Senior Actuarial Associate

Job Requisition ID: 91766

Location Designation: Fully Onsite 

Location: 51 Madison Avenue, New York, New York 10010 (fully on-site)

Offered Wage: $160,306.00/year

Duties: Perform risk reporting and calculate key asset and liability management (ALM) risk metrics. Work closely with Investors, Controllers, and ALM teams for each product to assimilate the required data and perform actuarial calculations for key ALM risk metrics. Monitor real-time asset and liability positions leveraging Aladdin and Prophet. Create and enhance replicating portfolios (RPs) to capture critical characteristics of the liability profile. Support the development of an economic capital-based framework to evaluate enterprise market risk and its allocation to business units. Provide support for the delivery of interest rate risk results to rating agencies.

Education & Experience Requirements: Bachelor's degree in Risk Management, Insurance, Actuarial Science, or related field (willing to accept foreign education equivalent) plus three (3) years of experience as an Actuarial Professional

or

related occupation performing actuarial services for life insurance products. Must possess: Associate of the Society of Actuaries (ASA) certification or have passed at least six (6) ASA exams. Experience must include 3 years with the following: Performing actuarial modeling for life insurance products and cashflows, manipulating large datasets, and performing actuarial analysis and visualizations utilizing Prophet actuarial software, Tableau, SQL, Excel, and VBA programming; Analyzing data, developing actuarial assumptions, performing actuarial calculations and sensitivity testing, and performing back-testing related to life insurance utilizing Excel, Tableau, and Prophet according to established actuarial principles and practices; Performing actuarial modeling for key financial metrics related to life insurance and maintaining underwriting, pricing, valuation, and regulatory testing models leveraging Prophet and Tableau; and Interfacing with Valuation Actuaries, Pricing Actuaries, and Actuarial Modeling teams to clarify technical actuarial topics to both technical and non-technical audiences.

Eligible for Employee Referral Program.

To apply, visit https://jobs.newyorklife.com/, search job title.

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

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Pay Transparency

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.​

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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID: 91766