ACTUARIAL ASSISTANT

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

Job summary

New York Life offers an Actuarial Assistant role within its actuarial development program. You’ll rotate between assignments to gain breadth in theoretical and practical actuarial work while pursuing exams. The program also strengthens business and leadership skills for career advancement.

You’ll contribute to product development, reserves, profitability analysis, and risk assessment as part of a structured rotation plan in a hybrid setting.

Qualifications

• Working towards FSA designation with SOA exams.
• Bachelor's degree in quantitative field with strong academic record.
• Strong communication and interpersonal skills; analytical mindset.

Responsibilities

• Participate in actuarial development program with rotating assignments.
• Assist in developing premiums/benefits, products, and features.
• Support reserves, reporting, and profitability analyses; quantify risk.

Skills

Strong communication

Analytically minded

Strong decision making

Programming languages

Modeling packages

Spreadsheet/database software

Education

Bachelor's degree in Actuarial Science/Mathematics/Statistics/Finance

GPA 3.0 or higher

Working towards FSA designation

Tools

Excel

SQL

Job description

Actuarial Assistant

Location Designation: Hybrid - 3 days per week

Job Level: LEVELPF2

This 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

• 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 assigned

Qualifications

• 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 software

Pay Transparency

Salary Range: $81,000-$115,500

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Actual 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 Benefits

We 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.

• Leave programs
• Adoption assistance
• Student loan repayment programs

Our Commitment to Inclusion

At 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.

Additional Information

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.