Actuarial Assumptions Lead

4 days ago

New York, New York, United States Equitable Services Full time
Actuarial Assumptions Lead - Individual Retirement

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.

Job Summary

The Actuarial Assumptions Lead - Individual Retirement is responsible for conducting assumption experience studies and making actuarial assumption recommendations to senior management. This role is part of the Actuarial Assumptions team, which is responsible for the development, maintenance, and distribution of all Actuarial Assumptions used in Equitable's internal and external financial reporting.

Key Responsibilities
  • Responsible for the development and proposal of Individual Retirement inforce actuarial assumptions across GAAP, Statutory, and Economic reporting frameworks.
  • Lead a small team, coordinating tasks efficiently among the team members, and developing their skill sets.
  • Perform experience study analysis and development of assumption proposals.
  • Propose enhancements to experience studies and/or the assumption structure to increase accuracy or reduce complexity.
  • Coordinate with key stakeholders, ensuring assumption proposals align with risk principles and IT/modeling parameters.
  • Collaborate with Model Development and Actuarial Valuation teams to quantify assumption proposals.
  • Present assumption proposals to senior management for approval.
  • Ensure that the reviewed assumptions are SOX compliant with the appropriate documentation and validation; support annual audit walkthroughs and provide timely responses to internal and external auditors.
  • Partner with teams across the Company to execute inforce and balance sheet optimization initiatives and fulfill statutory experience reporting requirements as well as ad hoc experience data requests.
Requirements
  • Bachelor's Degree.
  • ASA Designation.
  • 7+ years of actuarial experience.
  • Understanding of life insurance products, policyholder behavior, assumption development, and modeling, and accounting of such products.
  • Established technical skills with a heightened attention to detail.
  • Demonstrated leadership skills and a track record of challenging the status quo.
Preferred Qualifications
  • FSA Designation or near FSA Designation.
  • Self-starter with an established sense of ownership and commitment to achieving objectives in a timely manner.
  • Prior experience with Python, SQL, and Data Visualization tools (such as Tableau, Looker, etc.).
  • Exposure to GGY AXIS actuarial projection.
Skills
  • 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.
  • 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.

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.

Equitable participates in the E-Verify program.

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