Senior Actuarial Modeling Analyst

at Global Atlantic Financial Group
Des Moines, Iowa, United States

**We are still hiring and interviewing for this position. We are conducting interviews over video. Our employees can voluntarily return to our office, some positions may be required to be in office (we will share that at the interview) and for most roles, we are fully supporting remote work through July 2021.*** 

COMPANY OVERVIEW

Global Atlantic is one of the fastest growing companies in the Life and Annuity industry. We are focused on the U.S. retirement and life insurance markets with a broad range of annuities and life insurance options, as well as reinsurance solutions. Our success is driven by competitive, innovative product designs, leading investment management and integrated risk management, along with highly experienced leadership.

Global Atlantic is looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us. 

In February 2021, KKR & Co. acquired a majority stake in Global Atlantic in a strategic transaction.  Additional information can be found in our press release.  

POSITION OVERVIEW

Global Atlantic’s Actuarial Model Production Team is seeking a Modeling Actuary to join the team in Des Moines or via a remote location. Key responsibilities will include the following:

  • Report to Model Production team lead
  • Analyze SOP 03-1, GAAP Intangibles and Fair Value of Liability (FVL) balances for quarterly GAAP financial reporting and help construct associated memorandums
  • Explain changes to quarterly economic reserves used in reporting for the company’s captives
  • Interpret quarterly GAAP, Statutory, and Financial Planning model runs
  • Assist in Cash Flow Testing for Accordia and three subsidiaries.  Responsibilities include interpretation of model results, sensitivity and assumption testing, documentation, and drafting of memorandums
  • Partner with Model Development to test and quantify the impact of assumption and model changes
  • Develop, update, and maintain financial reporting controls to adhere to requirements of section 404 of the Sarbanes Oxley act
  • Support internal and external audit functions
  • This is a student role with the expectation that the candidate is actively progressing towards ASA or FSA
  • This role is not currently expected to manage other individuals

 

QUALIFICATIONS

  • Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field is required 
  • Two or more years of experience in the life/annuity insurance industry is preferred
  • Direct experience with MG ALFA or other actuarial valuation / projection software is required
  • Understanding of US GAAP and Statutory valuation frameworks is required
  • Experience with SAS or other programming is a plus
  • Knowledge of individual life and indexed products preferred
  • Demonstrated high competency to solve complex calculations and understand technical written material
  • Strong communication, technical and analytical skills
  • Ownership - Takes personal accountability for the execution of goals and objectives
  • Innovative - Able to participate in the generation of new and unique ideas
  • Teamwork - Positive attitude necessary to be part of a strong performing team

This position has the opportunity to be remote based working out of your home office

TOTAL REWARDS STATEMENT  

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 are proud to support your personal and professional growth and well-being through programs such as educational assistance, virtual physical therapy, remote/onsite fitness reimbursement, a medical second opinion program, pet insurance, military leave, parental leave, adoption assistance, fertility and family planning coverage. We strive to foster a culture of total well-being through community outreach and charitable giving programs.

We are active in our communities-

  • New York: Red Hook Conservancy, Girls Who Invest and The Bowery Mission
  • Boston: Cradles to Crayons, Project Bread, Let’s Get Ready, Rise Against Hunger, Salvation Army and many other local volunteer organizations in around the Boston area
  • Hartford: Habitat for Humanity, Foodshare, Humane Society, Hands on Hartford, Mercy Shelter and Dog Star Rescue
  • Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
  • Batesville: American Cancer Society Relay for Life, Angels of Giving, Margaret Mary Health Foundation, Ripley County Community Foundation, Safe Passage, Batesville High School Sponsorships, local area youth sports and food pantries, as well as many others
  • Des Moines: United Way, Central Iowa Shelter & Services, Junior Achievement of Central Iowa and Make a Wish Foundation
  • Berwyn: Food drive and will be planning an event to help a local family over the holidays
  • Atlanta: Packaged Good Organization, which helps the most vulnerable community members with providing personalized care packages for people in need including the elderly, our armed forces, the homeless and hospitalized kids
  • Bermuda: Sponsor of a weekly feeding program operated by The Hamilton Seventh-Day Adventist Church

Social platforms provide an environment to collaborate with others and participate in friendly competitions towards achieving physical, emotional and financial well-being. 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 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. 

Global Atlantic Financial Company Employee Candidate Privacy Notice

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Voluntary Inclusion Questions

We encourage qualified applicants from all backgrounds to apply.  As such, we are committed to achieving a diverse candidate pool for open positions and that our interview teams are made up of employees from different backgrounds.  Sharing your background with us will help us with that focus, although recruiters and hiring managers will not have the ability to see individual responses (only aggregate information).  

This information is not used to determine who is selected for interviews or will be hired, but is helpful in identifying resources, sites and groups which add value in increasing our applicant pool and ensures that we attract the best and most diverse workforce.  This is purely voluntary but will help our mission to be inclusive.  

 

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