SENIOR ASSOCIATE, Annuity Pricing

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Date: May 8, 2022

Location: New York, NY, US

Company: New York Life Insurance Co

 

 

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.

 

 

Job Description

  1. Provide actuarial supports to our business partners to help maintain New York Life’s leadership position in the rapidly evolving annuity space
  2. Create / update actuarial calculation specs documents: 
  • Understand the required actuarial calculations, business rules and regulations
  • Document the calculations and rules
  1. Create / maintain various actuarial calculation tools (Excel based):
  • Understand the product features, business rules and applicable regulations
  • Work with various annuity teams to identify the requirements
  • Design and create new calc specs and Excel calculation tools as new products are introduced
  • Maintain/revise existing calc specs and tools as changes are needed
  • Create/maintain calc tool instructional documents
  1. Explain product features and actuarial calculations to programmers and testers
  2. Work with programmers and testers to resolve implementation / production issues (e.g. investigate, debug, resolve)
  3. Communicate with annuity product managers, pricing actuaries, programmers, testers and project managers
  4. Propose and implement calculation tool and process improvements
  5. Assist in the product filing process (e.g. prepare actuarial memorandum, demonstrate various compliance requirements, respond to regulatory objections, prepare annuitization factors, SEC filings, etc.)
  6. Perform ad hoc tasks requested by our business partners (e.g. Legal, Compliance, Services, product managers, production issues, etc.)

 

Functional Knowledge / Problem Solving:

  • Interpret business and system challenges, identifies issues, and recommends solutions and best practices
  • Collaborate with others to solve problems; use analytical thoughts and experiences to exercise judgment and identify solutions; problem solver
  • Team player and able to work independently, with minimum guidance in most situations
  • Play key role in functional projects and processes

 

 

 

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: 85978

 

 

 


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