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Full-Time

VP – Bermuda Risk

Posted on 6/28/2024

Global Atlantic

Global Atlantic

1,001-5,000 employees

Provides capital and risk management solutions

Fintech
Financial Services

Expert

New York, NY, USA

Requires onsite presence in Hudson Yards, NY 4-5 days a week and Bermuda office 3 days a week.

Category
Insurance
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Bachelor's Degree in a quantitative discipline
  • 10+ years in a diversified life and annuity/financial or actuarial consulting firm
  • Actuarial Qualification preferred
  • Professional designation in financial risk management, such as FSA or CFA preferred
  • Deep understanding of risk management principles, processes, and practices
  • Strong verbal and written communication skills
  • Ability to independently lead workstreams from concept to implementation
  • Demonstrated experience in quantifying and managing the risk embedded in annuity products
  • Able to quickly build and maintain effective relationships with stakeholders across business functions and teams
Responsibilities
  • Oversight of insurance, ALM, investment and operational risks for the Bermuda business
  • Performs validations and control reviews of actuarial/financial models
  • Provides effective review, challenge, and recommendations for enhancement of the Risk Appetite and Limits structure
  • Develops and maintains effective relationships with other functions
  • Present the quarterly risk results to the Board and / or Board Committees
  • Capital analysis of strategic Bermuda initiatives or major business decisions
  • Capital and solvency projection under a range of scenarios
  • Quarterly and annual filings to the BMA
  • Leads people effectively by fostering a positive working relationship

Global Atlantic Financial Group specializes in providing capital and risk management solutions for retirement and life insurance companies. They offer products like annuities, which provide a steady income stream for retirees, and focus on building long-term partnerships with clients to understand their unique financial goals. Unlike many competitors, Global Atlantic emphasizes a client-centric approach, tailoring solutions to meet specific needs. Their goal is to foster a purpose-driven culture that prioritizes integrity and community commitment.

Company Stage

Private

Total Funding

$1B

Headquarters

New York City, New York

Founded

2004

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • The 10-year partnership with Service Corporation International positions Global Atlantic as a leader in the preneed insurance market.
  • Expansion plans across multiple offices indicate robust business growth and job creation opportunities.
  • Sponsorship of initiatives like Fintech Sandbox showcases Global Atlantic's commitment to innovation and support for fintech startups.

What critics are saying

  • The financial services sector is highly competitive, requiring continuous innovation to maintain market position.
  • Dependence on partnerships, such as with Service Corporation International, could pose risks if these relationships falter.

What makes Global Atlantic unique

  • Global Atlantic's focus on both in-force and new business needs sets it apart from competitors who may only specialize in one area.
  • Their client-centric approach ensures tailored solutions, which is a significant advantage in the highly personalized financial services sector.
  • The company's strong emphasis on integrity and community investment enhances its reputation and client trust, distinguishing it from less community-focused competitors.

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