Senior Actuarial Modeling 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
Authorized to work for any employer in the U.S. (no sponsorship available)

Responsibilities

Develop actuarial models for annuity products including FA, FIA, VA and Payout annuities for GAAP, US and Bermuda Statutory reporting, cash-flow testing, FP&A and other purposes
Assist with onboarding new deals, new products and new processes on the Milliman Integrate Actuarial platform
Develop and maintain testing tools for new models and model updates
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, and adherence to SOX and Risk Management policies
Support internal and external auditing activities as well as regulatory exams and inquiries, as needed

Skills

Key technologies and capabilities for this role

Actuarial ModelingMG-ALFAMilliman IntegrateAnnuity ProductsGAAP ReportingStatutory ReportingCash Flow TestingModel ValidationSOX ComplianceRisk Management

Questions & Answers

Common questions about this position

What is the salary range for this Senior Actuarial Modeling Analyst position?

This information is not specified in the job description.

Is this role remote or does it require office work?

The position is based at Global Atlantic’s Boston office, which is the preferred location, though candidates from the Des Moines office may also be considered.

What qualifications and skills are required for this role?

Candidates need a Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or related fields, near ASA status with 2+ years of experience in the life/annuity insurance industry, and strong communication, problem-solving, technical, and analytical skills. Direct experience with MG-ALFA or other actuarial modeling software is preferred.

What is the work environment like at Global Atlantic?

The role involves working in a dynamic and fast-paced environment on the Actuarial Modeling team.

What makes a strong candidate for this position?

Strong candidates are self-starters and quick learners who can solve complex issues independently and collaboratively, are results-oriented with the ability to handle multiple high-priority tasks, and demonstrate ambition to deliver quality results.

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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