What are the responsibilities and job description for the Associate, Actuarial - Cash Flow Testing position at Global Atlantic Financial Group Opportunities?
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:
Global Atlantic's Corporate Actuarial Team is seeking an Associate to join the team in the Boston, MA Or Des Moines, IA office.
RESPONSIBILITIES:
- Participate in quarterly Cash Flow Testing for the company's onshore life and annuity business and ensure the timely and accurate preparation, validation, and delivery of Cash Flow Testing results.
- Develop, update, and maintain controls for Cash Flow Testing process.
- Work closely with modeling team to implement model changes that reflect new regulatory requirement or business need into Cash Flow Testing models.
- Collaborate with modeling team on model and assumption changes; Validate and perform reasonableness review of CFT impacts.
- Work with valuation actuaries to understand statutory reserves and liability assumptions. Perform independent review of liability inputs and outputs.
- Execute on timely production of asset in-force file and related controls around asset listing and projections.
- Participate in year-end statutory filings, help construct actuarial memorandums and other regulatory submissions.
- Support the Appointed Actuary and other actuarial leadership in evaluating and determining actuarial accounting policy and methodology for new and existing products as directed and appropriate.
- Support internal and external audit functions
QUALIFICATIONS:
- Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field is required.
- FSA with more than four years of experience in the life/annuity insurance industry.
- Direct experience with Statutory valuation and actuarial modeling.
- Proficient in Python and hands-on experience with large data set is a plus
- Strong problem-solving and analytical skills.
- Ownership, adaptive and self-motivated.
"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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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 more 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:
Read the 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.
