ASSOCIATE

Location Designation: Hybrid - 3 days per week 

Role Overview:
The Actuarial Services role will support pricing initiatives for group insurance products within the GBS business unit. This position will offer experience and exposure to actuarial work and provide support to the actuarial function, focusing on pricing methodologies, rate development, and analysis. The role involves collaboration with underwriting and broader finance teams to deliver competitive and profitable pricing solutions.
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What You'll Do:
• Develop and maintain pricing models for group insurance products, ensuring alignment with NYL standards and regulatory requirements.
• Analyze experience data and trends to support rate development and assumption setting.
• Prepare pricing exhibits and documentation for internal stakeholders and regulatory filings.
• Collaborate with underwriting, product, finance, and other actuarial colleagues to deliver competitive and profitable pricing solutions.
• Provide ad hoc case-level pricing support to underwriting
• Assist in implementing updates to pricing tools and processes based on emerging market trends and actuarial best practices.
• Support ad hoc projects related to pricing strategy and profitability analysis.
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What You'll Bring:
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field.
• Completion of at least 1 actuarial exam required; passing of 2 exams preferred.
• Strong analytical and problem-solving skills with attention to detail.
• Proficiency in Microsoft Excel.
• Ability to communicate complex concepts clearly and work effectively in a team environment.
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Preferred Qualifications
• Demonstrated progress toward ASA designation.
• Group insurance background preferable.
• Interest in pricing, underwriting, and product development within group insurance.
• Ability to manage multiple priorities and meet deadlines in a dynamic environment.

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Pay Transparency

Salary Range: $64,500-$90,000 

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: 92973