Lead Risk Analyst – Actuarial Assumption And Product Governance

Lead Risk Analyst – Actuarial Assumption and Product Governance

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?

Risk Management within Equitable is entering the latter stages of its “Separate, Stabilize, Optimize” evolution post-IPO. The function has largely (a) shifted its orientation from “measurement” to “decision influencing” and (b) established its foundation for post-IPO finance/Risk infrastructure. Equitable employs a “Three Lines of Defense” risk management model that spans all activities of the Company. The Liability Governance team is responsible for 2nd line risk oversight of Actuarial Assumption and Product risks across the enterprise. We aim to partner with first line Business and Actuarial teams to promote sound risk thinking and mitigate product, pricing, and assumption risk throughout the organization.

The Lead Risk Analyst – Actuarial Assumption and Product Governance role offers the opportunity to:

• Gain exposure to Business Line leaders as well as other leaders within Actuarial, Finance, and Enterprise Strategy
• Support the strategic direction of the enterprise through the prudent management of actuarial risk embedded in both our in-force liabilities and new business product development
• Deepen understanding of the relative attractiveness of our products, assumptions, models, and processes across markets

Responsibilities include, but are not limited to:

• Oversight over actuarial experience studies, including both (i) review and challenge of recommendations from the first-line Actuarial function and (ii) meaningful independent studies by Risk Management on most material assumption
• Review of residual Actuarial Assumption risks not captured in our liability assumptions to inform capitalization targets and balance sheet management actions
• Stress testing of Actuarial Assumptions – including mortality, longevity, and policyholder behavior – on both in-force and new products (including those in the development pipeline)
• Risk oversight of the Product Approval Process, including (i) reviewing economics and risk profile – both market and non-market – of products in pipeline; (ii) identifying potential risk mitigation actions and/or product feature changes needed; and (iii) communicating results of Risk review
• Outside-in analyses and benchmarking of the economics and risk profile of Equitable products against those of competitor products to provide insights into market positioning and identify opportunities for product feature enhancements
• Monitoring of underwriting mortality risk metrics, particularly for monitoring risk in accelerated underwriting programs
• Leadership of special projects on product or assumption analysis
• Ad-hoc interaction with Enterprise Strategy team on various strategic initiatives
• Management of 1-2 junior team members

The base salary range for this position is $120,000-$170,000. 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:

• Bachelors Degree
• ASA Designation
• 3+ years of experience in Actuarial or Risk Management at a life insurance company or consulting firm
• Established knowledge with liability modeling and actuarial projection systems (e.g., Excel, VBA)

Preferred Qualifications:

• FSA Designation
• Experience with Variable Annuities, Fixed Annuities and/or Universal Life products
• Experience with Actuarial Assumption review and development or experience studies
• Experience with life insurance and/or annuity product development or pricing
• Experience mentoring junior team members
• Proven accountability, high integrity, diligent and self-starter work ethic, good organizational and interpersonal skills
• Ability to create and give presentations

Skills

Business Acumen: Knowledge of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.

Collaborating: Knowledge of collaborative techniques; ability to work with a variety of individuals and groups in a constructive and collaborative manner.

Data Analysis Tools: Knowledge of key uses and benefits of data analysis tools; ability to utilize data analysis tools to identify factors influencing business performance and to gain greater insight into trends within a business, industry and customer base.

Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.

Process Management: Knowledge of business process improvement tools and techniques; ability to understand, monitor, update, control, or enhance existing business or work processes.

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

Skills

Business Acumen: Knowledge of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.

Collaborating: Knowledge of collaborative techniques; ability to work with a variety of individuals and groups in a constructive and collaborative manner.

Data Analysis Tools: Knowledge of key uses and benefits of data analysis tools; ability to utilize data analysis tools to identify factors influencing business performance and to gain greater insight into trends within a business, industry and customer base.

Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.

Industry Knowledge: Knowledge of the organization's industry group, trends, directions, major issues, regulatory considerations, and trendsetters; ability to apply industry knowledge appropriately to diverse situations.

Process Management: Knowledge of business process improvement tools and techniques; ability to understand, monitor, update, control, or enhance existing business or work processes.

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

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