accurate product features, assumptions, and data.
- Perform model analysis and sensitivity analysis to validate model results to interim AFM model
- Build various tools including model replication to support user acceptance
- Facilitate model signoff by presenting model results and reconciliation with key stakeholders – pricing, valuation, etc.
- Support actuarial models in MG-ALFA for cash flow testing and other ALM purposes.
- Maintain and enhance models for product changes, modeling features, and assumption updates.
- Support financial reporting for US GAAP, US Statutory, and Bermuda EBS using newly developed valuation models.
- Leverage Excel, VBA or Python tools for data transformation, with uses in data implementation, model development, model validation, and model result analysis.
QUALIFICATIONS:
- Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance or other related fields
- 2+ SOA Exams passed
- 0-2 years of actuarial experience in the life insurance and retirement industry
- Knowledge of life and annuity products, US Statutory and GAAP valuation is an asset
- Experience with actuarial software, especially MG-ALFA, is an asset
- Familiarity with programming languages, mainly VBA and Python, but any programming is an asset
- Strong communication, technical, and analytical skills
- Takes personal accountability for the execution of goals and objectives.
- Able to participate in the generation of new and unique ideas.
- Has positive attitude necessary to be part of a strong performing team player.
“To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.”
#LI-CA1
Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.
Global Atlantic’s base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives.
The base salary range for this role is
$53,500 - $102,000 USD
Our employees are in the office 5 days per week in New York and 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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