Associate, Actuarial - Cash Flow Testing at Global Atlantic Financial Group

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field
FSA with more than four years of experience in the life/annuity insurance industry
Direct experience with Statutory valuation and actuarial modeling
Proficient in Python and hands-on experience with large data set (plus)
Strong problem-solving and analytical skills
Ownership, adaptive and self-motivated

Responsibilities

Participate in quarterly Cash Flow Testing for the company’s onshore life and annuity business and ensure the timely and accurate preparation, validation, and delivery of Cash Flow Testing results
Develop, update, and maintain controls for Cash Flow Testing process
Work closely with modeling team to implement model changes that reflect new regulatory requirement or business need into Cash Flow Testing models
Collaborate with modeling team on model and assumption changes; Validate and perform reasonableness review of CFT impacts
Work with valuation actuaries to understand statutory reserves and liability assumptions. Perform independent review of liability inputs and outputs
Execute on timely production of asset in-force file and related controls around asset listing and projections
Participate in year-end statutory filings, help construct actuarial memorandums and other regulatory submissions
Support the Appointed Actuary and other actuarial leadership in evaluating and determining actuarial accounting policy and methodology for new and existing products as directed and appropriate
Support internal and external audit functions

Skills

Cash Flow Testing

Actuarial Modeling

Model Validation

Statutory Reserves

Liability Assumptions

Asset Projections

Actuarial Memorandums

Regulatory Submissions

Valuation Actuary

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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