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Equitable

Equitable

Methodology Actuarial Director

Methodology Actuarial Director

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Job Details
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Uploaded On
February 26, 2024
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Location
UNITED STATES-NY-New York
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Remote?
No
Salary
$
135
k-$
196
k
Glassdoor Ratings
""
Recommend to a Friend
59%
""
Overall Score
3.6 / 5

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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 completed a comprehensive agile transformation across the organization referred to as New Ways of Working. Members of the actuarial team were part of the first wave of this change with the standing up of our Finance Modernization initiative. The rest of the teams have now joined them in New Ways of Working through the creation of the Actuarial Center of Excellence. Led by our Chief Actuary, the Center of Excellence encompasses corporate actuaries working on valuation, model development, assumption setting, regulatory monitoring and advocacy, governance, and financial reporting.

This role will be a key member of the Regulatory and Actuarial Methodology team within the Actuarial CoE, reporting to the Head of Regulatory and Actuarial Methodology. This person will help (1) determine actuarial methodologies for new products & reinsurance transactions, (2) monitor and shape regulatory developments regarding US GAAP, Statutory, Tax, and RBC requirements as well as (3) documenting and communicating these requirements to key internal stakeholders. The individual will have opportunities to participate in company-wide key initiatives and make significant impacts for the company and the industry. 

A successful candidate must be skilled at working in a matrixed organization and have a strong track record for building alignment and executing the work across multiple teams.

Key Responsibilities include, but are not limited to: 

  • Monitoring and interpreting key regulatory developments across the life industry regarding GAAP, Statutory, Tax and RBC valuation frameworks.
  • Defining company methodology and practices around key pieces of new regulatory requirements for new/existing products and transactions, including VM-20, VM-21, VM-22, AAT, Bermuda and US GAAP.
  • Representing the Company in various industry venues (ACLI subcommittees etc.).
  • Leading and contributing to the development of strong actuarial documentation regarding GAAP, Statutory, Tax and RBC methodologies for both emerging and existing requirements.
  • Collaborating with various internal stakeholders to ensure methodology is appropriately reflected across the Company.
  • Supporting training of the Company’s actuaries on regulatory updates and how they will affect the Company. 
  • Leading discussion with external auditors to agree upon determined actuarial methodologies.
  • Supporting senior management and board of director communications on regulatory updates.

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

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Working at 

Equitable

Offers a range of financial services, including life insurance, annuities, and investment products, designed to help clients secure their financial well-being and retirement security.

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