ACTUARIAL ASSOCIATE
New York Life•New York, NY
•$100,000 - $143,000•Hybrid
About The Position
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.
Requirements
- 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 software
Nice To Haves
- Preferred near ASA with intention to work towards FSA designation in the Society of Actuaries
Responsibilities
- Developing premiums and benefits for new and enhanced insurance and annuity products
- Designing new products and product features
- Monitoring experience and developing modeling assumptions
- Calculating reserves and reporting actuarial balances
- Projecting product profitability and analyzing drivers of financial performance
- Quantifying risk exposure and proposing ways to manage risk
- Special projects as assigned
Benefits
- leave programs
- adoption assistance
- student loan repayment programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
