Associate, Actuarial Valuation - CFT

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, especially Cash Flow Testing (CFT) models for the Annuity, Life Insurance business. The candidate will manage 2-3 direct reports and work with the Model Production team to execute and test the Cash Flow Testing models, review and analyze results.  The candidate will work closely with Model Development in testing models, and with Appointed Actuary and Cash Flow Testing team in producing quarterly Cash Flow Testing results.

Responsibilities:

• Leading and performing accurate quarterly Cash Flow Testing Integrate production runs for Retail and Institutional Life & Annuities. The responsibility includes, but not limited to, preparing all the input files, executing Cash Flow Testing Integrate runs, validating the Cash Flow Testing model input and output, and performing high level results analysis from model prod point of view.
• Building Cash Flow Testing production control process.
• Maintaining evidence for SOX controls associated with the Cash Flow Testing production model runs.
• Performing Cash Flow Testing model runs to test model updates implemented by the Model Development team.
• Performing Cash Flow Testing model runs to provide Cash Flow Testing team with Cash Flow Testing impacts from any model changes and supporting the review and approval of those changes if necessary.
• Supporting audit and regulatory requests related to Cash Flow Testing Integrate runs.
• Supporting the Model Production team on other monthly/quarterly GAAP and STAT reporting deliverables, if necessary.
• Managing 2-3 direct reports.

QUALIFICATIONS

• Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance or other related fields.
• FSA with 5+ years or career ASA with 10+ years of actuarial experience in the life insurance and retirement industry.
• Direct work experience with or knowledge of life and annuity products, US Statutory and GAAP valuation.
• Understanding of assets and ALM modeling is preferred.
• Direct experience with MG-ALFA or other actuarial modeling and valuation software is required.
• 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.
• Has positive attitude necessary to be part of a strong performing team player.

“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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