AVP, Actuarial Financial Reporting
$140k - $170k USD
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.
The position is on the Actuarial Valuation team at Global Atlantic’s Boston office. The AVP candidate will lead the valuation and financial reporting for the Variable Annuities blocks of business.
RESPONSIBILITIES
- Lead and manage the Variable Annuities valuation team for all financial reporting related activities.
- Calculate US GAAP, Statutory, Tax reserves, and other actuarial balances.
- Provide analysis, including reserve movement and sensitivities, for both Statutory and GAAP balances.
- Analyze and explain the sources of earnings of the quarterly financial results.
- Conduct annual impact testing for potential assumption changes.
- Work with the Modeling team for any necessary modeling updates.
- Collaborate with IT and the data team on valuation system updates or enhancements.
- Maintain and improve various controls, including Sarbanes-Oxley (SOX).
- Support audit and regulatory requests.
QUALIFICATIONS
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields.
- FSA designation with 10+ years of experience in the life and annuity insurance industry.
- Strong knowledge of variable annuities products.
- Experience with US Statutory and GAAP valuation is preferred.
- Strong communication, technical, and analytical skills.
- Self-starter and quick learner, being able to solve complex issues independently.
- Has a positive attitude and excels in collaborating across teams.
- Ownership, adaptive and self-motivated.
#LI-KW1
This is the expected annual base salary range for this Boston-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Global Atlantic EEOC Statement
Global Atlantic is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
The base salary range for this role
$140,000—$170,000 USD
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.