VP, Institutional Risk

at Global Atlantic Financial Group
New York, New York, United States

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Company policy requires all employees and visitors to the Hudson Yards, NY office to be vaccinated against the COVID-19 virus.

COMPANY OVERVIEW

Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

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. 

POSITION OVERVIEW

The Institutional Risk Vice President will join Global Atlantic’s Institutional Markets business, based in NYC. We are a ~50-person principal investing team within Global Atlantic Financial Group, subsidiary of KKR. We are focused on deploying capital on reinsurance and acquisition opportunities in the Insurance Industry. Since Global Atlantic’s founding in 2004, the group has executed multiple strategic acquisitions and reinsurance transactions, including block, flow and PRT reinsurance, representing a total of $99.5 billion of assets as of December 31, 2021.

Reporting to the Managing Director, Head of Institutional Risk, the Institutional Risk Vice President will work as part of the Institutional Business team to help model blocks of insurance liabilities, perform quantitative and qualitative analysis used to evaluate potential reinsurance or acquisition opportunities, and participate in risk-management of the Institutional Business book more broadly.

Responsibilities include but are not limited to:

  • Perform liability modeling for reinsurance deal pricing and financial analysis
  • Reconcile model output, including single cell analysis, against other sources, such as appraisal projections (from ALFA, Poly, etc.) or the output of Experience Studies model
  • Help with identifying and quantifying risks embedded in different liabilities by stressing insurance / liability assumptions, and suggesting sensitivities and mitigating actions
  • Assist with experience studies for reinsurance pricing and performance monitoring
  • Assist with understanding the financial performance of completed deals
  • Assist with providing integration support for completed deals
  • Collaborate both within Institutional Business, as well as with other areas such as Risk, Actuarial, Finance, and Investments regularly

QUALIFICATIONS

  • Bachelor’s Degree in a quantitative discipline required
  • Qualified Actuary: Fellow of the Society of Actuaries preferred
  • 8+ years of relevant experience, including actuarial consulting, reinsurance, insurance M&A, and valuation / financial reporting
  • Strong quantitative and technical abilities, broad knowledge of life and annuity products
  • Strong skills / experience in actuarial modeling, and experience working with modeling software such as ALFA, AXIS, or Prophet required
  • Experience with financial performance analysis and liability assumption setting is a plus
  • Exceptional analytical abilities, with the ability to draw clear conclusions from research and effectively communicate with leaders across the organization
  • Strong organizational and time management skills

#LI-DE1

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.

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 are hired and require an accommodation for any protected status, please email benefits@gafg.com.

Please click on the links below to learn more about Global Atlantic.

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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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