Senior Analyst, Actuarial Financial Reporting

As a Senior Analyst, Actuarial Financial Reporting at Global Atlantic, your primary responsibilities will include calculating US Statutory, Tax, and US GAAP reserves, providing detailed analysis of statutory and GAAP balances, and maintaining vital compliance controls, such as those required by Sarbanes-Oxley (SOX). You will also assist cross-functional teams with the onboarding of new deals to existing models, conduct annual impact testing for assumption changes, and support various audit and regulatory requests.

To qualify for the Senior Analyst, Actuarial Financial Reporting position at Global Atlantic, candidates generally need at least 2 years of actuarial experience within the life insurance and retirement industry. Progressing toward the ASA designation is preferred, alongside a strong understanding of annuity or life insurance products and the ability to navigate US Statutory and GAAP valuation. Familiarity with actuarial software such as MG-ALFA can be a significant asset.

The role of a Senior Analyst in Actuarial Financial Reporting at Global Atlantic emphasizes strong communication, technical, and analytical skills. Additionally, personal accountability for achieving goals, the ability to generate unique ideas, and a positive attitude towards teamwork are highly valued within the company’s collaborative culture.

Global Atlantic encourages continuous professional development for Senior Analysts through various means. Employees are offered opportunities for further education, guidance towards attaining actuarial designations like ASA, and access to a network of experienced professionals to learn from. The company also promotes a culture of innovation and accountability, giving analysts the chance to make meaningful contributions to the business.

Global Atlantic is known for promoting a strong work-life balance. Senior Analysts typically work in a supportive environment where flexibility is respected, and employee wellbeing is prioritized. With structured benefits, competitive salaries, and a positive corporate culture, Global Atlantic aims to create an environment where employees are happy and productive.

In discussing tools for actuarial financial reporting, highlight your experience with actuarial software such as MG-ALFA and any other relevant platforms you've used. Emphasize how these tools have aided you in modeling and valuation processes, and how they can enhance efficiency and accuracy in reporting.

When answering this question, choose a concept such as ‘reserves’ or ‘assumptions’ in valuation. Break it down by using analogies or simple language that a layperson could understand, demonstrating not only your technical knowledge but also your communication skills.

Discuss specific regulations such as Sarbanes-Oxley (SOX) that you have experience complying with. Explain the steps you take to adhere to these regulations, including documentation practices, checks and controls, and ongoing education about regulatory changes in the actuarial field.

Share a specific example where you analyzed financial data, detailing the objectives, the approach you took, and the outcomes. Make sure to emphasize your analytical skills and how your contributions impacted the decision-making process.

Identify a common challenge, such as adjusting estimates based on changing assumptions, and explain the strategies you employ to tackle this issue. Highlight your analytical thinking, adaptability, and any tools or methodologies you use to mitigate risks associated with these challenges.

Highlight the importance of effective communication and teamwork when working with different departments. Describe your approach to fostering collaboration, including setting clear goals, establishing regular check-ins, and being open to feedback while explaining how these interactions help achieve successful project outcomes.

Discuss the various factors influencing your calculations, such as mortality rates, investment returns, policyholder behavior assumptions, and regulatory requirements. Explain how you gather data, validate assumptions, and ensure precision in calculations to maintain compliance and accuracy.

Mention specific resources like professional journals, conferences, or paper publications that keep you informed about the latest trends. Stress the importance of continuous learning and seeking out opportunities to engage with other professionals in the field to share insights and experiences.

Provide a concrete example where you proposed a new approach or idea during a project. Explain the thought process behind your idea, how you presented it to your team, and the positive impact it had on achieving project goals.

Articulate your interest in Global Atlantic by connecting the company's values and culture to your career aspirations. Highlight specific elements of their mission or work culture that resonate with you, such as their commitment to integrity, client relationships, or employee development.