Quantitative Analyst - Individual Retirement

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?

About Individual Retirement

Individual Retirement designs and distributes annuity products to help individuals accumulate wealth and prepare for the income they will need in retirement. With more than 900,000 active variable annuity policies, Individual Retirement is one of the leading providers in this important asset class. Our tribe mission is to “relentlessly deliver innovative, sustainable retirement strategies for our partners that enable Americans to grow, protect and enjoy their wealth”.

Individual Retirement's products and services offer advantages including wealth accumulation, guaranteed income, death benefits and tax-efficient distribution options.

Role Description

The Quantitative Analyst will assist in the daily operations of the structured segments offered in Structured Capital Strategies (SCS), Equivest (TSA), Investment Edge (IE), Variable Annuity (SCS Income), Indexed Universal Life (IUL) and Market Stabilizer Option (MSO) offered in Variable Life products, including liability valuation, particularly equity option pricing, and PnL calculation as well as ad-hoc analysis such as cap setting and new product development.

Opportunities include:

Exposure to Business Senior Management, Product Development, and other leaders within Actuarial, and Finance and positively impact product design and various initiatives

Responsibilities include, but are not limited to:

• Design and implement new structured segment payout
• Compute the segment value, and determine the cap for each segment
• Work closely with Hedging/Investment team to ensure investment targets are achieved.
• Calculate monthly reserve on structured segment
• Enhance current process and assist in ad-hoc analysis

• Bachelors degree in Mathematics and/or Actuarial Sciences with a minimum of a ASA Designation OR Masters Degree in Financial Engineering required
• 2+ years experience in quantitative analysis
• Hands-on experience in complex spreadsheets and proficient in Excel VBA
• Programming experience in Python, C++ or similar language
• Familiar with European options, binary options, and Black Scholes model
• Knowledge of annuity products
• Established quantitative, problem solving and analytical skills.
• Self-starting and detail-oriented with strong organization skills and the ability to manage competing priorities in a demanding environment
• Familiar with Exotic options such as Cliquet option and Stochastic models such as Heston model

Skills

Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.

Communicating for Impact: Knowledge of the concepts, tools and techniques for effective listening and communicating; ability to apply these theories to receive, transmit and accurately interpret information and ideas to influence others in various situations.

Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

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.

Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.

The base salary range for this position is $80,000-$116,000. 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.

Equitable Pay and Benefits: Equitable Total Rewards Program

ABOUT EQUITABLE

At Equitable, we’re a team of over ten thousand strong; 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) 314-2211 or email us at TalentAcquisition@equitable.com.

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