Individual Retirement Assumptions Lead

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? The Individual Retirement Assumptions Lead is responsible for conducting assumption experience studies and making actuarial assumption recommendations to senior management. This role is part of the Actuarial Assumptions team which is responsible for the development, maintenance and distribution of all Actuarial Assumptions used in Equitable's internal and external financial reporting. In addition to managing experience analysis and our annual assumption setting process, the team will assist in the development of assumptions for various inforce initiatives and ad hoc projects. The Individual Retirement Assumptions Lead will work very closely with the Model Development team, Actuarial Valuation, IT / Data Analytics Office, Risk Management, Product Development teams and external auditors in executing the team's objectives. Duties Include, but are not limited to: Responsible for the development and proposal of Individual Retirement inforce actuarial assumptions across GAAP, Statutory, and Economic reporting frameworks Lead a small team, coordinating tasks efficiently among the team members, and developing their skill sets Perform experience study analysis and development of assumption proposals Propose enhancements to experience studies and/or the assumption structure to increase accuracy or reduce complexity Coordinate with key stakeholders, ensuring assumption proposals align with risk principles and IT/modeling parameters Collaborate with Model Development and Actuarial Valuation teams to quantify assumption proposals Present assumption proposals to senior management for approval Ensure that the reviewed assumptions are SOX compliant with the appropriate documentation and validation; support annual audit walkthroughs and provide timely responses internal and external auditors Partner with teams across the Company to execute inforce and balance sheet optimization initiatives and fulfill statutory experience reporting requirements as well as ad hoc experience data requests 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

Created: 2024-10-29