Actuarial Modeling Intern - Remote

Overview

Global Atlantic’s Actuarial Model Production Team is seeking a student to join the Modeling team in Des Moines or via a remote location.

In Short

• Analyze SOP 03-1, GAAP Intangibles and Fair Value of Liability (FVL) balances for quarterly GAAP financial reporting.
• Explain changes to quarterly economic reserves used in reporting for the company’s captives.
• Interpret quarterly GAAP, Statutory, and Financial Planning model runs.
• Assist with Cash Flow Testing, including interpretation of model results and documentation.
• Partner with Model Development to test and quantify the impact of assumption and model changes.
• Perform model updates/development to support the Institutional Life modeling team.
• Develop, update, and maintain financial reporting controls to adhere to requirements of section 404 of the Sarbanes Oxley act.
• Support internal and external audit functions.

Requirements

• Education equivalent to a four-year college degree in actuarial science, mathematics, statistics, finance, or related field.
• Two or more years of experience in the life/annuity insurance industry preferred.
• Direct experience with MG ALFA or other actuarial valuation/projection software required.
• Understanding of US GAAP and Statutory valuation frameworks required.
• Experience with SAS or other programming is a plus.
• Knowledge of individual life and indexed products preferred.
• Demonstrated high competency to solve complex calculations and understand technical written material.
• Strong communication, technical, and analytical skills.
• Ownership - Takes personal accountability for the execution of goals and objectives.
• Innovative - Able to participate in the generation of new and unique ideas.
• Teamwork - Positive attitude necessary to be part of a strong performing team.

Benefits

• Competitive health, retirement, life, and disability plans.
• Customizable and comprehensive benefits package.
• Strong benefit options and wellbeing resources.
• Culture of total well-being through community outreach and charitable giving programs.