Actuarial Development Program - Level I - Equitable
Charlotte, NC
About the Job
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?
Actuarial Development Program
Equitable's Actuarial Development Program (ADP) - Level I focuses on fostering the growth and development of aspiring actuaries. We are committed to expanding the actuarial community by providing new and engaging learning opportunities to a diverse group of actuarial students. The ADP allows study time and other exam support to enable students in passing their actuarial exams. Our 18-month rotation program includes roles such as Model Modernization & Development (Life & Annuity), Reinsurance & M&A, Risk Management, Valuation & Reporting, Growth Solutions/IR/GR/Life Pricing, Model Governance, Internal Audit, and more!
Key Responsibilities may include:
Deeper understanding and focused development /modernization of a variety of actuarial models, engaging in the pricing of new financial products, compiling, reporting and automating actuarial balances, evaluating actuarial risks and hedge strategies, evaluating experience data and recommending assumption updates, explaining the evolution of actuarial balances and how they impact company financial performance, and more. Employees in the ADP will communicate results to managers and others across the organization while they learn top actuarial techniques and practices.
The base salary for this position is $68,000 with an increase for each exam SOA exam passed. 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:
Preferred Qualifications:
Skills
ABOUT EQUITABLE
We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
As an employer, Equitable is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. Equitable has been recognized and certified as a great place to work by the Great Place to Work Institute.
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave Equitable. Almost 40% of our open jobs are filled with current employees.
In addition to competitive compensation and an outstanding benefits package including 401(k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.
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.
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?
Actuarial Development Program
Equitable's Actuarial Development Program (ADP) - Level I focuses on fostering the growth and development of aspiring actuaries. We are committed to expanding the actuarial community by providing new and engaging learning opportunities to a diverse group of actuarial students. The ADP allows study time and other exam support to enable students in passing their actuarial exams. Our 18-month rotation program includes roles such as Model Modernization & Development (Life & Annuity), Reinsurance & M&A, Risk Management, Valuation & Reporting, Growth Solutions/IR/GR/Life Pricing, Model Governance, Internal Audit, and more!
Key Responsibilities may include:
Deeper understanding and focused development /modernization of a variety of actuarial models, engaging in the pricing of new financial products, compiling, reporting and automating actuarial balances, evaluating actuarial risks and hedge strategies, evaluating experience data and recommending assumption updates, explaining the evolution of actuarial balances and how they impact company financial performance, and more. Employees in the ADP will communicate results to managers and others across the organization while they learn top actuarial techniques and practices.
The base salary for this position is $68,000 with an increase for each exam SOA exam passed. 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 in Mathematical, Statistical, Economics and/or Actuarial Sciences
- Minimum of 1 SOA exams passed
Preferred Qualifications:
- 1 years of actuarial experience
- Demonstrated verbal and written communication skills
Skills
- Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
- Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
- Statistics and Actuarial Modeling: Knowledge of statistical and actuarial modeling tools and techniques; ability to apply modeling processes and techniques to facilitate risk management decisions.
- 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
We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
As an employer, Equitable is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. Equitable has been recognized and certified as a great place to work by the Great Place to Work Institute.
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave Equitable. Almost 40% of our open jobs are filled with current employees.
In addition to competitive compensation and an outstanding benefits package including 401(k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.
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.
Source : Equitable