Jobs · Finance · New York

ACTUARIAL ASSISTANT

New York Life · New York, NY · 1 mo ago
Finance$81k/yrFull-time

About the role

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.

Potential rotation placements may include responsibilities such as:

  • 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

Qualifications

  • Working towards FSA designation in the Society of Actuaries
  • Prefer passage of two or more Society of Actuaries exams
  • 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

Pay

Salary Range: $81,000–$115,500

Actual base salary will be determined based on several factors including individual’s experience, skills, qualifications, and job location. Employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Benefits

We provide a full package of benefits for employees, including leave programs, adoption assistance, and student loan repayment programs. Based on employee feedback, 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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