Bioma is hiring a
Associate, Insurance Risk Modeling, United States

Summary

The job is for an Associate, Insurance Risk Modelling position at Global Atlantic Financial Group. The role involves developing insurance liability models and assisting in the development of quantitative models. The ideal candidate should have a Bachelor's Degree in a quantitative discipline, 5+ years in a diversified life and annuity/financial or actuarial consulting firm, and strong communication skills.

Requirements

• Bachelor's Degree in a quantitative discipline required
• Master's Degree in a related field preferred
• 5+ years in a diversified life and annuity/financial or actuarial consulting firm
• Professional designation in financial risk management, such as FSA/ASA or CFA preferred
• 5+ years of experience in insurance models with proven track records of modelling complicated insurance products
• Knowledge of insurance products (both life and annuities) preferred
• Previous experience in hedging or ALM preferred
• Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences

Responsibilities

• Develop insurance liability models in GA Risk’s liability modelling platform
• Communicate findings and implications to Risk’s management team and other stakeholders
• Help onboard various Institutional transactions into our Risk platform
• Perform liability stresses under different lenses (GAAP/Stat/Econ/Bermuda) and understand both actuarial and market risks
• Support new product launches and ensure the risk models are up to date with regular rate changes, new product features
• Perform validation and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models
• Assist in the development and use of quantitative models and analytical tools that enable the Risk function to provide constructive challenge to the current risk management, modeling, and pricing practices

Benefits

• Base salary range: $103,500 — $197,500 USD
• 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)
• Sales incentives
• 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
• Community outreach and charitable giving programs
• Highly competitive health, retirement, life and disability plans