Job Requisition ID:90970
Location Designation:Hybrid - 3 days per week
We provide our actuarial trainees with a broad background in both the theoretical and practical applications of actuarial science by combining challenging rotating job assignments and significant support towards the completion of the actuarial exams. We also provide significant opportunities to improve business and leadership skills that will enable advancement through the company and prove valuable throughout one's career.
Responsibilities include:
* Develops premiums and benefits for new and enhanced insurance and annuity products
* Designs new products and product features
* Projects profitability generated by Company's products
* Prepares studies of financial experience
* Analyzes matching of assets and liabilities including developing optimal investment strategy
* Quantifies company risk exposure and proposes ways to minimize risk
* Assists in the determination of dividend scales
* Performs actuarial research and statistical analyses
* Performs special projects as assigned
Qualifications:
* Preferred ASA or near ASA working toward FSA designation in the Society of Actuaries
* Passage of three or more Society of Actuaries Exams required
* 2+ years of prior full-time actuarial or analytical experience
* Prefer cumulative GPA of 3.0 or higher
* Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance
* Strong communication and interpersonal skills
* Analytically minded
* Strong decision making abilities
* Knowledge of modeling packages, programming languages, and spreadsheet/database software
Please note:If entering an international address in the online application, please use NY as the state as this is a required field in order to submit your application
Pay Transparency
Salary Range:$85,000 - $125,000
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 theFoundation.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.
Job Requisition ID:90970