Senior Actuarial Associate

New York Life Insurance; New York (NY); Hybrid; USD 105,000 - 160,000; Full time

Job summary

Join a forward-thinking company that values career growth and innovation! As an actuarial trainee, you'll gain a comprehensive understanding of actuarial science through diverse job assignments and support for your actuarial exams. This role offers the chance to design new insurance products, analyze financial experiences, and enhance your business and leadership skills. With a commitment to inclusiveness and collaboration, you'll thrive in an environment that fosters both professional and personal development. If you're ready to embark on a rewarding career path in a supportive atmosphere, this opportunity is perfect for you.

Qualifications

• ASA working toward FSA designation or recent FSA required.
• Full-time actuarial or analytical experience is needed.

Responsibilities

• Develops premiums and benefits for new insurance and annuity products.
• Analyzes matching of assets and liabilities, developing optimal investment strategies.
• Quantifies risk exposure and proposes ways to minimize it.

Skills

Strong communication skills

Analytical thinking

Decision making

Education

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

ASA working toward FSA designation

Preferred cumulative GPA of 3.0 or higher

Tools

Modeling packages

Programming languages

Spreadsheet/database software

Job description

Location Designation: Hybrid - 3 days per week

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

We provide our actuarial trainees with a broad background in both the theoretical and practical applications of actuarial science by combining challenging rotating job assignments and significant support towards the completion of the actuarial exams. We also provide significant opportunities to improve business and leadership skills that will enable advancement through the company and prove valuable throughout one's career.

Responsibilities include:

1. Develops premiums and benefits for new and enhanced insurance and annuity products
2. Designs new products and product features
3. Projects profitability generated by Company’s products
4. Prepares studies of financial experience
5. Analyzes matching of assets and liabilities including developing optimal investment strategy
6. Quantifies company risk exposure and proposes ways to minimize risk
7. Assists in the determination of dividend scales
8. Performs actuarial research and statistical analyses
9. Performs special projects as assigned

Qualifications:

1. ASA working toward FSA designation in the Society of Actuaries or recent FSA
2. Full-time actuarial or analytical experience
3. Prefer cumulative GPA of 3.0 or higher
4. Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance
5. Strong communication and interpersonal skills
6. Analytically minded
7. Strong decision making abilities
8. Knowledge of modeling packages, programming languages, and spreadsheet/database software

Salary range: $105,000-$160,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.