Actuarial Associate - 44034
New York Life Insurance Company (New York Life or the company) is the largest mutual life insurance company in the United States .
Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.
New York Life is one of the most financially strong and highly capitalized insurers in the business.
The company reported 2015 operating earnings of $1.
875 billion.
Total assets under management at year end 2015, with affiliates, totaled $528 billion.
New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies:
A.
M.
Best, A++; Fitch AAA; Moody's Aaa; Standard & Poor's AA+.
(Source:
Individual Third Party Ratings Report as of 8/11/15).
Financial strength, integrity and humanity-the values upon which New York Life was founded-have guided the company's decisions and actions for over 170 years.
Summary/ Purpose of Position We provide our actuarial analyst and associates with a broad background in both the theoretical and practical applications of actuarial science by combining challenging job assignments and significant support towards the completion of the actuarial exams.
In turn, we're looking for a candidate who has the desire to learn, seek leadership opportunities, and improve current processes.
Our goals is to hone future leaders for the company and we deliver on this goal by providing significant opportunities to improve business and leadership skills to our analysts that would enable their advancement through the company and prove valuable throughout their career.
This position is in our Austin Texas location, but we have potential opportunities for advancements in Austin and other New York Life locations upon superior performance in this role.
Duties and Responsibilities 100 Develop premiums and benefits for new and enhanced long-term care products.
Design new products and product features.
Project profitability of new and in force business.
Prepare studies of morbidity and mortality experience.
Review and analyze financial experience Analyze matching of assets and liabilities including developing optimal investment strategy.
Quantify company risk exposure and proposes ways to minimize risk Assist in the determination of dividend scales.
Perform actuarial research and statistical analyses.
Prepare presentations with summary results for management.
Able to effectively and succinctly communicate financial results.
Perform special projects as assigned.
Knowledge and Skills Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance Prefer cumulative GPA of 3.
0 or higher Strong communication and interpersonal skills Analytically minded Strong decision making abilities Superior Microsoft Excel, Word, and Powerpoint skills Prefer passage of one or more Society of Actuaries exams (working toward ASA/FSA designation in the Society of Actuaries) Prefer knowledge of modeling packages, programming languages, and spreadsheet/database software Decision-Making (Degree of Independence) Work is subject to approval on a regular basis.
Scope Accountability Responsible for providing accurate and timely information, as requested.
Supervisory Responsibility None Communications/Contacts Daily contact with NYL employees and management.
Experience N.
A.
SF:
LI-D1 SF:
EF-DI1 EOE M/F/D/V If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at:
576-5811.
Based on revenue as reported by Fortune 500, Ranked within Industries, Insurance:
Life, Health (Mutual), Fortune Magazine, June 15, 2015.
See for methodology.
1.
Operating earnings is the key measure use by management to track Company's profitability from ongoing operations and underlying profitability of the business.
This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.
2.
Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.
Actuarial Associate - 44034.
Estimated Salary: $20 to $28 per hour based on qualifications.
Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.
New York Life is one of the most financially strong and highly capitalized insurers in the business.
The company reported 2015 operating earnings of $1.
875 billion.
Total assets under management at year end 2015, with affiliates, totaled $528 billion.
New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies:
A.
M.
Best, A++; Fitch AAA; Moody's Aaa; Standard & Poor's AA+.
(Source:
Individual Third Party Ratings Report as of 8/11/15).
Financial strength, integrity and humanity-the values upon which New York Life was founded-have guided the company's decisions and actions for over 170 years.
Summary/ Purpose of Position We provide our actuarial analyst and associates with a broad background in both the theoretical and practical applications of actuarial science by combining challenging job assignments and significant support towards the completion of the actuarial exams.
In turn, we're looking for a candidate who has the desire to learn, seek leadership opportunities, and improve current processes.
Our goals is to hone future leaders for the company and we deliver on this goal by providing significant opportunities to improve business and leadership skills to our analysts that would enable their advancement through the company and prove valuable throughout their career.
This position is in our Austin Texas location, but we have potential opportunities for advancements in Austin and other New York Life locations upon superior performance in this role.
Duties and Responsibilities 100 Develop premiums and benefits for new and enhanced long-term care products.
Design new products and product features.
Project profitability of new and in force business.
Prepare studies of morbidity and mortality experience.
Review and analyze financial experience Analyze matching of assets and liabilities including developing optimal investment strategy.
Quantify company risk exposure and proposes ways to minimize risk Assist in the determination of dividend scales.
Perform actuarial research and statistical analyses.
Prepare presentations with summary results for management.
Able to effectively and succinctly communicate financial results.
Perform special projects as assigned.
Knowledge and Skills Bachelor's degree with preferred majors in Actuarial Science, Mathematics, Statistics, Engineering, Sciences, Economics, or Finance Prefer cumulative GPA of 3.
0 or higher Strong communication and interpersonal skills Analytically minded Strong decision making abilities Superior Microsoft Excel, Word, and Powerpoint skills Prefer passage of one or more Society of Actuaries exams (working toward ASA/FSA designation in the Society of Actuaries) Prefer knowledge of modeling packages, programming languages, and spreadsheet/database software Decision-Making (Degree of Independence) Work is subject to approval on a regular basis.
Scope Accountability Responsible for providing accurate and timely information, as requested.
Supervisory Responsibility None Communications/Contacts Daily contact with NYL employees and management.
Experience N.
A.
SF:
LI-D1 SF:
EF-DI1 EOE M/F/D/V If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at:
576-5811.
Based on revenue as reported by Fortune 500, Ranked within Industries, Insurance:
Life, Health (Mutual), Fortune Magazine, June 15, 2015.
See for methodology.
1.
Operating earnings is the key measure use by management to track Company's profitability from ongoing operations and underlying profitability of the business.
This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.
2.
Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.
Actuarial Associate - 44034.
Estimated Salary: $20 to $28 per hour based on qualifications.
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