Job Requisition ID: 93948
Location Designation: Fully Onsite
Location: 51 Madison Avenue, New York, New York 10010
Offered Wage: $160,000.00 - $212,200.00/year
Duties: Conduct experience studies to analyze historical data on insurance claims, policyholder demographics, and incidence rates. Develop and maintain statistical models to assess the accuracy of actuarial assumptions and evaluate the performance of insurance products. Collaborate with actuaries, underwriters, and other stakeholders to understand business objectives and identify areas for improvement in pricing, risk management. Interpret study results to provide insights into emerging trends, potential risks, and opportunities for optimization. Prepare reports and presentations summarizing findings from experience studies and communicate recommendations to senior management and other stakeholders. Assist in the development of actuarial models and tools to support pricing. Stay current with industry trends, regulatory developments, and best practices in actuarial science, and apply this knowledge to enhance analysis techniques and methodologies. Provide support for regulatory filings, audits, and other compliance-related activities as needed. Perform actuarial research and statistical analyses. Work closely with and provide case-specific pricing support for our Underwriting team. Develop pricing for new product features or new products as needed. Assist with onboarding/coordinating with students and/or interns.
Education & Experience Requirements: Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field (willing to accept foreign education equivalent) plus two (2) years of experience as an Actuary or related role analyzing insurance data, developing and maintaining models, optimizing pricing and risk management, and supporting compliance. Experience must include (quantitative experience requirements not applicable to this section): Utilizing SQL, Python, Excel, and Tableau to clean, analyze, and visualize data; Monitoring and updating assumptions for life, health, or annuity products; Performing actuarial pricing and modeling of liabilities for life, health, or annuity products; and Interacting with senior management, product managers, underwriters, other actuaries, and IT to clarify technical actuarial topics to both technical and non-technical audiences. Must possess Associate of the Society of Actuaries (ASA) designation or be working toward an ASA designation. Up to 5% domestic travel required. Hybrid - 3 days in office/2 days remote. Eligible for Employee Referral Program. To apply, visit https://jobs.newyorklife.com/ and search job title.
Pay Transparency
Overtime eligible: Exempt
Discretionary bonus eligible: No
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 hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Job Requisition ID: 93948
