Actuarial Development Associate: Rotational Program & Exams

New York Life; New York (NY); Hybrid; USD 124,000 - 177,000; Full time

Job summary

New York Life is recruiting for a role within its actuarial development program. Trainees gain a broad background across theoretical and practical actuarial science, rotating through assignments and support to complete actuarial exams.

The program emphasizes business leadership and professional growth, with opportunities to work on premiums, product design, reserves, and profitability analyses. Hybrid work arrangement is available (3 days per week).

Qualifications

• Strong communication and interpersonal skills.
• Analytically minded with solid problem-solving abilities.
• Strong decision making abilities.
• Knowledge of modeling packages, programming languages, and spreadsheet/database software.

Responsibilities

• Develop 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.

Skills

Communication

Analytical thinking

Decision making

Modeling software

Education

Bachelor’s degree in relevant fields

Tools

Modeling packages

Programming languages

Spreadsheet/database software

Job description

New York Life is recruiting for a role within its actuarial development program. Trainees gain a broad background across theoretical and practical actuarial science, rotating through assignments and support to complete actuarial exams.

The program emphasizes business leadership and professional growth, with opportunities to work on premiums, product design, reserves, and profitability analyses. Hybrid work arrangement is available (3 days per week).