Associate – Actuarial Modeling
| Company | Global Atlantic Financial Group |
|---|---|
| Location | Boston, MA, USA |
| Salary | $84500 – $160800 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields.
- FSA with 5+ years or career ASA with 10+ years of experience in the life and annuity insurance industry.
- Experienced with programming languages such as Python or SQL.
- Self-starter and quick learner, being able to solve complex issues independently and in collaborative team settings.
- Strong communication, technical and analytical skills.
- Strong controls mindset, including documentation and change management best practices.
Responsibilities
- Extract, Transform, Load (ETL) development in Milliman’s Integrate platform to support Bermuda’s Best Estimate Liability (BEL) production and other financial lenses.
- Develop and maintain actuarial models in MG-ALFA to support BEL and related Bermuda valuation and financial reporting processes. This includes insurance liability cash flow modeling and integrated asset-liability modeling. Ensure the readiness of model and production process when new deals are onboarded.
- Test and analyze model results, including setting expectations for model change impacts. Document the development process and specific model changes.
- Communicate with Bermuda actuarial team to understand and prioritize business needs. Coordinate with other model developers/ users for a smooth and accurate model development-to-release process.
- Support internal and external audit activities as well as regulatory exams and inquiries, as needed.
Preferred Qualifications
- Experience with MG ALFA is preferred.
- Bermuda EBS or Solvency II valuation experience is preferred.