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
Salary range: $85,000 - $125,000
Overtime eligible: Exempt
Discretionary bonus eligible:
Sales bonus eligible:
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.
Working at
New York Life Insurance Co
New York Life Insurance Company is a highly respected and renowned insurance provider with a rich history that spans over 175 years. As one of the largest mutual life insurance companies in the United States, New York Life is committed to helping individuals and families secure their financial futures. As an actuary at New York Life Insurance Company, you'll be part of a distinguished team that plays a vital role in assessing and managing risks. Actuaries at New York Life utilize their expertise in statistical analysis, risk assessment, and financial modeling to evaluate risks, develop pricing strategies, and ensure the financial stability of the company's insurance offerings. Collaborating with cross-functional teams, actuaries at New York Life provide valuable insights that inform strategic decision-making. Actuaries analyze complex data, forecast trends, and develop innovative solutions that meet the evolving needs of customers while maintaining the company's financial strength. New York Life values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries can enhance their skills, stay at the forefront of industry advancements, and contribute to the company's continued success. Join New York Life Insurance Company's esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on securing individuals' financial futures, and enjoy competitive benefits in a supportive work environment.