Actuarial Associate

Location Designation: Hybrid 

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: 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.