Vice President Chief Actuary, Actuarial Financial Reporting

at Global Atlantic Financial Group
Bermuda

Currently, we are conducting interviews mostly over video.  We are voluntarily returning to the office, and require a vaccination to enter any business office at this time. If you have any questions regarding this policy, please reach out to recruiting@gafg.com.

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. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers asset management and capital markets solutions across multiple strategies.

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. 

The Vice President, Actuarial Financial Reporting (Ivy) will support all actuarial aspects related to valuation and related financial reporting for the various Bermuda Insurers for which Global Atlantic acts as: (a) a sponsor; (b) a co-investor. The successful candidate will be a member of the Global Atlantic offshore actuarial team and report directory to the Chief Actuary of GARe (the primary offshore affiliate for Global Atlantic). The actuary will also work closely with the onshore valuation team, the Bermuda Finance team, and the Risk team.

 

Key Duties and Responsibilities:

  • Calculation of all actuarial components that drive the determination of the Bermuda Solvency Capital Requirement (BSCR)
  • Calculating NAIC, Tax and GAAP reserves, and related actuarial balances
  • Providing projections and analyses for BSCR, NAIC and GAAP balances and earnings impacts
  • Supporting Risk and other teams in calculating BSCR and other capital metrics under internal and external stress scenarios
  • Maintaining and improving relevant controls, including Sarbanes-Oxley (SOX)
  • Conducting annual impact testing for potential assumption changes
  • Working with the Modeling team related to any necessary modeling updates
  • Supporting audit and regulatory requests

 

Minimum Qualifications, Skills & Experience:

  • 10+ years of actuarial experience in the life insurance industry with Associate level actuarial designation; Fellowship preferred
  • 5+ years’ experience  with  life  insurance  Statutory  and  GAAP  valuation/financial reporting
  • Annuity experience strongly preferred
  • Experience with asset adequacy testing (CFT and/or BSCR) strongly preferred
  • Bermuda valuation requirements experience a plus
  • Previous experience with actuarial software; MG-ALFA experience preferred
  • Strong communication, technical, and analytical skills with the ability to participate in creative idea generation
  • Ability to take personal accountability for the execution of goals and objectives, with a positive attitude and excellent ability to work in a team

#LI-KS1

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. 

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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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