Senior Actuarial Associate

APPLY NOW »

Date: Jan 2, 2021

Location: Austin, TX, US

Company: New York Life Insurance Co

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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.

 

Candidate will be a key member of a finance team responsible for completing financial reporting, analysis and projection projects and a selection of experience studies. In the role the candidate must master Prophet and be able to perform valuation and projection projects, with all related control and audit processes being completed. In the financial reporting and analysis work, the candidate will take Prophet results, in combination with other data and analyze and communicate the emerging financial results in a structured manner. In the experience studies work the candidate will assist in performing selected experience studies. The candidate will interact with various members of the finance community at large within the company and with our external auditors. Position requires strong actuarial and technical skills, the ability to meet deadlines and set priorities, combined with good communication skills to make sure all requests are understood, processed and delivered on time and according to spec.  Working independently is a must.  Some project meeting coverage will be required as well.
 

Key responsibilities include:

  • Produce accurate and timely valuations every month
  • Analyze the emerging policy and claim experience, identifying the key drivers of variances from plan and communicate these variances and underlying business drivers to management
  • Produce accurate and timely projection model runs as needed. Complete all necessary audit and control activities related to these responsibilitie
  • Assist in the annual update of assumptions, implementing and auditing the implementation of assumptions into Prophet
  • Identify enchancements to Prophet functionality, work with the PCOE to implement these enhancement
  • Develop a deep knowledge of GAAP, Statutory and tax reporting requirements
  • Perform selected experience studies as needed
  • Participate in the large scale department projects like First Principles, Project Homeward Bound
  • On an ongoing basis continue to improve and automate all related processes

 

#LI –MM1

EOE M/F/D/V

 

If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) 576-5811.

Job Requisition ID: 82187 


Nearest Major Market: Austin

Job Segment: Social Media, Accounting, Actuarial, Marketing, Finance, Insurance