What are the responsibilities and job description for the Senior Actuarial Modeling Analyst position at Global Atlantic Financial Group?
POSITION SUMMARY:
The Senior Analyst will join the Actuarial Modeling team at Global Atlantic’s Boston, MA office. The role will be responsible for building actuarial models for retail annuity products and newly acquired institutional blocks, on our new state-of-the-art Milliman Integrate Actuarial platform. These models will be used to support GAAP, US and Bermuda Statutory reporting, cash-flow testing, and other analysis.
RESPONSIBILITIES:
- Develop and maintain testing tools for new models for retail FA and VA.
- Support assumption updates and impact quantification.
- Support model production team in producing quarterly/monthly valuation results.
- Follow and employ model development best practices, including:
- Model design.
- Change management testing and governance.
- Documentation.
- Model validation.
- Adherence to SOX and Risk Management policies.
- Support internal and external auditing activities as well as regulatory exams and inquiries, as needed.
QUALIFICATIONS:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields.
- ASA or near ASA with 2 years of experience in the life and annuity insurance industry.
- Experience with MG ALFA or other Actuarial Projection Software preferred.
- Strong communication, technical and analytical skills.
- Strong controls mindset, including documentation and change management best practices.
- Self-starter and quick learner, being able to solve complex issues independently and in collaborative team settings.
- US GAAP valuation experience preferred.
- Programming language such as Python or SQL a plus.
- 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.
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