Bioma is hiring a
Associate, Actuarial Modeling, United States

Summary

The job description is for an Actuarial Modeling position at Global Atlantic's Boston office with potential consideration for Hartford CT or Des Moines IA offices. The role involves building actuarial models for retail annuity products and institutional blocks using the Milliman Integrate Actuarial platform.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or other related fields
• FSA or established ASA with 4+ years of experience in the life and annuity insurance industry
• Solid experience with MG ALFA or other Actuarial Projection Software required
• Strong communication, technical and analytical skills
• US GAAP valuation experience preferred
• Programming language such as Python or SQL a plus
• Ability to excel in a dynamic and fast-paced environment

Responsibilities

• Build actuarial models for retail annuity products and newly acquired institutional blocks, on our new state-of-the-art Milliman Integrate Actuarial platform
• Models will be used to support GAAP, US and Bermuda Statutory reporting, cash-flow testing, and other analysis
• Develop and maintain testing tools for new models
• Support assumption updates and impact quantification
• Support model production team in producing quarterly/monthly valuation results
• Follow and employ model development best practices, including: Model design, Change management testing and governance, Documentation, Model validation, Adherence to SOX and Risk Management policies
• Support internal and external auditing activities as well as regulatory exams and inquiries, as needed

Benefits

• Health insurance
• Retirement benefits
• Paid time off
• Remote work, flexible hours
• Life and disability insurance
• Bonuses and incentives
• Professional development opportunities
• Wellness programs
• Family and parental leave
• Educational assistance
• Virtual physical therapy
• Remote/onsite fitness reimbursement
• A medical second opinion program
• Pet insurance
• Military leave
• Adoption assistance
• Fertility and family planning coverage