Senior Actuarial Associate

1 week ago


New York, United States New York Life Insurance Co Full time
Job Requisition ID: 90328

Location Designation: Hybrid - 3 days per week

Location: New York, New York

Offered Wage: $152,610/year

Duties:

Develops premiums and benefits for new and enhanced insurance and annuity products. Designs new products and product features. Projects profitability generated by company products and prepares financial experience studies. 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 and performs actuarial research and statistical analyses. Prices key features for variable annuity products and assesses sensitivity results. Maintains the Prophet model for term insurance and variable annuity products pricing. Conducts annual Valuation of New Business (VNB) for profitability testing for term and variable annuities. Performs equilibrium pricing to solve for the weighted average cost of capital (WACC) for financial reporting. Supports profitability analysis for cap and floor rate changes in Fixed Index Annuities (FIA). Assists managers to conduct regulatory testing, including NGE, DCS, NY4227, and self-supporting tests. Participates in profit testing for the pricing design for whole life and custom whole life insurance. Analyzes the financial impacts of key reinsurance treaties negotiation.

Education & Experience Requirements:
Bachelor's degree in Economics, Finance, Statistics, Mathematics or Actuarial Science (willing to accept foreign education equivalent) plus three (3) years of experience in performing actuarial services for life insurance or annuity products.

Required Certifications & Skills:
• Must possess Associate of the Society of Actuaries (ASA) certification

Experience must include 2 years in each of the following skills:
(1) Performing pricing development and modeling of deferred annuity product liability projections using Prophet, Excel VBA, SQL, and Tableau;

(2) Analyzing data, developing actuarial assumptions, and performing actuarial calculations according to professional Actuarial Standards of Practice (ASOP);

(3) Preparing studies of Whole Life, Term, Fixed Deferred Annuity, Fixed Indexed Annuity, and Variable Annuity products and performing actuarial research and statistical analyses;

(4) Analyzing profitability metrics according to statutory and U.S. GAAP accounting standards; and,

(5) Performing and supporting Non-Guaranteed Element, Disciplined Current Scale, and NY 4228(h) annual state regulatory testing.

Eligible for Employee Referral Program.

This notice is being provided as a result of the filing of an application for permanent alien labor certification for the relevant job opportunity. Any person may provide documentary evidence bearing on the application to the Certifying Officer, U.S. Department of Labor, Employment and Training Administration, Office of Foreign Labor Certification, 200 Constitution Avenue NW, Room N-5311, Washington, DC 20210.

Overtime eligible: Exempt

Discretionary bonus eligible: No

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.

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. We invite you to bring your talents to New York Life, so we can continue to help families and businesses "Be Good At Life." To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 90328
  • Senior Actuary

    4 weeks ago


    New York, United States DW Simpson Global Actuarial & Analytics Recruitment Full time

    Senior ActuaryNew York, NY / Princeton, NJ / HybridNo room to grow where you are? This role presents clear opportunities to advance in knowledge and responsibilities. As a Senior Actuary you will enhance & modify existing applications and methods while performing actuarial analyses, automated reserving, and business segmentation. You will also be responsible...


  • New York, United States New York Life Insurance Co Full time

    Job Requisition ID: 89246Location Designation: Hybrid - 3 days per week Employer: New York Life Insurance CompanyJob Title: Senior Actuarial AssociateLocation: New York, New YorkOffered Wage: $160,700.00/yearDuties: Duties: Performs actuarial pricing for Group Benefits Solutions products, including Life, Accident, Long Term Disability, Short Term Disability,...

  • Actuarial Associate

    7 days ago


    New York, United States New York Life Insurance Co Full time

    Job Requisition ID: 90318 **Location Designation**: Hybrid - 3 days per week **Job Title**: Actuarial Associate **Location**: New York, NY **Offered Wage**: $145,300.22/year **Duties**: As part of the Life Asset Liability Management (ALM) team, performs quarterly testing related to ALM metrics, including cash flow testing, duration, and embedded value....


  • New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialAt Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutionsThe Enterprise Valuation-Statutory team is responsible for...


  • New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialSenior Actuarial Associate - Retirement Strategies Institutional MethodologiesWhat you can expect:Support development of models and methodologies to underwrite mortality for Institutional Retirement Strategies products including a new internal mortality underwriting modelSupport the development of methodologies for new...


  • New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialAt Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutionsThe ILI End-to-End Modeling team is in the process of...


  • New York, New York, United States New York Life Insurance Co Full time

    Job Requisition ID: 90328Location Designation: Hybrid - 3 days per week Location: New York, New YorkOffered Wage: $152,610/yearDuties:Develops premiums and benefits for new and enhanced insurance and annuity products. Designs new products and product features. Projects profitability generated by company products and prepares financial experience studies....


  • New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialAt Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutionsThe GAAP Valuation team within the Individual Life...

  • Associate Actuary

    4 weeks ago


    New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialAt Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutionsAre you an actuary looking to utilize your coding skills?...

  • Associate Actuary

    2 weeks ago


    New York, New York, United States Milliman Full time

    The NY/ NJ Life office of Milliman provides consulting services to a broad array of clients in the life insurance and financial services industries. We are looking for a self-motivated recent or near FSA to work closely with actuarial students and co Actuary, Associate, Microsoft, Project Management, Actuarial, Technology, Insurance


  • New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialAt Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutionsThe ILI Assumption Team has an exciting opportunity for an...


  • New York, New York, United States Selby Jennings Full time

    Title: Senior Actuarial Analyst- PricingAre you an experienced actuary looking for a new challenge? If so, we have the perfect opportunity for you We are currently seeking a talented individual to join our client's remote team as a Senior Actuarial Analyst specializing in GLM modeling and commercial auto. As part of their team, you will play a crucial role...

  • Associate Actuary

    4 weeks ago


    New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialAt Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutionsThe U.S.Pension Risk Transfer (PRT) market presents a...

  • Actuarial Associate

    4 weeks ago


    New York, New York, United States EXL Service Full time

    Company Overview and CultureEXL (NASDAQ: EXLS) is a global analytics and digital solutions company that partners with clients to improve business outcomes and unlock growth. Bringing together deep domain expertise with robust data, powerful analytics, cloud, and AI, we create agile, scalable solutions and execute complex operations for the world's leading...

  • Actuarial Associate

    4 weeks ago


    New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialAt Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutionsThe Retirement Strategies Pricing team is a part of the...


  • New York, New York, United States Prudential Financial, Inc. Full time

    Job Classification:Actuarial - ActuarialAt Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutionsThe Retail Annuity Pricing team is responsible for...

  • Senior Life Actuary

    4 weeks ago


    New York, United States Pryor Associates Executive Search Full time

    Senior Life Actuary opening in NY or CT. Manage team of 5 actuaries responsible for strategic navigation of IFRS and related valuation processes; lead team to proactively identify key drivers and implement areas of improvement. Ideal candidate is FSA, near FSA, or career ASA with 10+ years of Life actuarial experience including GAAP, STAT, TAX, or IFRS...

  • Associate Actuary

    4 weeks ago


    New York, New York, United States Berkshire Hathaway GUARD Insurance Companies Full time

    OverviewAssociate Actuary - ProgramsPosition OverviewWe are seeking an Associate Actuary - Programs who is interested in working in a dynamic, fast-paced environment. The candidate will have exposure to multiple projects including pricing, product development and regulatory filings. The candidate should have strong technical and analytical skills, attention...

  • Actuarial Associate

    4 weeks ago


    New York, United States Guardian Life Insurance Company Full time

    As an actuary in Guardian’s Student Program, you will develop a thorough understanding of our products and how your job responsibilities contribute towards achieving the goals of Guardian. You will assist in performing financial and non-financial analysis and make recommendations consistent with Guardian’s goals regarding growth and profitability. As...


  • New York, United States Analytic Recruiting Inc. Full time

    A holding company that owns 5 whole life insurance companies is looking for an experienced Head Actuary to oversee all of the actuarial functions of the company. The insurance companies' primary lines of business are fixed and variable annuities, whole life, medicare supplements, and hospital indemnity products.This is a senior role that will be responsible...