AVP - Actuarial Product Pricing

Indianapolis, IN, United States

Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

We are looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us.

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POSITION OVERVIEW

This position is a key member of the Individual Markets Product Pricing team, responsible for the pricing of industry-leading product portfolio. This position can work out of our Indianapolis, Des Moines, or Hartford offices . This individual will engage with key internal and external stakeholders across multiple functions to maintain both profitability and competitive products and to find creative solutions to the opportunities and challenges faced in today’s retirement and life market across multiple distribution channels. This position requires interaction with all areas of the company, including risk, product implementation, product development, inforce pricing, legal, valuation, investment, operations, sales, marketing, accounting, as well as senior management.

Perform timely and robust product pricing of our existing products.

Use MG-ALFA actuarial projection and other modelling software to perform analysis of current products.

Effectively balance competitive and pricing objectives to achieve overall company objectives.

Implement best practices in pricing methods, automation, organization, and documentation to improve overall efficiency and quality of pricing efforts.

Collaborate with the Product Implementation team and Product Development team during the development of new products. Implement new products into existing processes and procedures.

Collaborate with the Inforce Management team to provide accurate and detailed information needed to manage policies post-issuance.

Support pricing needs related to maintenance of new business credited rates, pricing models, profitability and sales metrics, and marketing and sales illustration tools.

Communication with peers in product, risk management, investments, marketing, legal & operations.

Maintain industry knowledge including economic, regulatory, and competitive environments to support maintenance of current products.

QUALIFICATIONS

Bachelor’s Degree in Actuarial Science, Math, Statistics, Computer Science, Physics or Engineering required

FSA required

8+ years of experience in the annuity/life insurance industry is preferred, annuity product experience a plus

8+ years’ experience in programming financial models in any actuarial modelling software (R3S, Prophet, Axis or MG Alfa), or other programming language such as Python, C/C++ or Java

Ownership - Takes personal accountability for the execution of their goals and objectives. Strong organization and timely delivery of results.

Strategic – Possesses business acumen and focuses externally and internally on trends impacting the business. Understands the big picture, plans ahead and puts thoughts into actions.

Analytical Skills - Possess strong analytical skills necessary to price products. Ability to trouble-shoot and work to find solutions independently.

Communication - Able to communicate effectively – verbal, written and listening.

Teamwork - Has positive attitude necessary to be part of a strong performing, fast-paced team. Strong interpersonal skills for relationship building and engagement.

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Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City.  The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.

Global Atlantic’s  base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives.

The base salary range for this role is

$104,500 — $199,000 USD

Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes. Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.

Global Atlantic’s total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We are proud to support your personal and professional growth and well-being through programs such as educational assistance, virtual physical therapy, remote/onsite fitness reimbursement, a medical second opinion program, pet insurance, military leave, parental leave, adoption assistance, fertility and family planning coverage. We strive to foster a culture of total well-being through community outreach and charitable giving programs.

We are active in our communities-

New York:  StreetWise Partners, Covenant House, Partnership for New York City, City Meals on Wheels, Habitat for Humanity, Billion Oyster Project

Boston : Cradles to Crayons, Boston’s Healthcare for the Homeless, Thompson Island Outward Bound, Rosie’s Place, Catie’s Closet, Project Bread, Rise Against Hunger, Space to Thrive

Hartford : Junior Achievement, Habitat for Humanity, Oliver’s Pajama, United Way

Indianapolis : Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation

Batesville : So Loved Ripley County Foster Closet, Safe Passage Family Shelter, YES Home Juvenile Rehabilitation, Ripley County Community Foundation

Des Moines : United Way of Central Iowa, Meals from the Heartland, Junior Achievement, Math Motivators, Bidwell Riverside, Orchard Place, Knock and Drop

Berwyn/Wayne : Habitat for Humanity, Chester County Food Bank, Surrey Services, For Pete’s Sake Respite

Bermuda : Keep Bermuda Beautiful, Center Against Abuse, Truck Island Nature Reserve, Bermuda Economic Development Corporation

Social platforms provide an environment to collaborate with others and participate in friendly competitions towards achieving physical, emotional and financial well-being. Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family.

Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws. More than that, we strive to be inclusive of all backgrounds and experiences, which we feel gives us a competitive advantage in the market and within our firm. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status.

Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you are hired and require an accommodation for any protected status, please email [email protected] .

Please click on the links below to learn more about Global Atlantic.

Our employees are in the office 4 or 5 days a week in Hudson Yards, NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact [email protected] .

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We encourage qualified applicants from all backgrounds to apply. As such, we are committed to achieving a diverse candidate pool for open positions and that our interview teams are made up of employees from different backgrounds. Sharing your background with us will help us with that focus, although recruiters and hiring managers will not have the ability to see individual responses (only aggregate information).

This information is not used to determine who is selected for interviews or will be hired, but is helpful in identifying resources, sites and groups which add value in increasing our applicant pool and ensures that we attract the best and most diverse workforce. This is purely voluntary but will help our mission to be inclusive.

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