What are the responsibilities and job description for the Associate, Actuarial - CFT position at Global Atlantic Financial Group?
POSITION SUMMARY:
Global Atlantic’s Corporate Actuarial Team is seeking an Associate to join the team in the Boston, MA location.
RESPONSIBILITIES:
- Participate in quarterly Cash Flow Testing for the company’s onshore life and annuity business. Ensures 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.
- Collaborates with modeling team to understand model and assumption changes, validate and review reasonableness 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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