Job Information
Equitable Head of Capital Management in New York, New York
Head of Capital Management ( 240000F3 )
Primary Location : UNITED STATES-NY-New York
Other Locations : UNITED STATES-NC-Charlotte
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?
Job Summary
Reporting to the Treasurer, the Head of Capital Management will be responsible for managing the insurance balance sheets of EQH. Specifically, the individual will oversee capital and free cash flow projection, analysis, and attribution, develop and drive strategic initiatives to optimize the Company’s balance sheet, and maximize the efficiency of the Company’s capital usage across various legal entities, products, and other deployment opportunities. The individual will also oversee reinsurance strategy and the liability side of the variable annuity hedge program, as well as select regulatory advocacy efforts related to solvency standards and accounting rules.
Core Responsibilities
Lead capital target setting, capital projection, and actual-to-expected attribution of statutory balance sheet movements
Lead pro forma balance sheet assessment for proposed initiatives and transactions – e.g., M&A, reinsurance, structured assets
Lead statutory hedge strategy for the company, taking into account the economic risk profile but subject to accounting constraints
Provide thought leadership on the future state of the industry and potential impact to Equitable's overall balance sheet and capital
Counsel to senior executives on critical capital and finance matters (including capital-related regulatory changes and overall life industry landscape shift)
Initiate and manage capital-related projects to ensure strong and efficient balance sheet. Projects may include but are not limited to cash flow securitization, contingent capital solutions, reserve financing, structured solutions, reinsurance transactions, legal entity structure optimization, hedge strategy re-design and hedging instruments selection
Manage the capital budgeting and allocation process to support and optimize new business issuance by commercial business lines
Partner with Finance leadership on enterprise-wide projects for senior management – e.g., corporate strategy, transformational M&A
Build consensus and effectively influence mid-level and senior-level stakeholders
Work closely with banking partners, consultants, and other external stakeholders to source expertise and ideas
The base pay range for this position is $162,000 - $248,000. Total compensation varies based on skills, experience, geographical location and other factors. Compensation for this role will also include an annual bonus and deferred compensation.
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
Undergraduate degree; FSA and CFA preferred
Extensive knowledge of US statutory accounting, reserving, and RBC rules, particularly for variable annuities; knowledge of solvency regimes in other jurisdictions preferred but not required
Familiar with peer practice and industry landscape for balance sheet management and optimization
Experience and excellence in:
o Identifying key strategic issues and projects to enhance capital strength and efficiency
o Developing internal metrics to measure balance sheet strength over time and through-the-cycle
o Drafting presentations to senior management and various committees (e.g., ALCOs)
o Providing market and competitive intelligence
o Providing insights on capital and balance sheet impact for strategic actions including M&A or divestments
o Challenging business leaders and teams to drive shareholder value
Excellent critical thinking, sound judgment, complex problem-solving and execution skills
Ability to develop cross-functional relationships to build cohesive and collaborative teams, acting as strategic driver and manager of key strategic initiatives
Adept at persuasive communications, supported by insightful, fact-based analyses and industry expertise
Project management experience with the ability to demonstrate leadership in the sponsorship and execution of multiple, concurrent and complex business initiatives
Executive presence required to present to senior management and various committee form
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: 240000F3