ACTUARIAL ASSOCIATE

New York Life Insurance Co; New York (NY); Hybrid; USD 100.000 - 143.000; Vollzeit

Zusammenfassung

New York Life Insurance Co. offers an actuarial development program that blends theory with practical rotations, supporting exam progress and leadership skills. Trainees gain experience across product design, reserves, profitability, and risk management, with opportunities for advancement.

The program emphasizes collaboration, innovation, and inclusive culture, with a focus on developing business acumen and strong communication throughout your career at NYL.

Qualifikationen

• Preferred near ASA with intention to work towards FSA designation.
• Passage of three or more Society of Actuaries Exams required
• 2+ years of prior full-time actuarial experience
• 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

Aufgaben

• Develop premiums and benefits for new and enhanced insurance and annuity products
• Design and develop 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 approaches
• Special projects as assigned

Kenntnisse

Communication

Analytical thinking

Interpersonal skills

Decision making

Ausbildung

Bachelor's degree in Actuarial Science/Math/CS/DS/Engineering/Economics/Finance

Near ASA with intention to pursue FSA

Tools

Actuarial modeling packages

Spreadsheet & database software

Programming languages

Jobbeschreibung

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Selecting an option from the list below will update the main content ACTUARIAL ASSOCIATE

New York, New York, United States

Corporate Finance

Hybrid

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.

Role Overview

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 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 assigned

Qualifications

• Preferred near ASA with intention to work towards FSA designation in the Society of Actuaries
• Passage of three or more Society of Actuaries Exams required
• 2+ years of prior full-time actuarial experience
• 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

Job Level:LEVELPF3

Pay Transparency

Salary Range:$100,000-$143,000

Discretionary bonus eligible:Yes

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.

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. 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 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.

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: 94463

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Disclaimer 1 :

Eligibility for, and benefits under, the Pension Plan and 401(k) Savings Plan (“Plans”) are determined in accordance with the terms of the applicable plan document. Employees of certain subsidiaries, including but not limited to Group Benefit Solutions, employees of Life Insurance Company of North America and New York Life Group Insurance Company of NY, are not eligible to participate in the Pension Plan. In the event of a conflict between this information and the applicable plan document, the applicable plan document governs. The Company reserves the right to amend or terminate the Plans at any time.