AVP - Actuarial Modeling at Global Atlantic Financial Group

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields
FSA or established ASA with 10+ years of experience in the life and annuity insurance industry
Solid experience with MG ALFA or other Actuarial Projection Software required
Strong communication, technical and analytical skills
Self-starter and quick learner, being able to solve complex issues independently and in collaborative team settings
US GAAP valuation experience preferred
Programming language such as Python or SQL a plus
Ability to excel in a dynamic and fast-paced environment

Responsibilities

Build actuarial models for newly acquired institutional blocks, on our new state-of-the-art Milliman Integrate Actuarial platform
Models will be used to support GAAP, US and Bermuda Statutory reporting, cash-flow testing, and other analysis
Develop and maintain testing tools for new models
Support assumption updates and impact quantification
Support model production team in producing quarterly/monthly valuation results
Follow and employ model development best practices, including: Model design, Change management testing and governance, Documentation, Model validation, Adherence to SOX and Risk Management policies
Support internal and external auditing activities as well as regulatory exams and inquiries, as needed

Skills

Actuarial Modeling

Milliman Integrate

GAAP Reporting

Statutory Reporting

Cash Flow Testing

Model Validation

SOX Compliance

Risk Management

Assumption Updates

Change Management

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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