Head of Actuarial Modeling

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's actuarial team is embarking on a transformational journey under the new Chief Actuary.
One major area of enhancements is to build the top-notch modeling team in the industry.This Head of Modeling role will be a critical part of a small Actuarial Leadership Team, reporting directly to the Chief Actuary.
This role will manage a team of 20+ actuaries and own actuarial models across all lines of business.
Reporting to this role will be the Head of Annuity Modeling, the Head of Life Modeling, and the Head of Downstream Capabilities and Modeling Infrastructure.This role will be a key player in turning various new initiatives (new legal entity, new products, internal reinsurance and novation, etc.) into reality and is therefore critical to the success of the overall actuarial team.Key Responsibilities include but are not limited to:
Build the top-notch modeling team in the industry by recruiting, developing, and retaining the best modeling talents.Own the prioritization of all modeling requests from Stat, GAAP, and Economic reporting lenses every quarter, ensuring consistency with the OKR (objectives and key results) set by the Chief Actuary.Collaborate with other actuarial leadership team members, including Head of Stat, Head of GAAP, Head of Economic, Head of Strategic Initiatives, and Head of Assumptions, to promote innovation and continuous improvements.Be a strong advocate for an agile working style.Build a solid industry perspective on modeling and model governance best practices, always challenging the status quo and finding ways to improve processes.The total targeted compensation range for this position is $389,000 - $471,000.
Total compensation varies based on skills, experience, geographical location, and other factors.For eligible employees, Equitable provides a full range of benefits, including 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 ProgramQualificationsRequired Qualifications:
Bachelor's degree in scientific, economic, or engineering majors, not limited to actuarial science.FSA (Fellowship of Society of Actuaries) or equivalent actuarial designations.10+ years of experience in the actuarial field with a significant amount of experience specialized in actuarial modeling.Front-line hands-on modeling experience with various actuarial platforms including Moody's AXIS, MG-ALFA, and Prophet, or any home-grown systems.Demonstrated leadership experience in driving a large modeling team to success.Preferred Qualifications:
Self-motivated individual with strong drives and dedication to excellence.Customer-centric mindset that always puts clients first, including Stat, GAAP, and Economic Valuation and Assumptions teams.Ability to maximize value creation by optimizing prioritization across multiple competing requests.SkillsAccuracy and Attention to Detail:
Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.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.Continuous Learning:
Understanding of the rationale behind the necessity to continually learn and grow and the ability to seek performance feedback and identify approaches to improve own performance and that of others.Financial Risk Management:
Knowledge of tools, techniques, and strategies applied in financial risk management; ability to quantify, qualify, and manage financial risk.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.Results Orientation:
Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.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 EQUITABLEAt 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 *** or email us at ***.
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