Global Atlantic - Boston, MA

posted 5 months ago

Full-time - Mid Level
Boston, MA

About the position

The Senior Analyst position on the Actuarial Modeling team at Global Atlantic's Boston office is a critical role that involves building and maintaining actuarial models for various reinsurance agreements. The successful candidate will be responsible for utilizing MG-ALFA, a leading actuarial modeling software, to create models for new reinsurance agreements and enhance existing models for transactions such as annuity blocks and flow, as well as Pension Risk Transfers (PRT). This role requires a strong analytical mindset and the ability to implement assumption changes and new product features in MG-ALFA, ensuring that all models are reconciled against the pricing R3S model. In addition to model development, the Senior Analyst will prepare model change analyses, conduct regression testing, quantify impacts, and document all changes thoroughly. The position also supports valuation processes for US GAAP, US Statutory, US asset adequacy analysis, and Bermuda Economic Balance Sheet (EBS) requirements. This multifaceted role demands a results-oriented individual who can manage multiple high-priority tasks simultaneously while maintaining a focus on quality and effective outcomes. The ideal candidate will thrive in a dynamic and fast-paced environment, demonstrating strong communication and problem-solving skills. They will be expected to work collaboratively within a team while also being a self-starter capable of tackling complex issues independently. This position offers an opportunity to contribute significantly to the actuarial modeling efforts at Global Atlantic, a leader in the life insurance and annuity industry, and to grow professionally within a supportive and innovative company culture.

Responsibilities

  • Build actuarial models in MG-ALFA for new reinsurance agreements
  • Maintain and enhance MG-ALFA model for existing reinsurance transactions such as annuity block/flow and PRT
  • Implement assumption changes and new product features in MG-ALFA and reconcile against the pricing R3S model
  • Prepare model change analysis, regression testing, impact quantification, and documentation
  • Support valuation for US GAAP, US Statutory, US asset adequacy analysis, and Bermuda EBS

Requirements

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields
  • Near ASA with 2+ years of experience in the life/annuity insurance industry
  • Direct experience with MG-ALFA or other actuarial modeling software is preferred
  • Self-starter and quick learner, able to solve complex issues independently and in collaborative team settings
  • Strong communication, problem-solving, technical and analytical skills
  • Results-oriented, with ability to execute multiple high-priority items simultaneously
  • Ambition and desire to succeed by delivering quality and effective results
  • Ability to excel in a dynamic and fast-paced environment

Nice-to-haves

  • Experience with other actuarial modeling software
  • Familiarity with US GAAP and US Statutory valuation processes

Benefits

  • Generous benefits including immediate vesting on employee contributions to a 401(k) with company match
  • Annual cash bonuses and long-term incentives (equity)
  • Educational assistance
  • Virtual physical therapy
  • Remote/onsite fitness reimbursement
  • Medical second opinion program
  • Pet insurance
  • Military leave
  • Parental leave
  • Adoption assistance
  • Fertility and family planning coverage
  • Community outreach and charitable giving programs
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