All offices are currently open, and our employees are back 4 or 5 days a week in Hudson Yards, NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact recruiting@gafg.com.

 

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

Global Atlantic is 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. 

We use Greenhouse as our scheduling tool and communicate through their systems. At times, your email may block our communications. Please be sure to check your SPAM so that you do not miss critical information about our process, including scheduling. 

POSITION OVERVIEW

Global Atlantic Financial Company is seeking a candidate for the position of Actuarial Modeling Associate in Des Moines, Iowa. Responsibilities include:

  • Actuarial Modeling Associate within the Actuarial Modeling Group in Des Moines, Iowa.
  • Responsible for input management by optimizing the efficiency and accuracy with which external policy and transaction data is brought into the Global Atlantic models.
  • Work with Operations Team to build checks of Third-Party Administrators (TPA) data extracts and scrubbing of data before it is released to production.
  • Build automated checks and key effective controls of all inputs into the production process and throughout the process.
  • Responsible for output management by establishing a robust reporting framework to support financial analysis and reporting.
  • Build standard actuarial analysis and review reports with drill down capability.
  • Help support the team leader, as required, with the design of the analysis and review reports.
  • Responsible for model validation by taking on a measure of responsibility in ensuring all actuarial models are appropriately and independently validated.
  • Build parallel models in IBM’s Algo Financial Modeler (AFM) to validate complex valuation models and to feed automated quarterly comparison dashboards.
  • Update and maintain existing AFM models as necessary for model and assumption changes.

QUALIFICATIONS

  • Bachelor’s degree (U.S. or foreign equivalent) in Actuarial Science, Mathematics, Statistics, Finance or a related quantitative field, plus three (3) years of experience in model and data risk management with a life insurance company, Big 4 accounting firm, or major consulting firm. Employer will accept bachelor's degree equivalent based on single degree (i.e., 4-year foreign bachelor's degree program), combination of degrees (i.e., 3-year foreign bachelor's degree program + 2-year foreign master's degree program), or combination of degree(s) and professional work experience (e.g., 3-year foreign bachelor's degree program + 3 or more years of progressive work experience), where determined to be equivalent to U.S. bachelor's degree by a qualified credential evaluation service, such as the Trustforte Corporation.

Prior work experience must include three (3) years of:

  • Modeling Index and non- Index linked Universal Life Product on MG-ALFA.
  • Building different accounting regulations such as Tax, GAAP, PGAAP, and LDTI on MG-ALFA.
  • Reporting different accounting financials to insurance regulators.
  • Calculating different insurance components such as reserves, liabilities, and assets to meet the different company and external stakeholder needs.
  • Modeling different assumptions such as lapse, death, interest rates, interest rate into the different Actuarial tools such as MG ALFA
  • Performing experience analysis of different assumptions such as market assumptions, lapse, mortality, and surrender assumption.
  • Making recommendation of different assumptions to be built into the model.
  • Reporting for different legal entities such as captives and reinsurers.
  • Building key automation tools using Python and Excel VBA for smoother process improvement.

TOTAL REWARDS STATEMENT  

Global Atlantic’s total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We are proud to support your personal and professional growth and well-being through programs such as educational assistance, virtual physical therapy, remote/onsite fitness reimbursement, a medical second opinion program, pet insurance, military leave, parental leave, adoption assistance, fertility and family planning coverage. We strive to foster a culture of total well-being through community outreach and charitable giving programs.

We are active in our communities-

  • New York: Red Hook Conservancy, Girls Who Invest and The Bowery Mission
  • Boston: Cradles to Crayons, Project Bread, Let’s Get Ready, Rise Against Hunger, Salvation Army and many other local volunteer organizations in around the Boston area
  • Hartford: Habitat for Humanity, Foodshare, Humane Society, Hands on Hartford, Mercy Shelter and Dog Star Rescue
  • Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
  • Batesville: American Cancer Society Relay for Life, Angels of Giving, Margaret Mary Health Foundation, Ripley County Community Foundation, Safe Passage, Batesville High School Sponsorships, local area youth sports and food pantries, as well as many others
  • Des Moines: United Way, Central Iowa Shelter & Services, Junior Achievement of Central Iowa and Make a Wish Foundation
  • Berwyn: Food drive and will be planning an event to help a local family over the holidays
  • Atlanta: Packaged Good Organization, which helps the most vulnerable community members with providing personalized care packages for people in need including the elderly, our armed forces, the homeless and hospitalized kids
  • Bermuda: Sponsor of a weekly feeding program operated by The Hamilton Seventh-Day Adventist Church

Social platforms provide an environment to collaborate with others and participate in friendly competitions towards achieving physical, emotional and financial well-being. Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family.

Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws.  More than that, we strive to be inclusive of all backgrounds and experiences, which we feel gives us a competitive advantage in the market and within our firm.  All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status.

Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you are hired and require an accommodation for any protected status, please email benefits@gafg.com.

Please click on the links below to learn more about Global Atlantic.

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