Actuarial Associate, Valuation

Global Atlantic Financial Group; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

A leading insurance company is seeking a Senior Analyst or Associate to support the valuation and financial reporting of life insurance blocks. The role involves calculating reserves, analyzing financial results, and improving controls. Ideal candidates will have FSA or ASA designations and significant actuarial experience. This position offers hybrid work options and competitive compensation packages.

Benefits

Annual cash bonuses

Long-term incentives (equity)

Generous benefits

Immediate vesting on 401(k) contributions

Qualifications

• 5+ years of actuarial experience, preferably with life insurance products.
• Knowledge of US Statutory and GAAP valuation.

Responsibilities

• Calculating US Statutory, Tax, US GAAP reserves.
• Providing analysis for Statutory and GAAP balances.
• Supporting audit and regulatory requests.

Skills

Communication

Technical Skills

Analytical Skills

Education

FSA designation

ASA designation

Tools

MG-ALFA

Polysystems

Triton

Python

Job description

Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. KKR's parent company is KKR & Co. Inc. (NYSE: KKR).

POSITION SUMMARY:

This position will support the valuation and financial reporting of life insurance blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business. Senior Analyst or Associate level position based on prior experience. Ideally located in Boston, MA office but open to Des Moines, IA, office as well.

RESPONSIBILITIES:

• Calculating US Statutory, Tax, US GAAP reserves, and other related actuarial balances.
• Providing analysis, including reserve movement and sensitivities, for both Statutory and GAAP balances.
• Analyzing and explaining the sources of earnings of the quarterly financial results.
• Maintaining and improving various controls, including Sarbanes-Oxley (SOX).
• Conducting annual impact testing for potential assumption changes.
• Working with the Modeling team related to any necessary modeling updates.
• Working with IT and data team on valuation system transformation.
• Supporting audit and regulatory requests.

QUALIFICATIONS:

• FSA designation with 5+ years of experience or a career ASA with 10+ years.
• 5+ years of actuarial experience, preferably with life insurance products.
• Knowledge of reinsurance structures is a plus.
• Knowledge of life US Statutory and GAAP valuation.
• Experience with actuarial software, especially MG-ALFA, Polysystems, or Triton, is helpful.
• Experience with Python or a similar language is a plus.
• Strong communication, technical, and analytical skills.
• Takes personal accountability for the execution of goals and objectives.
• Able to participate in the generation of new and unique ideas.
• Has positive attitude necessary to be part of a strong performing team.

#LI-CA1

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Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.

Global Atlantic’sbase salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives.

Our employees are in the office 4 - 5 days per week in Hudson Yards, NY and 3 - 4 days per week in all other offices. If you have questions on this policy or the application process, please reach out to [e-mail]

Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes. Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.

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