Actuarial Associate, Insurance Liability Modeling at Global Atlantic Financial Group

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Bachelor's Degree in a quantitative discipline required
5+ years in a diversified life and annuity/financial or actuarial consulting firm
Professional designation in financial risk management, such as FSA/ASA or CFA preferred
5+ years of experience in insurance models with proven track records of modelling complicated insurance products
Knowledge of insurance products (both life and annuities) preferred
Previous experience in hedging or ALM preferred
Python programming skills are highly desired
Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences
This role is not eligible for visa sponsorship now or in the future

Responsibilities

Develop insurance liability models in GA Risk’s liability modelling platform
Communicate findings and implications to Risk’s management team and other stakeholders
Help onboard various Institutional transactions onto our Risk platform
Perform liability stresses under different lenses (GAAP/Stat/Econ/Bermuda) and understand both actuarial and market risks
Support new product launches and ensure the risk models are up to date with regular rate changes, new product features
Perform validation and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models
Assist in the development and use of quantitative models and analytical tools that enable the Risk function to provide constructive challenge to the current risk management, modeling, and pricing practices

Skills

Key technologies and capabilities for this role

Actuarial ModelingLiability ModelingRisk ModelingInsurance PricingValuationHedgingALMModel ValidationQuantitative ModelingGAAP StressesStatutory AccountingEconomic ValuationBermuda Solvency

Questions & Answers

Common questions about this position

What is the base salary range for this Actuarial Associate position?

This information is not specified in the job description.

Is this role remote or does it require working from a specific office location?

This information is not specified in the job description.

What skills and experience are required for this Actuarial Associate role?

Candidates need a Bachelor's Degree in a quantitative discipline, 5+ years in a diversified life and annuity/financial or actuarial consulting firm, 5+ years of experience in insurance models for complicated products, Python programming skills, and strong communication skills. Professional designations like FSA/ASA or CFA are preferred, along with knowledge of insurance products and experience in hedging or ALM.

What is the company culture like at Global Atlantic?

This information is not specified in the job description.

What makes a strong candidate for this Actuarial Associate position?

Strong candidates will have 5+ years modeling complicated insurance products, Python skills, a quantitative degree, and professional designations like FSA/ASA or CFA, with preferred experience in insurance products, hedging, or ALM.

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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