Actuarial Development Associate – Rotations & Exams Hybrid

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

Benefits offered by this job

Benefits package

Job summary

New York Life offers an Actuarial Assistant role within the Corporate Finance department in New York City. The position is part of the actuarial development program, combining rotating assignments with support toward actuarial exams.

Hybrid work arrangement is 3 days per week, with opportunities to work across product development, reserves, and profitability analysis. Ideal candidates are pursuing FSA, have SOA exam progress, and hold a bachelor’s degree in actuarial science or related fields.

Qualifications

• Pursuing FSA with SOA exams preferred.
• Bachelor's degree in actuarial science or related field preferred.
• GPA 3.0 or higher preferred.
• Strong communication and interpersonal skills.
• Analytical mindset with good decision-making abilities.
• Familiarity with modeling packages, programming languages, and spreadsheet/database software.

Responsibilities

• Develop premiums and benefits for new and enhanced products.
• Design 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 strategies.

Skills

FSA track

SOA exams

Bachelor's degree

Strong communication

Analytical mindset

Decision making

Modeling tools

Education

Bachelor's degree in actuarial science or related

Tools

Modeling packages

Programming languages

Spreadsheets/Databases

Job description

New York Life offers an Actuarial Assistant role within the Corporate Finance department in New York City. The position is part of the actuarial development program, combining rotating assignments with support toward actuarial exams.

Hybrid work arrangement is 3 days per week, with opportunities to work across product development, reserves, and profitability analysis. Ideal candidates are pursuing FSA, have SOA exam progress, and hold a bachelor’s degree in actuarial science or related fields.