Global Atlantic - Boston, MA

posted 5 months ago

Full-time - Mid Level
Boston, MA

About the position

The Senior Analyst position in the Corporate Actuarial Department at Global Atlantic's Boston office is a pivotal role that offers a unique opportunity to engage with experienced actuaries across various functions, including modeling, risk, valuation, and pricing. This position also involves collaboration with IT and Data professionals who have diverse backgrounds in data onboarding, automation, and validation. The successful candidate will report directly to the Head of Actuarial Data Management and will play a crucial role in ensuring the integrity and efficiency of actuarial data management processes. In this role, the Senior Analyst will be responsible for defining the data requirements for actuarial and other models, ensuring that the necessary data is received from various sources, including counterparties and third-party administrators. The analyst will coordinate with the IT department to capture the correct data in the company's Enterprise Data Hub (EDH) and will be tasked with maintaining the flow of data from EDH to Integrate Data Management (IDM) and subsequently to the actuarial models, specifically MG-ALFA in Integrate. Additionally, the Senior Analyst will create and maintain processes to test and reconcile the data feeding the actuarial models, ensuring that any related data changes are incorporated into the model governance framework. The role also involves identifying and implementing strategies to streamline the flow and reconciliation of actuarial data across the valuation process, thereby maximizing efficiency and control. The analyst will support internal and external audit activities, as well as regulatory exams and inquiries, as needed, making this a multifaceted position that requires strong analytical and communication skills.

Responsibilities

  • Define the data required for Actuarial and other models, ensuring receipt from counterparties and third-party administrators.
  • Coordinate with the IT department to ensure correct data capture in the company's Enterprise Data Hub (EDH).
  • Update and maintain the flow of data from EDH to IDM (Integrate Data Management) to actuarial models (MG-ALFA in Integrate).
  • Create and maintain processes to ensure that data feeding the actuarial models are tested and reconciled.
  • Incorporate related data changes into the model governance framework and help set up and execute effective controls.
  • Identify and implement ways to streamline the flow and reconciliation of actuarial data across the valuation process to maximize efficiency and control.
  • Support internal and external audit activities as well as regulatory exams and inquiries, as needed.

Requirements

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields.
  • 2+ years of experience in the life and annuity insurance industry.
  • Exposure to and experience with actuarial work (working towards ASA designation is a plus).
  • Self-starter and quick learner, able to solve complex issues independently and in collaborative team settings.
  • Strong communication, technical, and analytical skills.
  • Relational database knowledge is required.
  • Experience with MG ALFA is preferred.
  • US GAAP and US Statutory valuation experience is preferred.
  • Programming language such as Python or SQL is a plus.
  • Ability to excel in a dynamic and fast-paced environment.

Nice-to-haves

  • Experience working towards ASA designation.
  • Familiarity with programming languages such as Python or SQL.

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 programs.
  • Virtual physical therapy and remote/onsite fitness reimbursement.
  • Medical second opinion program.
  • Pet insurance.
  • Military leave.
  • Parental leave.
  • Adoption assistance.
  • Fertility and family planning coverage.
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