Analyst, Actuarial Model Production

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, located in the Boston, MA office, will support the execution and testing of models for the Annuity, Life Insurance, Disability, and Pension Risk Transfer business. The candidate will work with the Model Production team to execute and test the models, and review and analyze results.  The candidate will work closely with Model Development in testing models, and with Valuation in producing results.

RESPONSIBILITIES:

• Performing accurate monthly/quarterly production runs of the Integrate and MG-ALFA Models to calculate US Statutory, Tax, US GAAP reserves, and other related actuarial balances
• Maintaining evidence for SOX controls associated with the production model runs
• Conducting annual impact testing for potential assumption changes
• Performing model runs to test model updates implemented by model development
• Performing model runs to provide valuation team with reserve impacts from any model change, and supporting the review and approval of those changes
• Supporting analysis, including sensitivities, for both statutory and GAAP balances and earnings impacts
• Supporting audit and regulatory requests

QUALIFICATIONS:

• 0-2 years of actuarial experience in the insurance and retirement industry
• 2+ SOA Exams passed
• Knowledge of annuity or life insurance products and/or background in life and annuity US Statutory and GAAP valuation preferred
• Experience with actuarial software, especially MG-ALFA, helpful
• Familiarity with programming languages, mainly VBA and Python, but any programming is useful
• 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

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 incentives.  Actual compensation for all roles will be based upon geographic location, work experienc