Posting Date: Sep 30, 2023

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation:  



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.



Employer: New York Life Insurance Company

Job Title:  Corporate Vice President

Location: New York, NY

Offered Wage: $174,762.00/year


Duties: Supports the company's ability to bring new products to market by implementing new products and reserving requirements into the valuation system. Develops valuation specifications and reviews the implementation in the valuation system. Creates independent Excel tools to validate reserves calculated in the valuation system. Maintains thorough documentation on the implementation and testing process. Enhances and streamlines the product implementation process. Implements enhancements to principle-based reserve (PBR) model and analyses. Performs periodic reviews and updates of valuation assumptions such as x-factors, PBR margins, incurred but not reported (IBNR), and term conversion reserve assumptions.


Education & Experience Requirements:

Master's degree in Actuarial Science, Mathematics or Statistics (willing to accept foreign education equivalent) plus three (3) years of experience providing actuarial services for life insurance or annuity products.

Or, alternatively:

Bachelor's degree in Actuarial Science, Mathematics or Statistics (willing to accept foreign education equivalent) and five (5) years of experience providing actuarial services for life insurance or annuity products.


Required Skills & Certifications:

  • Must possess Associate of the Society of Actuaries (ASA) designation.


Experience must include 1 year in each of the following skills:

  1. Providing technical support for actuarial model system migration, including architectural design, programming, data investigation, and testing;


  1. Performing inforce model testing or implementation using actuarial software, such as Prophet, MG-ALFA, and GGY-AXIS;


  1. Performing valuation reviews and testing following GAAP, STAT, PBR and LDTI Actuarial Valuation Guidelines;


  1. Proposing and implementing process maintenance and improvements leveraging SQL, R, C, C++, and Python programming languages; and,


  1. Performing actuarial assumption reviews and development, presenting to senior leadership, and collaborating with other actuarial teams to ensure consistency in assumptions across actuarial functions.


Eligible for Employee Referral Program



Overtime eligible: Exempt 

Discretionary bonus eligible: No 

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

Job Requisition ID: 89330




Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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