VP, Actuarial Financial Reporting

COMPANY OVERVIEW

Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. 

We are looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us. 

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POSITION OVERVIEW 

This position, located in the Boston, MA office, will support the valuation and financial reporting of two of Global Atlantic’s fast growing lines of business:  Pension Risk Transfer (PRT) and Flow Reinsurance. The candidate will report to the Head of Valuation and lead a small team supporting both the reporting and analysis/review of the business.

Key responsibilities of the role include:

• Calculating US Statutory, Tax, US GAAP reserves, and other related actuarial balances
• Providing analysis to support drivers of impacts to earnings
• Supporting the onboarding of new reinsurance deals
• Conducting annual impact testing for potential assumption changes
• Working with the Modeling team related to any necessary modeling updates
• Working with IT and data team on valuation system transformation
• Maintaining and improving various controls, including Sarbanes-Oxley (SOX)
• Supporting audit and regulatory requests

QUALIFICATIONS

• 10+ years of actuarial experience in the life insurance and retirement industry
• Fellow of the Society of Actuaries (FSA) required
• Knowledge of annuity/life insurance products and/or PRT
• Experience with financial reporting under US Statutory and US GAAP
• Experience with actuarial software, especially MG-ALFA
• Strong communication, technical, and analytical skills.
• Ability to manage staff
• Takes personal accountability for the execution of goals and objectives.
• Able to participate in the generation of new and unique ideas.
• Has positive attitude necessary to be part of a strong performing team

*** This role is not eligible for visa sponsorship now or in the future.   

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Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office. 

Global Atlantic’s base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives.  Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives. 

The base salary range for this role is$130,500—$248,500 USD

Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes.  Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.

TOTAL REWARDS STATEMENT  

Global Atlantic’s total rewards pack