ACTUARIAL ASSOCIATE

Actuarial Development Program RoleLocation Designation: Hybrid - 3 days per weekWhen you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.Role Overview:This role is part of the actuarial development program. We provide our actuarial trainees with a broad background in both theoretical and practical applications of actuarial science by combining rotating job assignments with support towards the completion of the actuarial exams. We also provide significant opportunities to improve business and leadership skills that enable advancement through the company and prove valuable throughout one's career.Potential rotation placements may include responsibilities such as:Developing premiums and benefits for new and enhanced insurance and annuity productsDesigning new products and product featuresMonitoring experience and developing modeling assumptionsCalculating reserves and reporting actuarial balancesProjecting product profitability and analyzing drivers of financial performanceQuantifying risk exposure and proposing ways to manage riskSpecial projects as assignedQualifications:• Preferred near ASA with intention to work towards FSA designation in the Society of Actuaries• Passage of three or more Society of Actuaries Exams required• 2+ years of prior full-time actuarial experience• Bachelor's degree with preferred majors in Actuarial Science, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance• Prefer cumulative GPA of 3.0 or higher• Strong communication and interpersonal skills• Analytically minded• Strong decision making abilities• Knowledge of modeling packages, programming languages, and spreadsheet/database softwareJob Level: LEVELPF3Pay TransparencySalary Range: $100,000-$143,000Overtime eligible: ExemptDiscretionary bonus eligible: YesSales bonus eligible: NoActual 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 BenefitsWe 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.Our Commitment to InclusionAt 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.