Associate, Actuarial - Cashflow testing

Global Atlantic Financial Group; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading insurance company is seeking an Associate for their Corporate Actuarial Team. The role involves participating in Cash Flow Testing, collaborating with modeling teams, and supporting actuarial leadership. Ideal candidates will have a strong actuarial background and problem-solving skills.

Benefits

401(k) with company match

Annual cash bonuses

Long-term incentives (equity)

Generous benefits

Qualifications

• Education equivalent to a four-year college degree in actuarial science or related field.
• FSA with more than four years of experience in the life/annuity insurance industry.

Responsibilities

• Participate in quarterly Cash Flow Testing for life and annuity business.
• Collaborate with modeling team on model and assumption changes.
• Support internal and external audit functions.

Skills

Problem-Solving

Analytical Skills

Ownership

Adaptability

Self-Motivation

Education

Bachelor's Degree in Actuarial Science

FSA Certification

Tools

Python

Job description

Associate, Actuarial - Cash Flow Testing

COMPANY OVERVIEW

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:

Global Atlantic’s Corporate Actuarial Team is seeking an Associate to join the team in the Boston, MA location.

RESPONSIBILITIES:

• Participate in quarterly Cash Flow Testing for the company’s onshore life and annuity business andensure the timely and accurate preparation, validation, and delivery of Cash Flow Testing results.
• Develop, update, and maintain controls for Cash Flow Testing process.
• Work closely with modeling team to implement model changes that reflect new regulatory requirement or business need into Cash Flow Testing models.
• Collaborate with modeling team on model and assumption changes; Validate and perform reasonableness review of CFT impacts.
• Work with valuation actuaries to understand statutory reserves and liability assumptions. Perform independent review of liability inputs and outputs.
• Execute on timely production of asset in-force file and related controls around asset listing and projections.
• Participate in year-end statutory filings, help construct actuarial memorandums and other regulatory submissions.
• Support the Appointed Actuary and other actuarial leadership in evaluating and determining actuarial accounting policy and methodology for new and existing products as directed and appropriate.
• Support internal and external audit functions

QUALIFICATIONS:

• Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field is required.
• FSA with more than four years of experience in the life/annuity insurance industry.
• Direct experience with Statutory valuation and actuarial modeling.
• Proficient in Python and hands-on experience with large data set is a plus
• Strong problem-solving and analytical skills.
• Ownership, adaptive and self-motivated.

#LI-CA1

#LI-Hybrid

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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