Senior Actuarial Associate

Job Requisition ID: 93948 Location: Fully Onsite — 51 Madison Avenue, New York, NY 10010 Compensation: $160,000 - $212,200 per year. Overtime eligible: Exempt. No discretionary or sales bonus. Responsibilities 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 and 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 the Underwriting team. Develop pricing for new product features or new products as needed. Assist with onboarding/coordinating with students and/or interns. Education and Experience Requirements Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field (foreign education equivalent accepted). At least two years of experience as an actuary or related role analyzing insurance data, developing and maintaining models, optimizing pricing and risk management, and supporting compliance. Quantitative experience including: 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; 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. Employment Details Hybrid work arrangement: 3 days in office, 2 days remote. #J-18808-Ljbffr New York Life