Senior Actuarial Analyst - Model Development

at  Global Atlantic Financial Group

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 wholly-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.
We are 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

Global Atlantic’s Actuarial Model Development Team is seeking a Sr. Actuarial Analyst to join the Modeling team in Des Moines location.

JOB DESCRIPTION:

• Developing models and performing thorough and timely pricing and risk analysis, including both statutory and GAAP profitability measures
• Enhance existing model and onboarding new models (for new reinsurance deals) for financial reporting production
• Perform financial and risk analysis and assess statutory and GAAP profitability measures using MG-ALFA actuarial model results and Excel spreadsheet calculation tools
• Preparing model documentation and supporting audit and regulatory requests
• Review and calculation of capital, requirements, Statutory reserves and GAAP reserves
• Working in the life insurance industry with a background in a range of life insurance products offered and specialized expertise with the various types of complex products such as Universal Life
• Modeling of cash flows, reserves, regulatory filing and software implementation of individual life insurance products.
• Familiarity with actuarial modeling software systems, such as MG-ALFA and AFM, used for cash flow projections of insurance business
• Utilizing database software system such as SAS, R, Python, or SQL
• Responding to ad-hoc actuarial requests, including new business case design, product marketing material review and actuarial, reinsurance, tax and other calculations as needed by various stakeholders in an insurance company

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 required
• Direct experience with MG ALFA and Integrate or other actuarial valuation / projection software is required
• 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