Life Assumptions Lead
Location: New York, New York US
Job Number: 8961
Job Number: 24000017
External Description:
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 Life Assumptions Lead is responsible for conducting Life 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. In addition to managing experience analysis and our annual assumption setting process, the team will assist in the development of assumptions for various inforce initiatives and ad hoc projects. The Life Assumptions Lead will work very closely with the Model Development team, Actuarial Valuation, IT/Data Analytics Office, Risk Management, Product Development teams, and external auditors in executing the team's objectives.
Duties Include, but are not limited to:
- Responsible for the development and proposal of Life 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 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.
The total targeted compensation range for this position is $169,000 - $246,000 . 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:
- Bachelors Degree
- FSA Designation or near FSA
- 7 years of actuarial experience
- Understanding of life insurance products, policyholder behavior, assumption development and modeling and accounting of such products
Preferred Qualifications:
- Prior experience with Python, SQL, and Data Visualization tools (such as Tableau, Looker, etc.)
- Established technical skills with a heightened attention to detail
- Best in class communication skills - both oral and written
- Demonstrated leadership skills and a track record of challenging the status quo
- Self-starter with an established sense of ownership and commitment to achieving objectives in a timely manner
- Exposure to GGY AXIS actuarial projection system
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.
Programming: Knowledge of relevant programming languages and tools; ability to test, write, design, debug, troubleshoot and maintain source codes and computer programs.
Staff and Career Development: Knowledge of available internal and external learning resources and ability to address learning, training, and career development needs of individuals, teams or organization. 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.
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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 .
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Community / Marketing Title: Life Assumptions Lead
Location_formattedLocationLong: New York, New York US