Associate, Valuation Actuary

All offices are currently open, and our employees are back 4 or 5 days a week in Hudson Yards, NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact recruiting@gafg.com.

 

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 majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

Global Atlantic is 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. 

We use Greenhouse as our scheduling tool and communicate through their systems. At times, your email may block our communications. Please be sure to check your SPAM so that you do not miss critical information about our process, including scheduling. 

POSITION OVERVIEW

This position, located in the Boston, MA office, will support the valuation and financial reporting of reinsured fixed annuity blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business The hiring manager will consider either a Sr. Analyst or Associate level based on prior experience.

Key responsibilities of the role include:

• Calculating US Statutory, Tax, US GAAP reserves, and other related actuarial balances
• Providing analysis, including sensitivities, for both statutory and GAAP balances and earnings impacts
• 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 ongoing valuation system transformation
• Supporting Asset Adequacy Analysis
• Supporting audit and regulatory requests

QUALIFICATIONS

• 5+ years of actuarial experience in the life insurance and retirement industry
• FSA certification or near FSA 
• 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.
• 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

#LI-CA1

#LI-Hybrid

 

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$74,000—$141,000 USD

TOTAL REWARDS STATEMENT  

Global Atlantic’s total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We are proud to support your personal and professional growth and well-being through programs such as educational assistance, virtual physical therapy, remote/onsite fitness reimbursement, a medical second opinion program, pet insurance, military leave, parental leave, adoption assistance, fertility and family plannin