Actuarial Assistant

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.

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.

Role Overview:

This role is part of the full-time actuarial development program.  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 ample opportunities to improve business and leadership skills that will enable advancement through the company.  

What You’ll Do:

Our multitude of roles offer traditional and non-traditional actuarial opportunities across an array of insurance products and functions where you may:

• Develop premiums and benefits for new and enhanced individual and group insurance and annuity products
• Design new products and product features

• Monitor experience and develop modeling assumptions
• Project profitability and analyze drivers of financial performance
• Evaluate matching of assets and liabilities including development of optimal investment strategy
• Quantify risk exposure and propose ways to manage risk
• Perform actuarial research and statistical analyses.
• Perform special projects as assigned

What You’ll Bring:

As an Actuarial Assistant, you will possess excellent communication and interpersonal skills, along with a strong analytical mindset and effective decision-making abilities.
 

Required Skills:

• Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance

Preferred Skills:

• Prefer cumulative GPA of 3.0 or higher

• Prefer passage of two or more Society of Actuaries exams (working toward ASA/FSA designation in the Society of Actuaries)
• Prefer knowledge of modeling packages, programming languages, and spreadsheet/database software

Salary range: $60,00-$102,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

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.

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. 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.

Job Requisition ID: 90706