Associate - Actuarial Services

New York Life Insurance • Philadelphia, PA

13d • $64,500 - $90,000 • Hybrid

About The Position

The Actuarial Services role will support pricing initiatives for group insurance products within the GBS business unit. This position will offer experience and exposure to actuarial work and provide support to the actuarial function, focusing on pricing methodologies, rate development, and analysis. The role involves collaboration with underwriting and broader finance teams to deliver competitive and profitable pricing solutions.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field.
• Completion of at least 1 actuarial exam required; passing of 2 exams preferred.
• Strong analytical and problem-solving skills with attention to detail.
• Proficiency in Microsoft Excel.
• Ability to communicate complex concepts clearly and work effectively in a team environment.

Nice To Haves

• Demonstrated progress toward ASA designation.
• Group insurance background preferable.
• Interest in pricing, underwriting, and product development within group insurance.
• Ability to manage multiple priorities and meet deadlines in a dynamic environment.

Responsibilities

• Develop and maintain pricing models for group insurance products, ensuring alignment with NYL standards and regulatory requirements.
• Analyze experience data and trends to support rate development and assumption setting.
• Prepare pricing exhibits and documentation for internal stakeholders and regulatory filings.
• Collaborate with underwriting, product, finance, and other actuarial colleagues to deliver competitive and profitable pricing solutions.
• Provide ad hoc case-level pricing support to underwriting
• Assist in implementing updates to pricing tools and processes based on emerging market trends and actuarial best practices.
• Support ad hoc projects related to pricing strategy and profitability analysis.

Benefits

• We 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees