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2023 Actuarial Institutional Internship

Learn more about Global Atlantic Financial Group
Global Atlantic Financial Group

Global Atlantic Financial Group

2023 Actuarial Institutional Internship

New York, NY
Internship
Paid
  • Responsibilities

    COMPANY OVERVIEW

    Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers asset management and capital markets solutions across multiple strategies.

    Global Atlantic is 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.

    ACTUARIAL MODELING INTERN, INSTITUTIONAL BUSINESS

    The Actuarial Modeling Intern will join Global Atlantic's New York-based Institutional business for an immersive 10-week summer internship experience. We are a 15-person principal investing team within Global Atlantic Financial Group, focused on deploying capital on reinsurance and acquisition opportunities in the US Life and Annuity Industry. To date, the Institutional business has acquired over $75 billion of assets.

    The Intern will work closely with other members of the Institutional business and interface with business leaders and senior management to:

    • Assist and get exposure to liability modeling in R 3 S (formerly known as IBM's Algo Financial Modeler) for reinsurance deal pricing and financial analysis.

    • Contribute to reconciling model output, including single cell analysis

    • Help with identifying risks embedded in different liabilities by stressing insurance / liability assumptions

    • Conduct static and dynamic validations

    • Collaborate both within the Institutional business, as well as with other areas such as Risk, Actuarial, Finance, and Investments

    EXPERIENCE AND QUALIFICATIONS

    • Pursuing a bachelor's degree in a quantitative discipline such as Actuarial Science, Statistics, Mathematics, Computer Science with a graduation date of December 2023 or May 2024

    • Exceptional analytical abilities and the eagerness to learn

    • Inquisitive and intellectually curious

    • Ability to work independently and excel in a dynamic, exciting, and fast-paced environment

    TOTAL REWARDS STATEMENT

    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 you during your internship with a 401k match program with immediate vesting (with the exception of Bermuda), competitive compensation, and a stipend to support your experience.

    Over the 10 weeks you will be immersed in an inclusive environment with opportunities to participate in:

    • Days of Inclusion

    • DE&I Challenge

    • National Intern Day Celebration

    • Weekly Business Overviews and fireside chats with leaders

    • Social events

    • and more!

    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 benefits@gafg.com

  • Industry
    Insurance
  • About Us

    As a leading retirement and life insurance company, Global Atlantic's goal of delivering long-term value for our customers depends on our people.

    We are looking for a diverse team of talented individuals who reinforce our culture and are excited to take a collaborative, creative approach to problem solving and decision making.