SENIOR ACTUARIAL ASSOCIATE

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

Benefits offered by this job

Discretionary bonus eligible

Full benefits package

Leave programs

Adoption assistance

Student loan repayment

Job summary

New York Life Insurance Co. in New York, NY is seeking a Senior Actuarial Associate as part of its actuarial development program. The role blends theory and practice with rotating assignments and exams, while offering leadership development and career progression.

Rotations may include product development, reserves, profitability analysis, and risk management initiatives, with extensive exposure to modeling and analytics across life products.

Qualifications

• ASA working towards FSA is preferred.
• Passage of five or more SOA Exams is required.
• 4+ years of full-time actuarial experience.
• Bachelor's degree in actuarial science or related field; GPA 3.0+ preferred.

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 risk management approaches.
• Special projects as assigned.

Skills

Strong communication and interpersonal

Analytically minded

Strong decision making

Modeling packages and programming

Actuarial experience 4+ years

ASA progressing to FSA

SOA exams (5+)

Bachelor's degree in actuarial related

GPA 3.0 or higher

Education

Bachelor's degree in Actuarial Science, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance

Job description

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SENIOR ACTUARIAL ASSOCIATE

New York, New York, United States

Corporate Finance Hybrid

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 ASA working towards FSA designation in the Society of Actuaries
• Passage of five or more Society of Actuaries Exams required
• 4+ 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:LEVELPF4

Pay Transparency

Salary Range:$124,000-$177,000

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.

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.

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.

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.