Senior Actuarial Associate (Risk Management)

Job Requisition ID: 88989

Location Designation:  

Employer: New York Life Insurance Company

Job Title:  Senior Actuarial Associate (Risk Management)

Location: New York, NY

Offered Wage: $169,999.96/year

Duties: Performs risk reporting and calculates key asset and liability management (ALM) risk metrics. Works closely with Investors, Controllers, and ALM

teams for each product to assimilate the necessary data and perform actuarial calculations on the key ALM risk metrics. Monitors real-time asset and liability positions utilizing BlackRock’s Aladdin (an industry-leading portfolio and risk management system) and Prophet. Creates and enhances replicating portfolios (RPs) to capture critical characteristics of the liability profile. Assists with regulatory field testing such as International Insurance Capital Standard (ICS) testing. ICS testing is used to determine whether the company has sufficient capital based on International Association of Insurance Supervisors requirements.

Education & Experience Requirements:

Bachelor's degree in Risk Management, Insurance, Actuarial Science or related field (willing to accept foreign education equivalent) and 3 years of experience performing actuarial services for life insurance or annuity products

Required Certifications & Skills:

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

3 years of experience must include:

      1)  Leveraging Prophet, SQL, Excel, and VBA programming to model life insurance and annuity products and cashflows, manipulate large datasets, and perform actuarial analysis and visualizations; 

       2)    Analyzing data, developing actuarial assumptions, and performing actuarial calculations, sensitivity testing and back-testing according to actuarial principles and practices;  

       3)    Performing actuarial pricing and modeling of assets and liabilities key metrics for life insurance and annuity products; and maintaining pricing, valuation, and regulatory testing models; and,

       4)    Interfacing with senior management, Investment department, Pricing Actuaries, and Actuarial Modeling teams to clarify technical actuarial topics to both technical and non-technical audiences.

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.

Please note: At this time, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.