Job Description - Lead Actuary, Pricing and Inforce, Group Retirement (240000KU)
Primary Location
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?
Equitable is looking for a Lead Actuary of Pricing and Inforce, Group Retirement to join us! In this role, you will serve on the Actuarial team in the Group Retirement business, reporting directly to the Chief Actuary, responsible for executing on product pricing and inforce management strategy.
This role will proactively contribute to growing the Group Retirement by developing innovative strategies to optimize client outcomes and enhance profitability of the business.
Job Responsibilities
Key functions include but are not limited to:
- Partner closely with product team on development and implementation of new products and features
- Manage pricing models and documentation for Group Retirement product portfolio
- Ensure ongoing maintenance of documentation of our models and processes
- Oversee all analysis, review and offer generation for all pricing requests
- Manage all product Conversion Programs
- Collaborate with finance areas on model consistency, assumption development and approval process
- Conduct experience monitoring and produce associated reports
- Manage and produce all actuarial material for the filing of products and enhancements; and address all state department inquiries and objections
- Monitor legal and regulatory updates
- Assist in all new business projects, including development of exploratory pricing models
- Support cross functional initiatives by providing pricing subject matter expertise.
- Provide pricing subject matter expertise to team members and internal/external stakeholders on complex assignments/projects.
The base salary range for this position is $105,000-$177,000. 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.
Minimum Requirements
- 5+ years of hands-on professional work experience as an Actuary in the financial/insurance industry
Preferred Qualifications
- Understanding of actuarial principles, profitability drivers and key financial metrics and suite of retirement products is required
- Understanding of Group Retirement business is preferred
- Knowledge of regulatory requirements and frameworks
- Critical problem solver with ability to gather, analyze and synthesize a significant amount of information, and turn it into a compelling vision
Skills
Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Business Math: Knowledge of mathematical concepts; ability to apply mathematics appropriately to business transactions.
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.
Programming: Knowledge of relevant programming languages and tools; ability to test, write, design, debug, troubleshoot and maintain source codes and computer programs.
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 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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