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Global Atlantic Financial Group Opportunities
Boston, MA | Full Time
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WellSense Health Plan
Boston, MA | Full Time
$76k-95k (estimate)
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WellSense Health Plan
Boston, MA | Full Time
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Actuarial Analyst
Full Time 6 Months Ago
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Global Atlantic Financial Group Opportunities is Hiring an Actuarial Analyst Near Boston, MA

Summary 

The Analyst, Corporate Actuarial - Reinsurance (the actuary) will report to the Assistant Vice President, Corporate Actuarial. The actuary will be focused on two broad areas:

  • Onboarding new external reinsurance transactions with respect to all Actuarial models and related accounting
  • Supporting internal reinsurance transactions with respect to all Actuarial models and related accounting

Key Duties and Responsibilities: 

  • Global Atlantic’s Institutional Segment is focused on acquiring blocks of life insurance and annuities via reinsurance transactions. The actuary will be at the forefront of ensuring that these assumed blocks are properly onboarded from an Actuarial perspective. This will involve working with the following areas: Model Development, Valuation, Finance, Risk, IT, Ops, etc. Specific tasks will involve development of the appropriate accounting treatment, specification of relevant calculations (reserves, etc.), validation that the corresponding models are following these specifications, etc.
  • Global Atlantic will generally retrocede assumed blocks to various affiliates and sponsored entities. These retrocessions involve many of the same activities as the original cessions (detailed above). The actuary will also be involved in the corresponding activities for these retrocessions.
  • Documentation of all external and internal reinsurance transactions
  • Analysis of capital impacts of external and internal reinsurance transactions
  • Supporting Risk and other teams in calculating statutory capital, RBC, and other capital metrics under internal and external stress scenarios
  • Maintaining and improving relevant controls
  • Supporting audit and regulatory requests

Minimum Qualifications, Skills & Experience: 

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or other related field
  • 0-3 years of actuarial experience 
  • 2 parts passed on the actuarial exam
  • Experience with Statutory and GAAP valuation/financial reporting, a plus
  • Strong communication, technical, and analytical skills with the ability to participate in creative idea generation
  • Ability to take personal accountability for the execution of goals and objectives, with a positive attitude and excellent ability to work in a team
  • Adaptable, can seamlessly maintain effort and focus when priorities change
  • Learning mindset, focus on continuous process improvement
  • Results-oriented, with ability to execute multiple high-priority items simultaneously
  • Ambition and desire to succeed by delivering quality and effective results
  • Ability to work in a fast-paced environment while maintaining attention to detail

#LI-SK1

Job Summary

JOB TYPE

Full Time

POST DATE

09/10/2022

EXPIRATION DATE

10/03/2022

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The following is the career advancement route for Actuarial Analyst positions, which can be used as a reference in future career path planning. As an Actuarial Analyst, it can be promoted into senior positions as an Actuary IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Actuarial Analyst. You can explore the career advancement for an Actuarial Analyst below and select your interested title to get hiring information.

WellSense Health Plan
Full Time
$83k-104k (estimate)
3 Weeks Ago
WellSense Health Plan
Full Time
$76k-95k (estimate)
8 Months Ago
Cohere Health
Remote | Full Time
$88k-109k (estimate)
1 Month Ago

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Pass at least one actuarial exam.

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Step 3: View the best colleges and universities for Actuarial Analyst.

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