Location: New York,NY, USA
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?
The Equitable Economic Model (EEM) Valuation Lead role is responsible for managing the life and annuity valuation functions within the Equitable Economic Model (EEM) Reporting team. This role will coordinate with the consolidation and scenario generation functions to ensure valuation results are accurately reflected in the reported results. The EEM Reporting team calculates economic value, capital and a coverage ratio so management can understand the economics of business when making strategic decisions.
Duties Include, but are not limited to:
* Oversee life and annuity EEM projections and testing function
* Coordinate with consolidation and scenario generation functions to ensure valuation results are accurately reflected in the reported results
* Manage a team of valuation modelers and other functions as needed
* Ensure proper controls are in place and effectively executed
* Provide clear and concise explanations to the evolution of results and questions that arise
* Prepare presentation materials for key stakeholders
* Identify future enhancements to processes and methodology
* Maintain active communication with other Actuarial and Risk Management teams to stay abreast on upcoming model and assumption changes
The base salary range for this position is $135,000-$196,000 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
Required Qualifications:
Bachelors Degree
* ASA Designation
* 7 years of actuarial experience
* Demonstrated leadership skills and a track record of challenging the status quo
* Experience with economic model and its methodology
Preferred Qualifications:
* FSA Designation or near FSA
* Understanding of life insurance and annuity products, policyholder behavior and modeling of such products
* Established technical skills with a heightened attention to detail
* Best in class communication skills - both oral and written
* Self-starter with an established sense of ownership and commitment to achieving objectives in a timely manner
* Exposure to leading actuarial projection systems: MG-Hedge, and GGY AXIS
Skills
Coaching Others: Knowledge of coaching and mentoring concepts and methods; ability to encourage, motivate, and guide individuals in learning and improving effectiveness.
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.
Results Orientation: Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.
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) ###-#### or email us at ...@equitable.com.