Actuarial Associate, Valuation

COMPANY OVERVIEW

Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).

Watch the Global Atlantic & KKR Partnership Story

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POSITION SUMMARY:

This position will support the valuation and financial reporting of life insurance blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business. Senior Analyst or Associate level position based on prior experience. Ideally located in Boston, MA office but open to Des Moines, IA, office as well.

RESPONSIBILITIES:

• Calculating US Statutory, Tax, US GAAP reserves, and other related actuarial balances.
• Providing analysis, including reserve movement and sensitivities, for both Statutory and GAAP balances.
• Analyzing and explaining the sources of earnings of the quarterly financial results.
• Maintaining and improving various controls, including Sarbanes-Oxley (SOX).
• 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.
• Supporting audit and regulatory requests.

QUALIFICATIONS:

• FSA designation with 5+ years of experience or a career ASA with 10+ years. 
• 5+ years of actuarial experience, preferably with life insurance products.
• Knowledge of reinsurance structures is a plus.
• Knowledge of life US Statutory and GAAP valuation.
• Experience with actuarial software, especially MG-ALFA, Polysystems, or Triton, is helpful.
• Experience with Python or a similar language is a plus.
• Strong communication, technical, and analytical skills.
• 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.

“To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.”

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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 incen