Associate, Actuarial Model Production

As an Associate in Actuarial Model Production at Global Atlantic, you'll lead the execution and testing of models for Annuity and Life Insurance. Your primary responsibilities will include running monthly and quarterly production runs, maintaining SOX controls, supporting various analytical processes, and managing a small team. You will collaborate closely with Model Development and Valuation to ensure accurate and timely outputs.

To qualify for the Associate in Actuarial Model Production role at Global Atlantic, you'll need a Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance, or a related field. Ideally, you should have FSA certification with 5+ years of experience, or be a Career ASA with 10+ years of experience in the actuarial field, specifically in life insurance and retirement.

You should have direct experience with MG-ALFA or similar actuarial modeling and valuation software. Familiarity with programming languages, particularly VBA and Python, is also beneficial as it supports the modeling tasks you'll undertake within the Global Atlantic framework.

Global Atlantic prioritizes a strong workplace culture centered around integrity and teamwork. As an Associate in Actuarial Model Production, you will be part of a high-performing team that values open communication, innovative ideas, and diversity. With a focus on employee well-being and career development, the organization fosters an inclusive environment that encourages employees to thrive.

In the Associate position at Global Atlantic, you will have ample opportunities for professional growth. With ongoing projects, mentorship from experienced colleagues, and access to robust training programs, you’ll enhance your skill set and advance within the actuarial field, establishing a fulfilling career path alongside Global Atlantic's strong values.

When answering this question, emphasize your hands-on experience with MG-ALFA or similar tools, detailing specific projects you’ve worked on. Discuss how you've used these models to influence business decisions or improve processes, as this shows your practical understanding of the software's importance in actuarial work.

Highlight your methodical approach to checking and validating models. Talk about your familiarity with adhering to SOX controls, conducting variance analysis, and performing peer reviews to double-check results, showcasing your commitment to accuracy and compliance.

Describe your project management skills and teamwork philosophy. You can mention specific strategies like agile methodologies or other frameworks you’ve used, as well as your ability to communicate and coordinate with team members to meet tight deadlines effectively.

Share relevant projects where you were involved in developing or testing valuation models, detailing your role and the impact on the organization. Highlight any adjustments or improvements you made that contributed to efficiencies or insights gained from the modeling process.

Identify specific challenges you've encountered, such as data discrepancies or changes in regulatory requirements. Discuss how you approached these challenges logically, whether through collaboration, innovative problem-solving techniques, or seeking mentorship, showing your resilience and adaptability.

Explain your communication style, possibly mentioning regular team updates, collaborative tools, and fostering an open environment where team members feel comfortable sharing feedback and ideas. Effective communication can significantly enhance teamwork, especially in modeling projects.

Articulate specific aspects of actuarial work that you find fulfilling, such as the analytical challenges, making impactful decisions, or continuous learning. Demonstrating your passion can be compelling and aligns well with Global Atlantic's values of personal accountability and innovative thinking.

Discuss your commitment to professional development through attending webinars, reading industry publications, and engaging in networks or actuarial societies. Staying informed about regulatory changes is critical for ensuring compliance and effectiveness in your role.

Give a specific example of a team project that highlights your contributions, emphasizing teamwork, collaboration, leadership, or analytical skill. This will showcase your ability to impact results positively while working with others, aligning with Global Atlantic's team-oriented culture.

Identify your unique skills and perspectives—whether it's a specific technical expertise, strong communication skills, or a diverse background. This self-awareness can demonstrate to interviewers how you’ll contribute to the team and help achieve Global Atlantic's objectives.