AVP, Actuarial Financial Reporting

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.

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