Actuarial Associate at Global Atlantic Financial Group

Bermuda

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Reinsurance, Financial ServicesIndustries

Requirements

3+ years of experience in the (re)insurance industry
ASA designation (or equivalent), actively pursuing Fellowship (FSA or equivalent)
Hands-on experience with actuarial modeling systems — MG-ALFA preferred
Strong understanding of life and annuity products and valuation frameworks
Excellent communication and analytical problem-solving skills
Experience with Python or similar coding languages a strong plus
Familiarity with Bermuda EBS and/or asset adequacy testing (CFT) advantageous

Responsibilities

Manage the end-to-end production process for all Best Estimate Liability (BEL) projections under the Bermuda Economic Balance Sheet (EBS) framework
Deliver accurate, timely model outputs to the valuation and finance teams
Perform and interpret stress and sensitivity testing to inform management decision-making
Partner with the valuation team to analyze results and communicate insights clearly
Collaborate with the onshore model development team to validate, refine, and enhance ALFA-based cash-flow models
Onboard new reinsurance transactions, integrating new models into the valuation framework
Prepare clear, comprehensive documentation supporting internal governance, audit, and regulatory reviews

Skills

Actuarial Modeling

Best Estimate Liability (BEL)

Bermuda Economic Balance Sheet (EBS)

Stress Testing

Sensitivity Testing

Valuation

Reinsurance

Life Insurance

Annuity Products

Model Production

Analytics

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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