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 a dynamic Senior Actuary to join our team! In this role, you will be responsible for the actuarial modeling of Individual Retirement Guaranteed Protection Solutions (GPS). This is a first line role reporting to the GPS Team Lead. This position is Flexible, working in office and remotely from either our New York City or Charlotte, NC office.
Key Job Responsibilities
- Build new model methodologies/capabilities to evaluate new products & features
- Performing projections, analyze, summarize, and communicate results
- Clearly document all model and assumptions changes and processes
- Provide key metrics (VNB, IRR, ROA, etc.) with regard to proposed product designs through the use of actuarial models
- Collaborating with other IR Squads and Finance/Risk Management teams regarding product development projects and develop experience studies for assumption setting
- Prepare documents for and communicate with Risk Management regarding PAP and RWST assumption setting
- Interaction with corporate actuarial (model development) team for new products or iterations to ensure value metrics are understood and consistent.
- Develop and propose pricing assumptions based on experience, actuarial judgment, and new product design features
- Coordinate with Product Development team on all Individual Retirement pricing projects and participate in designing new products and changes to existing products and features
- Apply/implement new metrics in the managing of the book and be the business advocate in the evaluation of behavior and how it applies to profitability
The base salary range for this position is $135,000-$175,000. 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
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.