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).
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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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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
$85,000-$160,000 USD
TOTAL REWARDS STATEMENT
Global Atlantic's employees thrive in a fast-paced, high-performing culture with strong benefit options and wellbeing resources that support innovation, accountability and stewardship. At Global Atlantic, being an employer of choice means we are committed to offering employees a customizable and comprehensive benefits package. 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 strive to foster a culture of total well-being through community outreach and charitable giving programs. Learn more about our Charitable Giving Programs.
Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family. Global Atlantic was proudly named: Best in Perks & Benefits, Best Company Work-Life Balance, Best Company Happiness and Best Company Compensation. Learn about our Benefits offerings.
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. More than that, we strive to be inclusive of all backgrounds and experiences, which we feel gives us a competitive advantage in the market and within our firm. 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. Find out more about GA's commitment to creating a culture of belonging: DE&I and Strategic Pillars.
Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you require an accommodation during the hiring process or after you are hired for any protected status under the ADA, please email benefits@gafg.com.
Discover more about Global Atlantic below:
2023 Corporate Responsibility Report
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Our employees are in the office 4 - 5 days per week in Hudson Yards, NY and 3 - 4 days per week in all other offices. If you have questions on this policy or the application process, please reach out to benefits@gafg.com
Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes. Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.