Actuarial Analyst/Associate

Location Designation: Hybrid

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:

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

Qualifications:

• Preferred ASA or near ASA working toward FSA designation in the Society of Actuaries
• Passage of three or more Society of Actuaries Exams required
• 2+ years of prior full-time actuarial or analytical experience
• Prefer cumulative GPA of 3.0 or higher
• Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance
• Strong communication and interpersonal skills
• Analytically minded
• Strong decision making abilities
• Knowledge of modeling packages, programming languages, and spreadsheet/database software

Salary range: $85,000 - $125,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

About NY Life Insurance Company:

Diversity and humanity are two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work.

At New York Life, you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth.

The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities.

You will be part of a diverse team guided by our belief to always be there for each other, providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.