Actuary, Quantitative Model Developer/Researcher
: Job Details :

Job Description - Actuary, Quantitative Model Developer/Researcher (250000C8)

Primary Location

Primary Location: UNITED STATES-NY-New York

Other LocationsOrganization

Organization: Equitable

Schedule

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?

We are seeking a creative, highly motivated and detail-oriented Actuary, Quantitative Model Developer/Researcher to join the Actuarial Hedging team. The ideal candidate will have a well-rounded background in financial engineering, programming, or actuarial science. In this role, you will lead the design and implementation of state of the art actuarial and quantitative models that drive our hedging program and collaborate across different functional teams in the organization.

Responsibilities include, but are not limited to:

• Design, implement and maintain hedging models for hedging operations and hedge strategy for Variable Annuity products.
• Lead the development of tools and platform enhancements to increase productivity through innovative system-building and automation.
• Utilize high-performance computing to accelerate result production and enhance model robustness.
• Create documentation for analysis, reporting, internal control and external auditing purposes.
• Contribute to improvements of hedging strategies for Variable Annuity using innovation.
• Lead initiatives aimed at derivatives/market modeling, analytical research and infrastructure/process development.
• Actively monitor P&L attribution and performance measurement and hedge effectiveness.
• Work with internal controls and external auditors/regulators; take proactive actions to mitigate operational risks.

The base salary range for this position is $140,0000 - $175,000. 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.

• Bachelor's degree in Mathematics, Actuarial Science, Statistics, Computer Science, Engineering or Physics.
• 3+ years of experience in Model Development, Quantitative Research, or related function involving hands on coding and implementing complex mathematical, stochastic, and/or actuarial concepts and algorithms.

Preferred Qualifications:

• Fellow of the Society of Actuaries (FSA) designation.
• Experience in insurance industry, specifically with Hedging and/or Variable Annuity products.
• C/C++, Python and/or MATLAB coding experience.
• Familiarity with techniques such as parallel computing or distributed systems to handle large-scale models.

Skills

Accuracy 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.

Problem Solving: Utilizing established analytical and technical skills to develop and apply 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.

ABOUT EQUITABLEAt Equitable, we're a team 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 (212) ###-#### or email us at ...@equitable.com .

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