What are the responsibilities and job description for the Associate, Valuation position at gafg?
About Global Atlantic
Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S., Bermuda, and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR), a leading global investment firm, Global Atlantic combines deep insurance expertise with KKR’s powerful investment capabilities to deliver long-term financial security for millions of individuals worldwide. With a broad suite of annuity, preneed life insurance, reinsurance, and investment solutions, Global Atlantic, through its issuing companies, helps people achieve their financial goals with confidence. For more information, please visit www.globalatlantic.com.
POSITION SUMMARY
This position will support the valuation and financial reporting of the Life Insurance blocks. The candidate will work with the valuation team in both the reporting and analysis/review of the business. Senior Analyst or Associate level position based on prior experience. This role can be located in Boston, MA or Hartford, CT office.
RESPONSIBILITIES
Key responsibilities of the role include:
• Calculating US Statutory, Tax, US GAAP reserves, and other related actuarial balances.
• Providing analysis, including reserve movement and sensitivities, for both Statutory and GAAP balances.
• Analyzing and explaining the sources of earnings of the quarterly financial results.
• Maintaining and improving various controls, including Sarbanes-Oxley (SOX).
• Conducting annual impact testing for potential assumption changes.
• Working with the Modeling team related to any necessary modeling updates.
• Working with IT and data team on valuation system transformation.
• Supporting audit and regulatory requests.
QUALIFICATIONS
• FSA designation, close to attaining FSA, or career ASA.
• 5 years of actuarial experience preferably with annuities.
• Knowledge of annuity US Statutory and GAAP valuation is helpful.
• 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.
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:
$90,000 - $140,000 USD
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.
Privacy Statement
Our employees are in the office 5 days per week in New York and 4 days per week in all other offices. If you have questions on this policy or the application process, please reach out to benefits@gafg.com
Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes. Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.
Salary : $90,000 - $140,000