Model Development Lead (HYBRID)

Equitable•Syracuse, NY

4d•Hybrid

About The Position

At Equitable, we help clients secure their financial well-being so they can pursue long and fulfilling lives - a mission we’ve honed since 1859. Equitable is looking for a Model Development Lead to support the timely and controlled development of the Life cash flow projection models. This role will be reporting into the Head of Life Modeling. What You’ll Be Doing Partner closely with Valuation, Assumptions, Accounting Policy, Pricing and Risk Management teams in the development of sustainable Life projection models, compliant with emerging accounting and regulatory frameworks Implement processes, infrastructure and controls to ensure accurate and timely delivery of Life projection models and results Examples of model development work include, but are not limited to: US GAAP including LDTI Life Statutory (including PBR) and Capital Economic Valuation and Economic Capital Implementing, quantifying and reviewing assumption and model updates Finance Modernization initiatives to improve processes, controls, and analytics Ensure compliance with company model architecture standards and change management governance processes This position offers a hybrid work schedule, with an on–site presence of 2–3 days per week combining flexibility with team collaboration. The base salary range for this position is $125,000 - $155,000. 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

Requirements

Bachelor’s degree in Mathematics, Statistics and/or Actuarial Science
ASA Designation
10+ years of professional work experience in actuarial or related analytical roles
5+ years of experience building and improving actuarial models (Moody’s AXIS preferred)
Understand the core rationale for use of life products and understanding of profitability patterns
Ability to interpret results, identify drivers of impacts, and problem solve solutions
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: 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.
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.
Adapts and Learns - Actively learning and adapting through experimentation when tackling new problems and situations, using both successes and failures to develop and learn

Nice To Haves

FSA Designation
Results oriented, accountable for performance and motivated to take ownership of projects
Capacity and eagerness to challenge and influence in a highly collaborative way

Responsibilities

Partner closely with Valuation, Assumptions, Accounting Policy, Pricing and Risk Management teams in the development of sustainable Life projection models, compliant with emerging accounting and regulatory frameworks
Implement processes, infrastructure and controls to ensure accurate and timely delivery of Life projection models and results
US GAAP including LDTI
Life Statutory (including PBR) and Capital
Economic Valuation and Economic Capital
Implementing, quantifying and reviewing assumption and model updates
Finance Modernization initiatives to improve processes, controls, and analytics
Ensure compliance with company model architecture standards and change management governance processes