Associate, Actuarial Model Production

Job Description

Global Atlantic Financial Group is seeking an Associate for Actuarial Model Production in its Boston, MA office. The Associate will support the execution and testing of models for the Annuity and Life Insurance business, managing 1-2 direct reports and collaborating with the Model Production team. The role involves close collaboration with Model Development for model testing and with Valuation for producing results.Responsibilities include:

• Leading and performing accurate monthly/quarterly production runs of Variable Annuity etc.
• Integrating and MG-ALFA Models to calculate US Statutory, Tax, US GAAP reserves, and other related actuarial balances.
• Maintaining evidence for SOX controls associated with the production model runs.
• Conducting annual impact testing for potential assumption changes.
• Performing model runs to test model updates implemented by model development team.
• Performing model runs to provide valuation team with reserve impacts from any model change, and supporting the review and approval of those changes.
• Supporting analysis, including sensitivities, for both statutory and GAAP balances and earnings impacts.
• Supporting audit and regulatory requests.
• Managing 1-2 direct reports.

Qualifications include:

• Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance or other related fields.
• FSA with 5+ years or Career ASA with 10+ years of actuarial experience in the life insurance and retirement industry.
• Direct work experience with or knowledge of life and annuity products, US Statutory and GAAP valuation.
• Direct experience with MG-ALFA or other actuarial modeling and valuation software is required.
• Familiarity with programming languages, mainly VBA and Python, but any programming is useful.
• 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 player.

Global Atlantic offers:

• 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)
• Sales incentives