AVP, Actuarial Modeling

KKR

$140K — $180K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field
  • FSA or established ASA with 10+ years of life and annuity industry experience
  • Experience with MG ALFA or other Actuarial Projection Software
  • Strong communication, technical, and analytical skills
  • Self-starter able to solve complex issues independently and collaboratively
  • US GAAP valuation experience preferred
  • Familiarity with programming languages like Python or SQL is a plus

Responsibilities

  • Build actuarial models for newly acquired institutional blocks on Milliman Integrate Actuarial platform
  • Support GAAP and Statutory reporting, cash-flow testing, and other analyses
  • Develop and maintain testing tools for new models
  • Support assumption updates and quantify impacts
  • Assist model production team with quarterly and monthly valuations
  • Follow best practices in model design, change management, documentation, and validation
  • Support audits and regulatory inquiries as needed

Benefits

  • Access to state-of-the-art Milliman Integrate Actuarial platform
  • Opportunity to work in various office locations such as Boston and Des Moines
  • Dynamic and fast-paced work environment
  • Collaborative team culture
  • Discretionary bonus opportunities based on performance
Full Job Description
POSITION OVERVIEW

The position is on the Actuarial Modeling team at Global Atlantic's Boston office. While Boston is the preferred location, other Global Atlantic office locations may be considered such as Des Moines, IA.

RESPONSIBILITIES:
  • Build actuarial models for newly acquired institutional blocks, on our new state-of-the-art Milliman Integrate Actuarial platform
  • Models will be used to support GAAP, US and Bermuda Statutory reporting, cash-flow testing, and other analysis
  • Develop and maintain testing tools for new models
  • Support assumption updates and impact quantification
  • Support model production team in producing quarterly/monthly valuation results
  • Follow and employ model development best practices, including:
    • Model design
    • Change management testing and governance
    • Documentation
    • Model validation
    • Adherence to SOX and Risk Management policies
  • Support internal and external auditing activities as well as regulatory exams and inquiries, as needed

QUALIFICATIONS:
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields
  • FSA or established ASA with 10+ years of experience in the life and annuity insurance industry
  • Solid experience with MG ALFA or other Actuarial Projection Software required
  • Strong communication, technical and analytical skills
  • Self-starter and quick learner, being able to solve complex issues independently and in collaborative team settings
  • US GAAP valuation experience preferred
  • Programming language such as Python or SQL a plus
  • Ability to excel in a dynamic and fast-paced environment

This is the expected annual base salary range for this Boston -based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range $140,000 - $180,000

"To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time."

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