Actuarial Assistant (Philadelphia)

New York Life Insurance Co; New York (NY); Hybrid; USD 60,000 - 105,000; Full time

Benefits offered by this job

Discretionary bonus eligible

Fortune World's Most Admired Companies

Be Good At Life culture

Job summary

New York Life Insurance Co. seeks an Actuarial Assistant in its full-time actuarial development program in New York. The program blends rotating assignments with strong exam support, leadership skill development, and opportunities to advance within the company.

You will work across insurance products, performing actuarial analyses and contributing to financial stewardship, ensuring data accuracy and robust controls in a team-focused environment.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance.
• Prefer GPA 3.0 or higher.
• Prefer SOA exams toward ASA/FSA.

Responsibilities

• Develop premiums and benefits for new and enhanced insurance and annuity products.
• Design new products and product features.
• Monitor experience and develop modeling assumptions.
• Project profitability and analyze drivers of financial performance.
• Evaluate asset-liability matching and investment strategy.
• Quantify risk exposure and propose risk management methods.
• Perform actuarial research and statistical analyses.
• Perform special projects as assigned.

Skills

Communication

Analytical thinking

Decision making

Education

Bachelor's degree

Tools

Modeling packages

Programming languages

Spreadsheet/Database software

Job description

Location Designation: Hybrid - 3 days per week

When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

Join Corporate Finance where expertise meets strategic impact. Partner with diverse business units, providing financial insights and guiding sound decision-making. You'll work collaboratively to ensure data accuracy, implement robust controls, and safeguard policy owner interests. Become part of a team dedicated to financial stewardship, enabling business performance, and paving the way for a secure future for generations to come.

Role Overview:

This role is part of the full-time actuarial development program. We provide our actuarial trainees with a broad background in both the theoretical and practical applications of actuarial science by combining challenging rotating job assignments and significant support towards the completion of the actuarial exams. We also provide ample opportunities to improve business and leadership skills that will enable advancement through the company.

What You'll Do:

Our multitude of roles offer traditional and non-traditional actuarial opportunities across an array of insurance products and functions where you may:

• Develop premiums and benefits for new and enhanced individual and group insurance and annuity products
• Design new products and product features
• Monitor experience and develop modeling assumptions
• Project profitability and analyze drivers of financial performance
• Evaluate matching of assets and liabilities including development of optimal investment strategy
• Quantify risk exposure and propose ways to manage risk
• Perform actuarial research and statistical analyses.
• Perform special projects as assigned

What You'll Bring:

As an Actuarial Assistant, you will possess excellent communication and interpersonal skills, along with a strong analytical mindset and effective decision-making abilities.

Required Skills:

• Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance

Preferred Skills:

• Prefer cumulative GPA of 3.0 or higher
• Prefer passage of two or more Society of Actuaries exams (working toward ASA/FSA designation in the Society of Actuaries)
• Prefer knowledge of modeling packages, programming languages, and spreadsheet/database software

Salary range: $60,00-$105,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

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. We invite you to bring your talents to New York Life, so we can continue to help families and businesses "Be Good At Life." To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

About NY Life Insurance Company

Diversity & Humanity-two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients’ and employees’ needs.