Actuarial Modeling - Senior Analyst at Global Atlantic Financial Group

Boston, Massachusetts, 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 Actuarial Science, Mathematics, Statistics, Finance, or other related fields
Near ASA with 2+ years of experience in the life/annuity insurance industry
Direct experience with MG-ALFA or other actuarial modeling software is preferred
Self-starter and quick learner, being able to solve complex issues independently and in collaborative team settings
Strong communication, problem-solving, technical and analytical skills
Results-oriented, with ability to execute multiple high-priority items simultaneously
Ambition and desire to succeed by delivering quality and effective results
Ability to excel in a dynamic and fast-paced environment

Responsibilities

Assist with onboarding new deals to 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

Skills

MG-ALFA

AFM

Python

VBA

Excel

Actuarial Modeling

Sensitivity Analysis

Cash Flow Testing

ALM

US GAAP

US Statutory

Bermuda EBS

Reinsurance

Valuation

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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