Senior Associate

New York Life Insurance-posted 1 day ago
$90,000 - $105,000/Yr
Full-time • Mid Level
Hybrid • White Plains, NY
5,001-10,000 employees
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New York Life is seeking a capable Associate to join the GMAD Actuarial Valuation team. This role supports valuation activities for Life, Disability, and Accident & Health products, with a focus on data validation, model execution, and report preparation. The Senior Associate works closely with senior actuaries, Account Management, Finance, and other actuarial teams to ensure timely and accurate statutory and management reporting. Location of role can either be: 1) White Plains, NY OR New York, NY

  • Assist with quarterly and annual statutory and management valuation processes for Life, Disability, and A&H business lines.
  • Support data collection, validation, and reconciliation from third-party administrators (TPAs).
  • Run actuarial models and assist with troubleshooting to ensure accurate reserve calculations.
  • Help summarize valuation results and contribute to documentation for internal reporting.
  • Assist with off-cycle reserve calculations to meet policyholder reporting needs, support GMAD pooling and reinsurance requirements, and producing projections for financial planning.
  • Support premium rate implementation tasks in systems like PRASE, including configuration testing and deployment of rates across multiple insurance products (Life, Health, Disability).
  • Assist with translating pricing specifications into system inputs under direction from senior staff.
  • Participate in system testing with cross-functional teams (Account Management, IT, and QA) and track issues during deployments.
  • Help monitor system output post-deployment and troubleshoot issues as needed, working closely with developers and testers to resolve discrepancies.
  • Work with Account Management, IT, and actuarial teams to align on data inputs, assumptions, and reporting timelines.
  • Attend cross-functional meetings to stay aligned with project updates and requirements.
  • Communicate clearly and professionally with internal stakeholders on assigned deliverables.
  • Bachelor’s degree in Mathematics, Statistics, Finance, Data Science, or a related analytical field.
  • 2–5 years of experience in actuarial, financial, or analytical roles within insurance (Life, Disability, or A&H preferred).
  • Strong attention to detail and organizational skills.
  • Ability to manage multiple concurrent deadlines and deliverables in a fast-paced, cyclical release environment.
  • Comfortable working in structured systems such as JIRA and adhering to defined release processes.
  • Experience with Prophet actuarial software is strongly preferred.
  • Experience with valuation systems, rate-coding tools, or systems-oriented processes is highly desirable.
  • 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.
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