Corporate Vice President & Actuary - Retail Annuity Pricing

New York Life; New York (NY); Hybrid; USD 200,000 - 250,000; Full time

Job summary

New York Life is seeking a Corporate Vice President & Actuary – Retail Annuity Pricing to lead the RA Product Development portfolio. You will supervise a team of 3–4 actuaries and oversee pricing, design, and implementation of innovative retail annuity products, partnering with Finance and Investments to drive profitability and long‑term growth.

In this role you will shape product strategy, monitor market trends and regulatory changes, and present insights to senior leadership.

Qualifications

• FSA credentials required.
• 10+ years actuarial experience.
• Experience leading actuarial teams.
• Experience with pricing and product development.
• Strong communication with senior stakeholders.
• Proven ability to manage multiple priorities.

Responsibilities

• Own the Product Development and Pricing portfolio, partnering with stakeholders across the Retail Annuity business, Finance, and Investments to evaluate opportunities, assess financial implications, and support strategic decision‑making.
• Lead the design, modeling, pricing, and implementation of retail annuity products, including Fixed Deferred Annuities, Fixed Indexed Annuities, Income Annuities (participating and non‑participating), and Variable Annuities.
• Drive product strategy from concept through implementation, balancing customer value, profitability, risk management, and operational considerations.
• Collaborate with our modeling center of excellence and modernization teams to enhance pricing models and advance enterprise modeling and AI capabilities.
• Oversee key pricing operations supporting the Product Development portfolio, including assumption development, model governance, financial impact analyses, and implementation support.
• Identify and implement process improvements that enhance pricing efficiency, scalability, governance, and analytical rigor.
• Monitor competitive market trends and the evolving regulatory landscape to ensure compliant and competitive product offerings.
• Present findings, recommendations, and business insights to senior leadership and other key stakeholders.
• Lead and develop a team of actuarial professionals by providing coaching, mentoring, performance management, and career development.

Skills

Actuarial modeling

Leadership

Stakeholder communication

Python

Tableau

Databricks

GitHub

AI capabilities

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field

Tools

Prophet

Job description

Location Designation: Hybrid - 3 days per week

This position is hybrid Tuesday - Thursday in the NY Office, Monday & Friday work from home.

Corporate Vice President & Actuary – Retail Annuity Pricing (MG3)

Location Designation: New York Office – Hybrid 3 days per week

Role Overview

The Retail Annuity (RA) Pricing team plays a critical role in shaping New York Life’s retail annuity strategy and financial performance. As the lead pricing actuary for the RA Product Development portfolio, you will partner closely with senior leaders across Retail Annuities, Finance, and Investments to drive product innovation, profitability, and long‑term business growth. In this role, you will lead a team of 3–4 actuaries and actuarial trainees while overseeing the design, pricing, and implementation of innovative retail annuity products. You will collaborate across the enterprise to develop competitive product strategies, influence key business decisions, and deliver solutions that create value for both customers and the company.

What You’ll Do

• Own the Product Development and Pricing portfolio, partnering with stakeholders across the Retail Annuity business, Finance, and Investments to evaluate opportunities, assess financial implications, and support strategic decision‑making.
• Lead the design, modeling, pricing, and implementation of retail annuity products, including Fixed Deferred Annuities, Fixed Indexed Annuities, Income Annuities (participating and non‑participating), and Variable Annuities.
• Drive product strategy from concept through implementation, balancing customer value, profitability, risk management, and operational considerations.
• Collaborate with our modeling center of excellence and modernization teams to enhance pricing models and advance enterprise modeling and AI capabilities.
• Oversee key pricing operations supporting the Product Development portfolio, including assumption development, model governance, financial impact analyses, and implementation support.
• Identify and implement process improvements that enhance pricing efficiency, scalability, governance, and analytical rigor.
• Monitor competitive market trends and the evolving regulatory landscape to ensure compliant and competitive product offerings.
• Present findings, recommendations, and business insights to senior leadership and other key stakeholders.
• Lead and develop a team of actuarial professionals by providing coaching, mentoring, performance management, and career development.

What You'll Bring

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field
• 10+ years of actuarial experience, preferably in insurance, financial services, or consulting
• FSA credentials required
• Actuarial modeling experience required
• Experience with Prophet actuarial modeling software is preferred
• Demonstrated experience leading actuarial teams and developing talent
• Strong knowledge of retail annuity products, pricing methodologies, and product development processes.
• Experience collaborating across business functions and influencing senior stakeholders.
• Experience with Python, Codex, Tableau, GitHub, Databricks, or related tools is a plus.
• Strong verbal and written communication skills with the ability to translate technical concepts into business recommendations.
• Proven ability to manage multiple priorities, lead complex initiatives, and deliver results in a dynamic environment.
• Strategic thinker with a demonstrated commitment to innovation, continuous improvement, and operational excellence.

Pay Transparency

Salary Range: $200,000-$250,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

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.

Company Overview

At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.

Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long‑standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.

As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.

Our Benefits

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 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.

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