AVP/VP, European Deal Execution

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COMPANY OVERVIEW

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

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. 

We use Greenhouse as our scheduling tool and communicate through their systems. At times, your email may block our communications. Please be sure to check your SPAM so that you do not miss critical information about our process, including scheduling. 

The Assistant Vice President/Vice President, Institutional Markets will join Global Atlantic’s Institutional Markets business, based in London. We are a ~20-person principal investing team within Global Atlantic Financial Group, a subsidiary of KKR. We are focused on deploying capital on reinsurance and acquisition opportunities in the Insurance Industry. 

From our founding as the Goldman Sachs Reinsurance Group, we have executed nearly 40 strategic acquisitions and reinsurance transactions, totaling more than $110 billion of assets. 

As an integral member of the Deal Team, you will engage in origination, investment analysis, diligence and execution of reinsurance transactions. An energetic individual with intellectual curiosity, strong work ethic, who takes pride in delivering high quality work product in a fast-paced environment will thrive in this role. 

You will be responsible for:

·         Strategy/Structuring/Solutions:

o    Contribute to the development of GA’s overall strategy in Europe from a quantitative / actuarial / ALM point of view by:

o    Having a deep understanding of Solvency 2 framework and local adaptations / interpretations thereof and interplay between Solvency 2 and local accounting regimes in Germany, Italy, Belgium, France

o    Assisting in developing solutions that achieve desired client outcomes under Solvency 2, whilst being compliant with GA’s risk appetite and ALM approach

§   Funds withheld vs. funds transferred

§   MV vs. BV collateral

§   Hedging / ALM design

§   Local profit sharing

o    Translation of Solvency 2 to Solvency 2 equivalent regime in Bermuda

·         Transaction specific:

o    Provide quantitative/actuarial analysis

o    Identify and present key liability risks and sensitivities (economic, behavioural, mortality etc.)

o    Assist in developing granular understanding of liability design/features

o    Build valuation models / assist with pricing and underwriting transactions

o    Contribute to deal presentations for wider GA discussions

§   To take a deeper look at implications and feasibility of reinsuring German PK business (ALM strategy, collateral, structure etc.)

§   To enhance our ability to perform a more granular analysis of the deal, improving our understanding and key value drivers

§   Analyse the regulatory and accounting implications on this transaction and thereby increase GA’s institutional understanding thereof on a live transaction

Qualifications

• Minimum 5+ years of relevant experience, including life product development, reinsurance, insurance M&A, and valuation/financial reporting.
• Knowledge of Solvency 2 and BMA regulations
• Knowledge of main solutions available for Life and non-Life including sidecar, funded reinsurance, VIF monetization and risk transfers
• Strong quantitative and technical abilities, experience in actuarial modeling
• Solid organizational and time management skills
• Ability to learn quickly and work independently as well as being a team player
• Drive, enthusiasm, creativity and excellent interpersonal skills
• Bachelor’s degree required in Actuarial Science, Mathematics or Finance

Applicants must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United Kingdom.

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 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: Red Hook Conservancy, Girls Who Invest and The Bowery Mission
• Boston: Cradles to Crayons, Project Bread, Let’s Get Ready, Rise Against Hunger, Salvation Army and many other local volunteer organizations in around the Boston area
• Hartford: Habitat for Humanity, Foodshare, Humane Society, Hands on Hartford, Mercy Shelter and Dog Star Rescue
• Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
• Batesville: American Cancer Society Relay for Life, Angels of Giving, Margaret Mary Health Foundation, Ripley County Community Foundation, Safe Passage, Batesville High School Sponsorships, local area youth sports and food pantries, as well as many others
• Des Moines: United Way, Central Iowa Shelter & Services, Junior Achievement of Central Iowa and Make a Wish Foundation
• Berwyn: Food drive and will be planning an event to help a local family over the holidays
• Atlanta: Packaged Good Organization, which helps the most vulnerable community members with providing personalized care packages for people in need including the elderly, our armed forces, the homeless and hospitalized kids
• Bermuda: Sponsor of a weekly feeding program operated by The Hamilton Seventh-Day Adventist Church

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@https://gafg.com.

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

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