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
• 1 years of relevant 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

Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office. 

Global Atlantic’s base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include 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), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives. The base salary range for this role is $55,301 to $105,336.

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