Job Information
Equitable Chief Actuary, Group Retirement in New York, New York
Chief Actuary, Group Retirement ( 240000FN )
Primary Location : UNITED STATES-NY-New York
Other Locations : UNITED STATES-Remote
Organization : Equitable
Schedule : Full-time
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?
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 (https://portal.equitable.com/appentry/EDoxRedirect?node_id=A2023013000001)
Qualifications
Required Qualifications
Bachelor’s degree
10 years of relevant working experience in the financial/insurance industry
FSA designation
Deep understanding of actuarial principles, profitability drivers, key financial metrics and suite of retirement products
Deep understanding of Group Retirement business Extensive knowledge of regulatory requirements and frameworks
Preferred Qualifications
Proven interpersonal/relationship management skills and ability to collaborate with cross-functional teams and key stakeholders, including finance, risk, product, distribution, legal and compliance
Strong executive communication skills and presence with ability to extract key insights and articulate findings and recommendations to executive management
Critical problem solver with ability to gather, analyze and synthesize a significant amount of information, and turn it into a compelling vision
Ability to effectively lead and direct team to conduct robust analysis and provide data-driven recommendations
Demonstrated leadership acumen and ability to effectively develop team and deliver on business outcomes
Skills
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.
Financial Risk Management: Knowledge of tools, techniques, and strategies applied in financial risk management; ability to quantify, qualify, and manage financial risk.
Insurance Products: Knowledge of insurance products, product groups and services; ability to apply the knowledge of products and services appropriately to diverse situations, including but not limited to marketing development and product consulting.
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.
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) 314-2211 or email us at TalentAcquisition@equitable.com .
Req ID: 240000FN