Business Solutions - Lead Actuary, CVP & Actuary

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Date: Oct 13, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

 

When you join New York Life, you’re joining a company that values development, career growth, collaboration, innovation, and diversity & inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.

 

 

 

The Business Solutions team serves as a central integrator for agency-sold products and solutions in the small business market. The Lead Actuary manages all aspects of the Business Solutions actuarial function, including product development, pricing and valuation coordination. The role will have primary actuarial oversight on the Employee’s Whole Life Product, Employee Benefits product suite (Group Term Life, Short- and Long-Term Disability), and new solutions. They will collaborate with business partners across New York Life, within finance (OCA, Experience Studies, Valuation, Reinsurance) and within other key support functions such as, Product Management, Underwriting, Agent Compensation, and Product Compliance. The Lead Actuary also serves as a key actuarial and finance relationship manager with our TPA/Reinsurance partners.

 

The role reports to the Business Solutions Chief Strategy Officer and works in close partnership with the Business Solutions Chief Financial Officer.

 

Key Responsibilities

  • Lead all product development and pricing initiatives on worksite individual, group and voluntary solutions
  • Partner in the development and execution of the small business owner strategy
  • Collaborate with product management in assessment of new products and distribution concepts
  • Prepare analyses and documentation in support of product governance decisions
  • Manage the quarterly VNB and valuation reporting processes
  • Engage in product regulatory support work
  • Managerial development opportunity, with exposure to senior leadership

 

Qualifications

  • BA/BS required
  • Fellow of the Society of Actuaries, with 7+ years’ work experience
  • Highly effective in forging working relationships and collaborating with others
  • Strong analytical and communication skills, both written and verbal
  • Self-motivated, with an ability to identify innovative solutions
  • Detail-oriented, with an ability to organize complex processes, handle multiple tasks, and deal with shifting priorities
  • Previous pricing and Prophet modeling a plus
  • Leadership or managerial experience a plus

 

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 our Foundation. 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: 84915

 

 

 


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