Actuarial Analyst CFT Production at Global Atlantic Financial Group

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

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 (preferred)
Understanding of assets and ALM modeling (preferred)
Experience with actuarial software, especially MG-ALFA (helpful)
Familiarity with programming languages, mainly VBA and Python, but any programming is useful
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
Authorized to work for any employer in the U.S. (no sponsorship available)

Responsibilities

Performing accurate quarterly Cash Flow Testing Integrate production runs for Retail and Institutional Life & Annuities, including preparing all input files, executing runs, validating model input and output, and performing high level results analysis from model production point of view
Building Cash Flow Testing production control process
Maintaining evidence for SOX controls associated with the Cash Flow Testing production model runs
Performing Cash Flow Testing model runs to test model updates implemented by the Model Development team
Performing Cash Flow Testing model runs to provide Cash Flow Testing team with impacts from any model changes and supporting the review and approval of those changes if necessary
Supporting audit and regulatory requests related to Cash Flow Testing Integrate runs
Supporting the Model Production team on other monthly/quarterly GAAP and STAT reporting deliverables, if necessary

Skills

Cash Flow Testing

CFT Models

Actuarial Analysis

Model Execution

Model Validation

Input Preparation

Results Analysis

SOX Controls

Annuities

Life Insurance

Global Atlantic Financial Group

Provides capital and risk management solutions

About Global Atlantic Financial Group

Global Atlantic Financial Group specializes in providing capital and risk management solutions for global retirement and life insurance companies. They offer products like annuities, which provide a steady income stream for retirees, and focus on building long-term partnerships by understanding their clients' financial goals. The company generates revenue through fees and premiums from their financial products and emphasizes a culture of integrity and commitment to clients and communities. Their goal is to create tailored solutions that meet the specific needs of their clients.

New York City, New YorkHeadquarters

2004Year Founded

$986.7MTotal Funding

BUYOUTCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Mental Health Support

Wellness Program

Flexible Work Hours

Hybrid Work Options

Risks

Economic downturns could impact the preneed insurance market with SCI.

Technical challenges may arise from new standardized messaging systems.

Reliance on third-party tech solutions poses potential security vulnerabilities.

Differentiation

Global Atlantic excels in investment and risk management within the insurance industry.

The company has strong institutional partnerships, enhancing its client-centric approach.

Global Atlantic's affiliation with KKR provides a robust financial foundation.

Upsides

Partnership with SCI positions Global Atlantic as a leader in preneed insurance.

Adoption of Sonrai Security's technology enhances operational efficiency and security.

Public-private investment solutions align with Global Atlantic's innovative capital strategies.

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