Rotational Actuarial Associate (Hybrid)

New-York-Life; New York (NY); Hybrid; USD 100,000 - 143,000; Full time

Job summary

New York Life is seeking actuary trainees for a development program in New York, offering broad exposure to theoretical and practical actuarial work. Rotations cover product design, pricing, reserves, and risk management, with support toward actuarial exams and leadership growth.

Roles involve collaboration across teams, exposure to premium development, profitability analysis, and reporting. Hybrid work arrangement is available (3 days on-site per week) to balance learning and collaboration.

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.

Responsibilities

• Develop premiums and benefits for new and enhanced insurance and annuity products.
• Design new products and product features.
• Monitor 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 skills

Interpersonal skills

Analytical thinking

Decision making

Education

Bachelor's degree in Actuarial Science

Tools

Modeling packages

Programming languages

Spreadsheet & databases

Job description

New York Life is seeking actuary trainees for a development program in New York, offering broad exposure to theoretical and practical actuarial work. Rotations cover product design, pricing, reserves, and risk management, with support toward actuarial exams and leadership growth.

Roles involve collaboration across teams, exposure to premium development, profitability analysis, and reporting. Hybrid work arrangement is available (3 days on-site per week) to balance learning and collaboration.