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?

Background: Equitable is currently executing an actuarial model modernization program. Model Risk Management recently established a Strategic Model Development team to (1) oversee and accelerate progress in model modernization initiatives and (2) define additional changes to support end-state model visions that further improve the usability and robustness of core models. The Strategic Model Development Risk Actuary has a unique opportunity to support a new team in Model Risk Management and apply/grow analytic skills for important actuarial topics.

Opportunities include:

• Help establish a new team
• Enhance modeling and risk management skills
• Deepen understanding of the company’s core models, products, assumptions, and processes; including Accumulator / Retirement Cornerstone, Structured Capital Strategies, and Variable & Interest Sensitive Life models
• Exposure to Chief Risk Officer (CRO) and other leaders within Risk Management, Actuarial, and Finance
• Positively impact decision making by improving the models used for financial reporting, risk measurement, and business decisions
• Work closely together and collaborate with the Actuarial team and other departments within Risk, while being part of the Model Risk Management team (a growing industry-wide risk practice area)

Responsibilities include, but are not limited to:

• Support progress of complete end-state model visions for core models and help drive them to completion
• Support review of model development plans and roadmaps to ensure they reflect optimal approaches
• Research, development, and propose improvements for models and related processes
• Provide vision implementation support as needed, by augmenting Actuarial model development team resources
• Explore modeling best practices to ensure models are fully fit for purpose
• Share best practices across core models
• Coordinate with Actuarial model development teams, valuation teams, and other stakeholders as needed
• Support the Model Validation and Model Risk Governance teams within Model Risk Management as needed

The base salary range for this position is $94,000-$137,000. 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

Minimum Qualifications:

• Bachelors degree in Mathematics, Actuarial Science, Risk Management, Statistics and/or Economics
• ASA Designation with 3+ years of actuarial experience to include modeling, valuations, pricing and/or risk management OR 4+ SOA Exams with 5+ years of actuarial experience to include modeling, valuations, pricing and/or risk management
• Must possess accountability, high quality of work ethic, established organizational skills and be a good self-starter
• Experience with liability/asset modeling and actuarial projection systems, Moody’s Analytics AXIS
• Software skills including MS Office

Preferred Qualifications:

• FSA Designation
• Experience with Variable Annuities with enhanced Guarantees (GMxB’s), RILA, and/or Universal/Variable/Indexed Life Insurance

Skills

Business Acumen: Knowledge of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.

Collaborating: Knowledge of collaborative techniques; ability to work with a variety of individuals and groups in a constructive and collaborative manner.

Data Analysis Tools: Knowledge of key uses and benefits of data analysis tools; ability to utilize data analysis tools to identify factors influencing business performance and to gain greater insight into trends within a business, industry and customer base.

Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.

Quantitative Techniques: Knowledge of quantitative techniques; ability to use quantitative tools and techniques to measure and analyze risks.

Results Orientation: Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.

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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