Actuarial Associate

Mutual of America; New York (NY); Hybrid; USD 99,700 - 149,600; Full time

Benefits offered by this job

Annual Bonus

Comprehensive Benefits Package

401(k) Match

Parental Leave

Paid time off

Job summary

Mutual of America in New York is seeking an Actuarial Associate to play a key role in financial reporting and analysis. You will contribute to the financial projections and collaborate with teams to deliver insightful actuarial results.

This role requires a Bachelor's degree in Actuarial Science, strong analytical and problem-solving skills, and a commitment to producing high-quality work. Benefits include a comprehensive package starting on day one and the opportunity to earn an annual bonus.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or related field.
• Solid understanding of actuarial concepts such as reserves, valuation, and financial reporting.
• Minimum of three Society of Actuaries exams, including Financial Mathematics and Actuarial Mathematics.

Responsibilities

• Determine annuity liabilities for periodic financial reporting.
• Analyze reserve components to identify key drivers of results.
• Contribute to financial projections and reserve analysis.

Skills

Analytical skills

Problem-solving skills

Communication skills

Excel proficiency

Education

Bachelor's degree in Actuarial Science, Mathematics, or Statistics

Tools

Excel

VBA

SQL

Python

Job description

NY - Home Office
320 Park Avenue
New York, NY 10022, USA

Description

Mutual of America Financial Group

Job Title: Actuarial Associate Location: New York, NY (hybrid)

Who We Are:

At Mutual of America Financial Group, we help people build the assets they need to achieve greater financial security. Our Company is built upon a solid foundation of integrity, excellence, and social responsibility. We were founded in 1945 to provide small and mid‑sized nonprofit organizations with pension and retirement‑related services, along with leading customer support. Today, we provide these services also to for‑profit companies, as well as to governmental entities, Tribal enterprises, institutional investors, and individuals. We work diligently to understand the needs of our customers so we can help them achieve their retirement goals.

We are committed to bringing talented and motivated people together to help our customers achieve a financially secure future.

Role Summary:

The Actuarial Associate will play a key role in the financial reporting, valuation and financial analysis of Mutual of America’s annuity line of business. As a member of the Actuarial Student Program, the Associate will support core actuarial functions while advancing toward professional credentialing.

This position will contribute to financial projections, reserve analysis, and the financial reporting of current and future new annuity products. The Associate will collaborate with teams across the company to deliver accurate, timely, and insightful actuarial results that support strategic decision‑making and product development.

Responsibilities:

• Determine annuity liabilities for periodic financial reporting in accordance with statutory and tax requirements.
• Analyze reserve components to identify key drivers of results.
• Conduct experience studies to validate results and support assumption setting.
• Develop and analyze financial projections and forecasts to support planning and reporting.
• Prepare, review and reconcile NAIC Annual and Quarterly Statement Exhibits and Schedules.
• Provide actuarial liability data for industry surveys and rating agency requests.
• Support auditors and examiners by supplying required actuarial information and explanations.
• Respond to requests for non‑standard benefit estimates.
• Contribute to additional projects and initiatives as assigned.

Required Qualifications:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or related field.
• Solid understanding of actuarial concepts such as reserves, valuation, experience studies and financial reporting.
• Strong analytical and problem‑solving skills, with the ability to interpret complex financial and actuarial data.
• Strong attention to detail and commitment to producing accurate, high‑quality work.
• Effective communication skills, including the ability to explain technical concepts to non‑technical stakeholders.
• Minimum of three Society of Actuaries exams; must have the Financial Mathematics and Actuarial Mathematics (Life Contingencies) exams.
• Proficiency in Microsoft Office, especially strong Excel skills; experience with VBA is a plus.

Preferred Qualifications:

• Progress towards ASA or FSA designation.
• Experience with actuarial modeling software such as Prophet, AXIS, or similar.
• Working knowledge of SQL, R, Python, or other programming languages used for data analysis.

Benefits:

• Annual Bonus
• Comprehensive Benefits Package (medical, dental, and vision) that starts day one of employment
• 401(k) Match: Receive up to 6% of your pay (salary and incentive compensation) with 100% employer match on employee contributions.
• Parental Leave: 8 weeks fully paid
• Paid time off: 20 days plus two floating personal holidays

The salary range below describes the minimum to maximum base salary range for this role. The role is also eligible for an annual bonus; whereby total compensation may exceed this range depending on individual and / or company performance.

Base Salary Range: $99,700 - $149,600

Visit www.mutualofamerica.com/careers for additional details about life at Mutual of America. You can also follow us on Twitter: @mutualofamerica | Facebook: @mutualofamerica

Mutual of America Financial Group provides equal employment opportunity to all qualified employees and applicants for employment regardless of race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, or any other classification prohibited by applicable law. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.