Actuarial II

Equitable•New York, NY

2d•$160,000 - $185,000•Onsite

About The Position

Equitable Financial Life Insurance Company seeks an Actuarial II for its New York, NY location. This role involves designing, developing, testing, and implementing actuarial and quantitative models within proprietary in-house financial modeling platforms. The position requires applying derivatives concepts and numerical methods to incorporate embedded options in insurance products into actuarial models. Key responsibilities include supporting capital management, risk management activities, and strategic initiatives for insurance and annuity products. The Actuarial II will collaborate with pricing, valuation, and risk teams to integrate assumptions and new product features into models, and conduct model validation through various testing methods while maintaining thorough documentation. The role also focuses on automating and streamlining processes, implementing controls for efficiency and compliance, and partnering with auditors. Additionally, the position will leverage expertise in high-performance actuarial and stochastic computing, as well as quantitative finance, to enhance model performance. A significant aspect of the role is providing actuarial and quantitative support to hedge operations, including attribution analysis and the development of hedging strategies.

Requirements

Bachelor’s or foreign equivalent degree in Actuarial Science, Mathematical Finance, or a closely related field.
At least 3 years of post-Baccalaureate experience as an Actuary.
Certification as Associate of Society of Actuaries.
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.

Responsibilities

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 models.
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 processes, and implement controls to ensure 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 operations, including attribution analysis and development of hedging strategies.