Corporate VP & Actuary

Job Requisition ID: 92414

Location Designation: Fully Onsite 

Location: 44 South Broadway, White Plains, New York 10601 (fully on-site)

Offered Wage: $203,900.32/year.

Duties: Supports all activities related to enterprise and business strategic investments, partnerships, and mergers & acquisitions (M&A) in the life insurance sector. Develops enterprise and business corporate development strategies that align with respective strategic priorities. Provides actuarial expertise and insight into and explains deviations from financial performance projections. Performs fundamental research, data gathering, and financial analyses of sectors, products, and businesses in support of the company's strategy and corporate development processes. Identifies and sources potential targets and strategic partners. Supports relationships with banks, advisors, and potential counterparties. Organizes and performs due diligence. Develops internal capabilities to execute corporate development and M&A, including producing appropriate playbooks. Coordinates with external resources in support of due diligence efforts, including actuarial and financial advisers. Develops communications to senior management and the board on strategy and merits or considerations of specific opportunities. Performs post-agreement integration planning and execution. Drives all aspects of corporate development process from start to finish. Manages project timing and deliverables with multiple constituents. Identifies and mitigates strategic and process-related risks to projects and workflows. Establishes collaborative and productive teamwork with multiple project constituents. Builds, performs error checks, and applies financial models. Coordinates teams for due diligence, including working with business units and enterprise functions. Supports internal alignment and transaction issue resolutions.

Education & Experience Requirements: Bachelor’s degree in Actuarial Science, Mathematics, Finance, Statistics or related field (willing to accept foreign education equivalent) and five (5) years of experience as an Actuary or related occupation working with pricing, reserving, or asset liability management (ALM) actuarial models for life insurance products, including generation of financial statements based on statutory accounting for a mutual life insurance company within the life insurance domain, or, alternatively, Master's degree in Actuarial Science, Mathematics, Finance, Statistics or related field (willing to accept foreign education equivalent) plus three (3) years of experience as an Actuary or related occupation working with pricing, reserving, or asset liability management (ALM) actuarial models for life insurance products, including generation of financial statements based on statutory accounting for a mutual life insurance company within the life insurance domain. Two years of experience required: Pricing long duration life insurance products according to product premiums, fees, statutory reserves, stochastic required capital construct, and policyholder benefits; Analyzing statutory reserves or capital leveraging National Association Insurance Commissioners (NAIC) regulatory requirements for life insurance products; Analyzing and interpreting cash flow testing or duration asset liability management (ALM) frameworks for long duration life insurance products to assess statutory reserve adequacy or in support of portfolio ALM calculations leveraging Prophet actuarial software; Modeling, projecting, and performing financial analysis of life insurance products profitability and distributable cash flows over the life of policies, including performing attribution analysis leveraging Prophet actuarial software to explain the movement of these metrics where needed and associated financial statements. Must possess Fellow of the Society of Actuaries (FSA) and Chartered Financial Analyst (CFA).

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: 92414