Actuarial Associate

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.

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

Please note:If entering an international address in the online application, please use NY as the state as this is a required field in order to submit your application

Pay Transparency

Salary Range:$82,500-$140,000

Overtime eligible:Exempt

Discretionary bonus eligible:Yes

Sales bonus eligible:No

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.

Our Benefits

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 Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

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 theFoundation.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.

Job Requisition ID:91278