ACTUARIAL ASSISTANT

New-York-Life; New York (NY); Hybrid; USD 81,000 - 116,000; Full time

Benefits offered by this job

Benefits package

Job summary

New York Life offers an Actuarial Assistant role within the Corporate Finance department in New York City. The position is part of the actuarial development program, combining rotating assignments with support toward actuarial exams.

Hybrid work arrangement is 3 days per week, with opportunities to work across product development, reserves, and profitability analysis. Ideal candidates are pursuing FSA, have SOA exam progress, and hold a bachelor’s degree in actuarial science or related fields.

Qualifications

• Pursuing FSA with SOA exams preferred.
• Bachelor's degree in actuarial science or related field preferred.
• GPA 3.0 or higher preferred.
• Strong communication and interpersonal skills.
• Analytical mindset with good decision-making abilities.
• Familiarity with modeling packages, programming languages, and spreadsheet/database software.

Responsibilities

• Develop premiums and benefits for new and enhanced products.
• Design new products and product features.
• Monitor experience and develop modeling assumptions.
• Calculate reserves and report actuarial balances.
• Project product profitability and analyze drivers of financial performance.
• Quantify risk exposure and propose risk management strategies.

Skills

FSA track

SOA exams

Bachelor's degree

Strong communication

Analytical mindset

Decision making

Modeling tools

Education

Bachelor's degree in actuarial science or related

Tools

Modeling packages

Programming languages

Spreadsheets/Databases

Job description

Job DescriptionRequisition ID94559DepartmentCorporate FinanceJob FunctionCorporate FinanceLocationNew York,New York,United StatesRole Location DesignationHybrid - 3 days per weekJob Requisition ID: 94559Location Designation: Hybrid - 3 days per weekActuarial AssistantThis role is part of the actuarial development program. We provide our actuarial trainees with a broad background in both theoretical and practical applications of actuarial science by combining rotating job assignments with support towards the completion of the actuarial exams. We also provide significant opportunities to improve business and leadership skills that enable advancement through the company and prove valuable throughout one's career.Potential rotation placements may include responsibilities such as:• Developing premiums and benefits for new and enhanced insurance and annuity products• Designing new products and product features• Monitoring experience and developing modeling assumptions• Calculating reserves and reporting actuarial balances• Projecting product profitability and analyzing drivers of financial performance• Quantifying risk exposure and proposing ways to manage risk• Special projects as assignedQualifications:• Working towards FSA designation in the Society of Actuaries• Prefer passage of two or more Society of Actuaries exams• Bachelor's degree with preferred majors in Actuarial Science, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance• Prefer cumulative GPA of 3.0 or higher• Strong communication and interpersonal skills• Analytically minded• Strong decision making abilities• Knowledge of modeling packages, programming languages, and spreadsheet/database softwareJob Level: LEVELPF2Pay TransparencySalary Range: $81,000-$115,500Overtime eligible: ExemptDiscretionary bonus eligible: YesSales bonus eligible: NoActual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.Our BenefitsWe provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.Our Commitment to InclusionAt New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.Job Requisition ID: 94559Read More