Actuarial Associate - Financial Planning and Analysis

New York Life•White Plains, NY

5d•Onsite

About The Position

This role involves collecting, validating, and maintaining complex financial and operational data to ensure accuracy and integrity of results. The Actuarial Associate will organize and structure large datasets for analysis and reporting, perform quantitative analyses including present and future value calculations, and assess premiums, reserves, liabilities, profits, and cash flows. The position requires preparing studies of financial experience, applying actuarial and financial modeling techniques, and developing/enhancing reporting and data visualization tools. Responsibilities also include analyzing financial results, identifying risks, validating assumptions, performing actuarial research, and undertaking special projects as assigned.

Requirements

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field (willing to accept foreign education equivalent).
Two (2) years of experience as an Actuarial Associate, Actuarial Associate – Financial Planning and Analysis or related occupation driving product implementation, enhancing valuation systems, validating reserves, and streamlining reporting and assumption analyses.
Experience building, maintaining, and interpreting financial templates and visualizations, including income statements and balance sheets, primarily using Excel.
Experience working with large and complex data sets to generate actuarial insights, performing regular data validation, reconciliation, and updates to ensure accuracy and integrity.
Experience developing and maintaining financial and actuarial models incorporating actuarial assumptions including mortality, lapse, reserve.
Experience developing and maintaining financial and actuarial models incorporating actuarial assumptions for mortality, lapse, interest, sales, and Value of New Business (VNB).
Experience evaluating financial and actuarial results to assess risk, profitability, and business implications.
Experience reporting actuarial insights effectively through reports, presentations, and professional documentation, emphasizing clarity, risk analysis, and business impact.
Must have passed at least 4 actuarial exams.
Must be actively pursuing ASA and FSA.

Responsibilities

Collect, validate, and maintain complex financial and operational data to ensure accuracy, timeliness, and integrity of results.
Organize and structure large datasets to enable analysis and accessibility for financial and actuarial reporting.
Perform quantitative analyses, including present and future value calculations, assessment of premiums, reserves, liabilities, profits, and cash flows across insurance products.
Prepare studies of financial experience.
Apply actuarial and financial modeling techniques to evaluate financial performance and prepare analyses for senior management.
Develop, enhance, and maintain reporting and data visualization tools (e.g., Tableau, SQL, Excel) to support financial and actuarial modeling processes.
Design and validate templates and automated tools to ensure accuracy of key performance metrics.
Analyze and interpret financial results, identify risks, and validate underlying assumptions in support of strategic and regulatory decision-making.
Perform actuarial research and statistical analyses.
Perform special projects as assigned.