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Form of work
POSITION OVERVIEW
Global Atlantic's Corporate Actuarial Team is seeking an Associate for our CFT modeling team in our Hartford Office. Key responsibilities will include the following:
- Participate in quarterly Cash Flow Testing. Responsibility includes, but not limited to, preparing input files, performing reasonableness analysis of model output, and investigating issues.
- Work closely with modeling consultants to build and enhance quarterly Cash Flow Testing process on the Integrate system, a cloud-based actuarial modeling and valuation system.
- Work independently or closely with modeling consultants to build a data visualization function to produce Cash Flow Testing reports for management review and regulatory submissions.
- Propose and implement model changes to incorporate ever-changing regulatory requirements or business needs into Cash Flow Testing models.
- Participate in year-end statutory filings, help construct actuarial memorandums and other regulatory submissions.
- Support the Appointed Actuary and other actuarial leadership in evaluating and determining actuarial accounting policy and methodology for new and existing products as directed and appropriate.
- Develop, update and maintain controls for Cash Flow Testing process. Support internal and external audit functions
QUALIFICATIONS
- Education and experience equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or other related field is required.
- Newer FSA or established ASA with four or more years of experience in the life/annuity insurance industry is preferred.
- Direct experience with MG ALFA or other actuarial valuation / projection software is required.
- Understanding of assets and ALM modeling is preferred.
- Experience with database, PowerBI or other data visualization tool is a plus.
- Demonstrated high competency to solve complex calculations and dive into technical details.
- Be able to work under competing timelines and adapt to changing priorities.
- Strong problem-solving, technical and analytical skills.
- Ownership, think out-of-the-box and self-motivated.
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