Join Corporate Finance where expertise meets strategic impact. Partner with diverse business units, providing financial insights and guiding sound decision-making. You'll work collaboratively to ensure data accuracy, implement robust controls, and safeguard policy owner interests. Become part of a team dedicated to financial stewardship, enabling business performance, and paving the way for a secure future for generations to come.
The Actuarial Model Architecture and Development (AMAD) team is responsible for supporting the business areas enterprise wide with their Asset-Liability Modeling (ALM) and other forecasting modeling needs. AMAD develops and maintains models covering Valuation, Cash Flow Testing, Embedded Value, Stress Testing, RBC, Duration analysis and Economic Capital, Stress Testing and Pricing. In addition to supporting the Prophet models, the team engages heavily in with the business units to understand prospective needs and advise on modeling approaches. This role offers interested candidates the opportunity to learn products and methods across every business within New York Life.
What You'll Do:
Responsibilities for this position place focus on the drive for continuous improvement from an operational perspective. A sample of the projects the role encompasses, but is not limited to, is as follows:
- Candidate will be a key member of a finance team responsible for modeling, reporting and business analytics.
- Prophet model conversions and model development based on centralized governance policy.
- Modeling advanced product features and reinvestment / hedging methods.
- Build business and corporate functionality into consolidated ALM models enabling enterprise wide risk assessment.
- Work with the business units to understand requested model changes, prioritization, execute test plans, and assist in model acceptance.
- Implementation of Prophet Enterprise modules to support governance and process automation.
- Implementation of the Single Platform functionality for Valuation, ALM and Pricing.
- Document all changes and testing to the models.
What You'll Bring:
The AMAD team tests and implements many leading-edge techniques as a team. We are looking for people with the following skill set:
- Bachelor's degree preferred
- Knowledge of actuarial and financial modeling, particularly asset and liability projection modeling using the Prophet actuarial system.
- Experience with Prophet development and implementation is a plus.
- Experience working within an actuarial enterprise technology environment a plus.
- Skilled in processing large data and development of efficient complex work process using advanced technology.
- Understanding of insurance products and the related risks.
- Excellent relationship building and collaboration skills.
- A self-starter with strong communication skills.
- Ability to convey technical concepts to non-technical audience.
- Ability to organize complex processes, handle multiple tasks, and deal with shifting priorities, all within demanding time schedules.
- Familiarity with Agile and Lean processes.
- Strong execution and time management skills - ability to move multiple projects along under tight deadlines.
- Ability to "think outside of the box" and work with leading edge non-traditional actuarial practices.
- An energetic team player.
Pay Transparency
Salary Range: $110,000-$190,000
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 hereto 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 the Foundation. 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.
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Job Requisition ID: 91390
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.
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Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
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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.