Associate, Actuarial - Cash Flow Testing

The Associate, Actuarial - Cash Flow Testing at Global Atlantic plays a pivotal role in preparing and validating quarterly Cash Flow Testing results. This includes managing controls for the Cash Flow Testing process, implementing model changes in collaboration with the modeling team, and executing asset in-force file production. Additionally, the Associate will engage in statutory filings and help construct actuarial memorandums, ensuring accurate representation of financial data and compliance with relevant regulations.

To be considered for the Associate, Actuarial - Cash Flow Testing position at Global Atlantic, candidates are required to have a four-year college degree in actuarial science, mathematics, statistics, or finance. Additionally, candidates should possess FSA qualification and have at least four years of experience in the life or annuity insurance sector. Proficiency in Python and experience with large datasets is also an asset, alongside strong analytical and problem-solving skills.

Global Atlantic actively fosters an environment of growth for the Associate, Actuarial - Cash Flow Testing role. Associates will benefit from diverse training programs and mentorship opportunities, gaining exposure to various aspects of actuarial work. As they hone their skills, they can expect to take on increasing responsibilities, potentially leading to advanced positions within the actuarial team, or even cross-departmental opportunities. The company values continuous learning and offers resources to help employees achieve their professional goals.

At Global Atlantic, we prioritize the well-being of our employees, including those in the Associate, Actuarial - Cash Flow Testing role. We offer hybrid work arrangements, allowing associates to balance office and remote work effectively. Additionally, our benefits package includes generous paid time off, wellness programs, and resources to promote a healthy work-life balance, ensuring that every employee feels supported in both their professional and personal life.

The base salary range for the Associate, Actuarial - Cash Flow Testing position at Global Atlantic is set between $91,500 to $174,600 USD. This salary range reflects an analysis of similar positions within the market and considers factors like geographic location, experience, and skill level. In addition to base pay, employees can expect a comprehensive total rewards package that may include bonuses, equity incentives, and an array of generous benefits to support their financial and personal well-being.

In your response, showcase specific projects or tasks where you conducted Cash Flow Testing, detailing your analytical approach, software tools used, and how you ensured accuracy and compliance with regulations. Highlight what you learned and how that experience prepares you for the Associate role at Global Atlantic.

Explain your process for model validation, including steps you take to review assumptions and outcomes. Discuss any software or statistical techniques you utilize to ensure model integrity, emphasizing how these will be integral to the Associate role.

Share a specific example of a challenging actuarial problem, describing the context and the approach you took to resolve it. Emphasize your analytical skills, collaboration with teams, and the outcome of your solution, linking it to the skills needed for the Associate position.

Provide examples of your experience working in cross-functional teams, specifying how you communicated complex actuarial concepts to non-actuarial stakeholders. Mention any successful collaborations and how they enhanced project outcomes or your understanding of the business.

Discuss the actuarial tools and software you have used in previous roles, such as Python for data analysis or specific actuarial modeling software. Explain how your proficiency in these tools can enhance your contributions as an Associate at Global Atlantic.

Outline your strategies for prioritizing tasks, including how you assess urgency versus importance. Share examples of times when effective prioritization led to meeting tight deadlines or achieving project goals in previous positions.

Present your knowledge of relevant regulatory frameworks affecting cash flow testing and actuarial practices. Discuss how you stay updated on regulatory changes and your approach to ensuring compliance within your work.

Describe your approach to ensuring accuracy in actuarial calculations, including double-checking work, using automated tools, and peer reviews. Illustrate with an example where accuracy was crucial to your earlier projects and how it impacts the role of Associate at Global Atlantic.

When answering this, reflect on what attracts you to Global Atlantic's mission, culture, and values. Discuss how these align with your career goals and personal values, illustrating your enthusiasm for contributing to the company's objectives as an Associate.

Express your insights on trends, such as advancements in technology affecting actuarial models, changing regulations, or shifts in customer needs. Relate these trends to how they might influence your role as Associate, Actuarial at Global Atlantic.