Actuarial Methodology Lead - Equitable
New York, NY
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?
Equitable completed a comprehensive agile transformation across the organization referred to as New Ways of Working. Members of the actuarial team were part of the first wave of this change with the standing up of our Finance Modernization initiative. The rest of the teams have now joined them in New Ways of Working through the creation of the Actuarial Center of Excellence. Led by our Chief Actuary, the Center of Excellence encompasses corporate actuaries working on valuation, model development, assumption setting, regulatory monitoring and advocacy, governance, and financial reporting.
This role will be a key member of the Regulatory and Actuarial Methodology team within the Actuarial CoE, reporting to the Head of Regulatory and Actuarial Methodology. This person will help (1) determine actuarial methodologies for new products & reinsurance transactions, (2) monitor and shape regulatory developments regarding US GAAP, Statutory, Tax, and RBC requirements as well as (3) documenting and communicating these requirements to key internal stakeholders. The individual will have opportunities to participate in company-wide key initiatives and make significant impacts for the company and the industry.
A successful candidate must be skilled at working in a matrixed organization and have a strong track record for building alignment and executing the work across multiple teams.
Key Responsibilities include, but are not limited to:
The total targeted compensation range for this position is $134,000 - $195,000. Total compensation varies based on skills, experience, geographical location and other factors.
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
Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Business Math: Knowledge of mathematical concepts; ability to apply mathematics appropriately to business transactions.
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.
Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
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
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.
**********
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 .
#LI-Hybrid
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 completed a comprehensive agile transformation across the organization referred to as New Ways of Working. Members of the actuarial team were part of the first wave of this change with the standing up of our Finance Modernization initiative. The rest of the teams have now joined them in New Ways of Working through the creation of the Actuarial Center of Excellence. Led by our Chief Actuary, the Center of Excellence encompasses corporate actuaries working on valuation, model development, assumption setting, regulatory monitoring and advocacy, governance, and financial reporting.
This role will be a key member of the Regulatory and Actuarial Methodology team within the Actuarial CoE, reporting to the Head of Regulatory and Actuarial Methodology. This person will help (1) determine actuarial methodologies for new products & reinsurance transactions, (2) monitor and shape regulatory developments regarding US GAAP, Statutory, Tax, and RBC requirements as well as (3) documenting and communicating these requirements to key internal stakeholders. The individual will have opportunities to participate in company-wide key initiatives and make significant impacts for the company and the industry.
A successful candidate must be skilled at working in a matrixed organization and have a strong track record for building alignment and executing the work across multiple teams.
Key Responsibilities include, but are not limited to:
- Monitoring and interpreting key regulatory developments across the life industry regarding GAAP, Statutory, Tax and RBC valuation frameworks.
- Defining company methodology and practices around key pieces of new regulatory requirements for new/existing products and transactions, including VM-20, VM-21, VM-22, AAT, Bermuda and US GAAP.
- Representing the Company in various industry venues (ACLI subcommittees etc.).
- Leading and contributing to the development of strong actuarial documentation regarding GAAP, Statutory, Tax and RBC methodologies for both emerging and existing requirements.
- Collaborating with various internal stakeholders to ensure methodology is appropriately reflected across the Company.
- Supporting training of the Company's actuaries on regulatory updates and how they will affect the Company.
- Leading discussion with external auditors to agree upon determined actuarial methodologies.
- Supporting senior management and board of director communications on regulatory updates.
The total targeted compensation range for this position is $134,000 - $195,000. Total compensation varies based on skills, experience, geographical location and other factors.
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 in Mathematics or related discipline
- FSA Designation
- 3 years of actuarial experience
Preferred Qualifications:
- Demonstrated understanding of the industry and key products, such as VA, RILA, UL and traditional life products
- Results-oriented and motivated to take ownership of projects
- Capacity and eagerness to challenge and influence in a highly collaborative way
- Established understanding of actuarial reserving frameworks, including US GAAP and STAT
- Proven analytical skills and technical expertise
Skills
Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Business Math: Knowledge of mathematical concepts; ability to apply mathematics appropriately to business transactions.
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.
Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
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
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.
**********
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 .
#LI-Hybrid
Source : Equitable