Senior Actuary, Retail Annuity Pricing & Strategy (Hybrid)

New York Life

New York (NY)

Hybrid

USD 200,000 - 250,000

Full time

10 days ago

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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.