Senior Associate

New York Life Insurance Co; City of White Plains (NY); On-site; USD 106,000 - 130,000; Full time

Job summary

New York Life Insurance Co seeks a Senior Associate to leverage financial planning, risk management, advanced financial modeling, risk analysis, and strategic planning to analyze master projection models and perform in-depth investment analysis.

The role migrates model input from Excel to Python, improves ALM workflows, and completes ad hoc requests to set credit rates across product lines. Requires a Master’s or Bachelor’s in related fields with insurance experience.

Qualifications

• Master’s degree or higher in a quantitative field with insurance context preferred.
• Strong technical skills in SQL, Excel and Python for financial modeling and risk analysis.
• Experience communicating complex risk concepts to stakeholders in an insurance environment.

Responsibilities

• Analyze master projection models for investment performance and risk.
• Conduct monthly portfolio cost analyses to set credit rates.
• Enhance ALM planning by managing investment risk and liquidity.
• Migrate model input/output from Excel to Python to reduce manual work.
• Complete ad hoc requests including scenario analyses and cost evaluations.

Skills

SQL

Excel

Python

Excel VBA

Insurance industry knowledge

Risk reporting

Risk modeling

Education

Master’s degree in Enterprise Risk Management, Actuary Science, Financial Engineering, or related field

Bachelor’s degree in Enterprise Risk Management, Actuary Science, Financial Engineering, or related field

Tools

Tableau

Job description

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Location : 44 South Broadway, White Plains, New York 10601 (fully in office)

Offered Wage : $118,248/year

Senior Associate to leverage financial planning, risk management, advanced financial modeling, risk analysis, and strategic planning to analyze master projection model usage and perform in-depth analysis of in-vestment performance. Conduct monthly portfolio cost analysis to set credit rates by contributing to derivative and cashflow models, gathering data from other groups, and generating scenario analyses. Enhance strategic planning for asset liability management (ALM) by managing risks associated with investment portfolios and asset liquidity. Improve workflow processes and elevate efficiency by migrating portions of model input and output from Excel to Python eliminating manual data manipulation and running models. Complete ad hoc requests, including portfolio yields scenario analysis and investment costs to set credit rates for multiple product lines. Requires: Master’s degree in Enterprise Risk Management, Actuary Science, Financial Engineering, or related field (willing to accept foreign education equivalent) plus one year of experience as a Senior Associate or related occupation in a data or quantitative role developing and analyzing financial models with insurance related experience, or, alternatively, a Bachelor’s degree in Enterprise Risk Management, Actuary Science, Financial Engineering, or related field (willing to accept foreign education equivalent) plus three years of experience as a Senior Associate or related occupation in a data or quantitative role developing and analyzing financial models with insurance related experience. Specific skills/other requirements- Must also possess the following (quantitative experience requirements not applicable to this section): input data into financial model using SQL and Excel; leverage Python and Excel VBA models to perform complex calculations, ensuring consistency and accuracy in the output of monthly crediting rates; integrate trend and factor changes (e.g., credit spreads, interest rate fluctuations) into models, ensuring alignment with current business strategies; identify trends, anomalies, and potential areas for optimization; develop and improve financial model automation and implement additional data validation checks, error-handling mechanisms, and control frameworks to minimize operational risks; Microsoft Excel Macro and VBA, Python and SQL, Tableau, and professional knowledge of insurance industry; risk expertise including Risk Reporting (RCSA, KRI, Risk Heatmap, Gap analysis, Risk metrics) or Risk Modeling (VaR, ES, Risk Exposures).

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.

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 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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com .

Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

Job Requisition ID: 92504

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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.