Associate, Actuarial Modeling

Company: Global Atlantic Financial Group
Location: Boston
Posted on: March 23, 2025

Job Description:

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.POSITION SUMMARY:This associate position is in the Corporate Actuarial Department at Global Atlantic's Boston office. In light of the company's ambitious growth expectations, this newly created role is needed to support our actuarial team based in Bermuda by providing model development services and ensuring a smooth and efficient production process, partnering with the Model Production team in Bermuda.RESPONSIBILITIES:

• Extract, Transform, Load (ETL) development in Milliman's Integrate platform to support Bermuda's Best Estimate Liability (BEL) production and other financial lenses.
• Develop and maintain actuarial models in MG-ALFA to support BEL and related Bermuda valuation and financial reporting processes. This includes insurance liability cash flow modeling and integrated asset-liability modeling.
• Test and analyze model results, including setting expectations for model change impacts. Document the development process and specific model changes.
• Communicate with Bermuda actuarial team to understand and prioritize business needs. Coordinate with other model developers/users for a smooth and accurate model development-to-release process.
• Support internal and external audit activities as well as regulatory exams and inquiries, as needed.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 experience in the life and annuity insurance industry.
  • Experienced with programming languages such as Python or SQL.
  • Self-starter and quick learner, being able to solve complex issues independently and in collaborative team settings.
  • Strong communication, technical and analytical skills.
  • Strong controls mindset, including documentation and change management best practices.
  • Experience with MG ALFA is preferred.
  • Bermuda EBS or Solvency II valuation experience is preferred.
  • Ability to excel in a dynamic and fast-paced environment.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.The base salary range for this role is $84,500 - $160,800 USD.Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer, and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status.
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Keywords: Global Atlantic Financial Group, Boston , Associate, Actuarial Modeling, Accounting, Auditing , Boston, Massachusetts