What are the responsibilities and job description for the Associate, Actuarial Modeling position at Global Atlantic Financial Group - Actuarial Opportunities?
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. The position offers great opportunities to interact with experienced actuaries across multiple functions.
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. Ensure the readiness of model and production process when new deals are onboarded.
- 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 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.
#LI-CA1
#LI-Hybrid
