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Position: Senior Actuarial Associate
Institution: New York Life Insurance Company
Location: New York City, New York, United States
Duties: Performs actuarial pricing for Group Benefits Solutions products, including Life, Accident, Long Term Disability, Short Term Disability, and Absence products and services. Works with Underwriters to develop proper rate adjustments based on client risk profiles, special plan designs, and considerations from profitability, market competitiveness, and market strategic recommendations. Performs case-specific risk assessments to develop appropriate premium rates for a given risk to support the market’s growth and profitability goals
Requirements: Bachelor's degree in Economics, Finance, Statistics, Mathematics or Actuarial Science (willing to accept foreign education equivalent) plus three (3) years of experience performing actuarial services for insurance or annuity products
   
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Date: Jul 12, 2023 Location: New York, NY, US Company: New York Life Insurance Co Job Requisition ID: 89246 Location Designation: Employer : New York Life Insurance Company Job Title : Senior Actuarial Associate Location : New York, New York Offered Wage : $160,700.00/year Duties : Duties : Performs actuarial pricing for Group Benefits Solutions products, including Life, Accident, Long Term Disability, Short Term Disability, and Absence products and services. Works with Underwriters to develop proper rate adjustments based on client risk profiles, special plan designs, and considerations from profitability, market competitiveness, and market strategic recommendations. Performs case-specific risk assessments to develop appropriate premium rates for a given risk to support the market’s growth and profitability goals. Develops and maintains group benefit products pricing actuarial models using Excel and VBA and actuarial and statistical analysis tools in Python, R, and SQL. Develops strategic pricing recommendations related to market competition, products, and pricing. Communicates complex technical actuarial topics and analyses to both technical and non-technical audiences. Education & Experience Requirements: Bachelor's degree in Economics, Finance, Statistics, Mathematics or Actuarial Science (willing to accept foreign education equivalent) plus three (3) years of experience performing actuarial services for insurance or annuity products. Required Certifications & Skills: Must possess Associate of the Society of Actuaries (ASA) certification Experience must include 2 years in each of the following skills: 1) Performing pricing development and modeling of group benefit product liability projections; 2) Analyzing data, developing actuarial assumptions, and performing actuarial calculations according to professional Actuarial Standards of Practice (ASOP); 3) Preparing studies of financial experience by performing actuarial research and statistical analyses; 4) Advising Underwriting and Sales stakeholders concerning pricing strategy while utilizing a strong foundational knowledge of Group Benefit Life and Disability products; and, 5) Interacting with Accountants, senior management, Valuation Actuaries, legal, and IT to clarify technical actuarial topics to both technical and non-technical audiences. Eligible for Employee Referral Program Overtime eligible: Exempt Discretionary bonus eligible: No Sales bonus eligible: No Click here to learn more about our benefits . Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required. Nearest Major Market: Manhattan Nearest Secondary Market: New York City Job Segment: Accounting, Actuarial, Statistics, Liability, SQL, Finance, Insurance, Data, Technology APPLY NOW » APPLY NOW Apply Now Start apply with LinkedIn Start Please wait... Find similar jobs: Underwriter Jobs in New York City, SQL Jobs in New York City, Database Jobs in New York City, Actuarial Jobs in New York City, Actuarial Jobs Terms of use Privacy Policy California Employment Privacy Notice Disability Accommodations New York Life is an Equal Opportunity Employer - M/F/Veteran/Disability/Sexual Orientation/Gender Identity Cookie Preference Center/Do Not Sell or Share My Personal Information © 2019 New York Life Insurance Company, New York, NY. All rights reserved. × Cookie Consent Manager We use cookies as necessary to allow the website to function, to offer you the best possible website experience, and to display content and advertisements tailored to your interests. You can enable or disable certain cookies listed below using the toggles and then clicking Confirm My Choice. Your cookie preferences will be stored in your browser’s local storage until you clear your cache and cookies on your browser. 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