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CORPORATE VICE PRESIDENT

1 month ago

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

Job Title: Corporate Vice President & Actuary (Life Actuarial Analytics)
Location: New York, New York
Offered Wage: $185,910.00/year

Duties: As a member of the Life Actuarial Analytics team, analyzes the economics and underlying business drivers leveraging actuarial models and financial information to influence the strategic direction for new product development, in-force management, and strategic initiatives and satisfy regulatory requirements. Interfaces with Product Management, Legal, Illustration, and Systems and acts as a valued partner and advisor to multiple business areas while protecting the interest of both policy owners and the company. Collaborates with the company's broader Finance team, including: Office of Chief Actuary and Pricing to perform quarterly value of new business (VNB) reporting and annual non-guaranteed elements (NGE) and discipline current scale (DCS) testing; Experience Studies and Underwriting to conduct actuarial analyses in support of key Underwriting initiatives; Product Management to assess Life in-force business management strategies; and, Reinsurance to evaluate reinsurance treaties. Prepares actuarial reports to support internal governance committees and external regulators.

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

Or, alternatively:

Bachelor's degree (willing to accept foreign education equivalent) in Actuarial Science, Mathematics, Finance and five (5) years of experience in providing actuarial services for life insurance or annuity products.

Required Certifications & Skills:
• Must possess Fellow of the Society of Actuaries (FSA) designation and be a member of the American Academy of Actuaries (MAAA).

Experience must include 1 year in each of the following skills:

1) Performing pricing analysis to support the Finance department's understanding of how financial markets drive multiple sources of earnings leveraging Excel, and Prophet or AXIS actuarial software;

2) Generating multiple financial metrics utilizing VBA and Prophet or Axis actuarial software for a large insurance company and clarifying the movement of those metrics and associated financial profitability impacts to senior management leveraging financial statement analysis framework, including sensitivity tests and waterfall analysis;

3) Designing, implementing, and reviewing actuarial models to support financial analysis, assumption testing, and regulatory requirements leveraging Prophet or Axis actuarial software; and,

4) Improving and streamlining existing business procedures for monthly, quarterly, and annual reporting to increase efficiency and improve understanding of insurance products leveraging VBA and SQL programming languages and R, MATLAB or Python statistical software.

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.

About NY Life Insurance Company

Diversity & Humanity-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.

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.

Required Legal Notices - All Candidates Please Click Here