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Equitable

Equitable

Chief Actuary, Group Retirement

Chief Actuary, Group Retirement

Job Details
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Uploaded On
July 26, 2024
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Location
UNITED STATES-NY-New York
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Remote?
No
Company Overview
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Headquarters
New York, NY
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Number of Employees
8200
Estimated Number of Actuaries
111
Salary
$
321
k-$
434
k
Glassdoor Ratings
""
Recommend to a Friend
59%
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Overall Score
3.6 / 5

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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 dynamic and success oriented Chief Actuary to join our Group Retirement team!  The Head of Pricing serves as the Chief Actuary for the Group Retirement business, reporting to the Head of Group Retirement, responsible for the product pricing and in-force management.

 

This role will proactively contribute to the growth of the Group Retirement business by developing innovative strategies to optimize client outcomes and enhance profitability of the business.    

Key Job Responsibilities 

  • Collaborate with product development and other stakeholders to drive innovation and implementation of new products/features, including institutional lifetime income solutions
  • Provide actuarial analytics of the in-force assets under management in the Group Retirement markets: 403b (education), 457 (government) and 401k (small  business)
  • Provide actuarial analysis and pricing for Institutional Lifetime Income markets
  • Develop and set credit rates and guidelines for each market segment
  • Support development of new products and features in accordance with Equitable’s economic framework
  • Optimize business profitability through proactive review of financial and behavioral risk exposures and evaluation of in-force experience and providing recommendations
  • Create resilient operational processes for our in-force business and completing special projects
  • Lead experience studies and assumption setting for Group Retirement business
  • Assist in all new business projects, including development of exploratory pricing models
  • Collaborate with business partners in Product, Finance, and Distribution to drive business strategy
  • Maintain  strong relationships with key business partners throughout the organization and leverage those relationships to stay on top of emerging internal and external trends
  • Provide Pricing subject matter expertise to team members and internal/external stakeholders on complex assignments/projects and cross-functional initiatives
  • Provide training and development opportunities, including stretch assignments, for team members and give honest and open feedback to aid in the development of talent
  • Direct and evaluate individual/team performance and take appropriate action to meet and/or exceed performance standards for the Pricing Strategy team
  • Establish and implement priorities, performance goals and objectives to ensure results

 

The total targeted compensation range for this position is $321,000 - $434,000. 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

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Working at 

Equitable

Offers a range of financial services, including life insurance, annuities, and investment products, designed to help clients secure their financial well-being and retirement security.

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