Equitable

Actuarial II

Equitable$160K — $185K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's or foreign equivalent degree in Actuarial Science, Mathematical Finance, or closely related field.
  • At least 3 years of post-Baccalaureate experience as an Actuary.
  • Certification as Associate of Society of Actuaries required.
  • Experience in designing, developing, testing and implementing actuarial models within financial platforms.
  • Proven track record in conducting model validation and maintaining documentation for governance.

Responsibilities

  • Design, develop, test, and implement actuarial and quantitative models in proprietary financial platforms.
  • Apply derivatives concepts and numerical methods for embedded options in insurance products.
  • Support capital management and risk management activities related to insurance and annuity products.
  • Collaborate with pricing, valuation, and risk teams to integrate new product features into models.
  • Conduct model validation through unit testing and regression testing.
  • Automate processes and implement controls for efficiency and compliance.
  • Provide actuarial and quantitative support to hedge operations, including developing hedging strategies.

Benefits

  • Flexible work hours with a 40-hour work week.
  • Opportunities for professional development and continuing education.
  • Collaborative work environment with access to industry experts.
  • Participation in strategic initiatives for cutting-edge insurance products.
Full Job Description
Equitable Financial Life Insurance Company seeks an Actuarial II for its New York, NY location.

Duties: Design, develop, test and implement actuarial and quantitative models within proprietary in-house financial modeling platforms. Apply derivatives concepts and numerical methods to incorporate embedded options in insurance products into actuarial model. Support capital management, risk management activities, and strategic initiatives for insurance and annuity products. Collaborate with pricing, valuation and risk teams to integrate assumptions and new product features into models. Conduct model validation through unit testing, regression testing and independent replication. Maintain thorough documentation for governance and control purposes. Automate and streamline end-to-end process, and implement controls to ensure the efficiency, accuracy and compliance. Partner with internal and external auditors to address model governance requirements. Leverage expertise in high-performance actuarial and stochastic computing as well as quantitative finance to enhance model speed, scalability and robustness. Provide actuarial and quantitative support to hedge operation, including attribution analysis and development of hedging strategies.

Qualifications

Requires a Bachelor's or foreign equivalent degree in Actuarial Science, Mathematical Finance, or a closely related field plus at least 3 years of post-Baccalaureate experience as an Actuary. Requires certification as Associate of Society of Actuaries. Experience must include:
  • Design, development, testing and implementation of actuarial and quantitative models within financial modeling platforms.
  • Conducting model validation through unit testing, regression testing and independent replication and maintain documentation for governance and control purposes.
  • Providing actuarial and quantitative support to hedge operation, including attribution analysis and development of hedging strategies
  • Applying derivatives concepts and numerical methods to incorporate embedded options in insurance products into actuarial model and integrate assumptions and new product features into models
  • Supporting capital management, risk management activities, and strategic initiatives for insurance and annuity products.
  • Leveraging expertise in high-performance actuarial and stochastic computing as well as quantitative finance to enhance model speed, scalability and robustness.


40 hours/week. Salary is $160,000 to $185,000. Direct applicants only. Applicants send resume to [redacted] (Ref. job code ZL1745) or search job title through https://equitable.com/about-us/careers.

About Equitable

Equitable provides consulting services to secure the financial well-being and retirement strategies for individuals and families.

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Learn more about Equitable
Size
7,800 employees
Market Cap
$12.7 billion
Industry
Net Income
-$635 million
5 Year Trend
+4.3%
Revenue
$14.1 billion
NASDAQ

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