Lead Actuary, Individual Retirement

Lead Actuary, Individual Retirement

At Equitable, our power is in our people.
We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?

Equitable is looking for a dynamic Lead Actuary to join our team! In this role, you will be responsible for the actuarial modeling of Individual Retirement Guaranteed Protection Solutions (GPS). This is a first line role reporting to the GPS Team Lead. This position is Flexible, working in office and remotely from either our New York City or Charlotte, NC office.

Key Job Responsibilities

• Build new model methodologies/capabilities to evaluate new products & features
• Performing projections, analyze, summarize, and communicate results
• Clearly document all model and assumptions changes and processes
• Provide key metrics (VNB, IRR, ROA, etc.) with regard to proposed product designs through the use of actuarial models
• Collaborating with other IR Squads and Finance/Risk Management teams regarding product development projects and develop experience studies for assumption setting
• Prepare documents for and communicate with Risk Management regarding PAP and RWST assumption setting
• Interaction with corporate actuarial (model development) team for new products or iterations to ensure value metrics are understood and consistent.
• Develop and propose pricing assumptions based on experience, actuarial judgment, and new product design features
• Coordinate with Product Development team on all IR pricing projects and participate in designing new products and changes to existing products and features
• Apply/implement new metrics in the managing of the book and be the business advocate in the evaluation of behavior and how it applies to profitability

The base salary range for this position is $135,000-$196,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.

For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.

Equitable Pay and Benefits: Equitable Total Rewards Program

Required Qualifications

• Bachelor's degree
• FSA (or near FSA) designation
• 4+ years of professional actuarial work experience
• Working knowledge of: dynamic hedge program & strategy including derivative pricing, General Account investment implications (bond pricing, cost of capital, ALM)
• Demonstrated understanding of financial reporting, key metrics (US GAAP and/or Stat/EEM)

Preferred Qualifications

• Exposure to leading actuarial projection systems, in particular GGY AXIS and MG-Hedge.
• Successful interpersonal/relationship management skills with both actuarial and business personnel.
• Excellent analytical skills with the ability to research complex accounting issues independently and provide recommendations.
• Self-starting with strong organization skills and the ability to manage either a process or a team and handle multiple competing priorities in a demanding environment. Ability to prioritize and direct the activities of others as needed.
• Ability to review work of peer squad members and junior actuarial staff and provide clear feedback including ability to facilitate learning and development through individual and team coaching
• Strong verbal, written communication and presentation skills to all levels of the organization including both actuarial/financial and business personnel
• Strong understanding of actuarial principles and analysis.
• Liability expertise and/or asset-liability modeling experience, especially regarding Annuity products
• Creativity and ability to think outside the box

Skills

Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.

Coaching Others: Knowledge of coaching and mentoring concepts and methods; ability to encourage, motivate, and guide individuals in learning and improving effectiveness.

Communicating Complex Concepts: Knowledge of effective presentation tools and techniques to ensure clear understanding; ability to use summarization and simplification techniques to explain complex technical concepts in simple, clear language appropriate to the audience.

Financial Risk Management: Knowledge of tools, techniques, and strategies applied in financial risk management; ability to quantify, qualify, and manage financial risk.

Insurance Products: Knowledge of insurance products, product groups and services; ability to apply the knowledge of products and services appropriately to diverse situations, including but not limited to marketing development and product consulting.

Programming: Knowledge of relevant programming languages and tools; ability to test, write, design, debug, troubleshoot and maintain source codes and computer programs.

Results Orientation: Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.

Staff and Career Development: Knowledge of available internal and external learning resources and ability to address learning, training, and career development needs of individuals, teams or organization.

Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.

ABOUT EQUITABLE
At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.
We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.
We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
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Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
NOTE: Equitable participates in the E-Verify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.