Director and Actuary (Strategy & Special Initiatives)
New Today
Director and Actuary (Strategy & Special Initiatives) Location Designation: Hybrid - 3 days per week
Our New York Life culture has laid the foundation for over 180 years ofmitment to our employees, agents, policy owners, and themunities where we live and work. Here you be a valued part of a weing, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.
As a Fortune 100pany and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.
You are our future, and wemit to investing in you accordingly.
This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.
Corporate Vice President & Actuary - ALM & Investment Strategy (Strategy and Special Initiatives)
When you join New York Life, you're joining apany that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of apany that ismitted to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-basedpany and appreciates how both virtual and in-person interactions support our culture.
Business Overview:
The ALM & Investment Strategy Team's mission at New York Life is to effectively partner with the business, finance, and asset management teams to research, develop, and implement Investment strategies that help meet business and financial objectives. These goals heavily depend on robust models and data.
What You'll Do:
Collaborate with the Actuarial Services, Business Units, Pricing, Risk, Finance, and OCIO Teams to analyze and manage thepany's ALM profile
Help develop ALM hedging strategies to optimize NYL balance sheet and earnings profile
Provide ALM modeling analysis and support for investment and hedging strategies
Work with the Investment Strategy team to develop pricing and reinvestment baskets in support of new business and inforce management
Develop frameworks in support of asset liability management
Support the ALM team leaders in calculating, aggregating and reporting of the NYL General Account ALM position
Perform periodic reviews of ALM metrics as well as the current methodologies
Help build and test investment strategies for new and existing products
Conduct research to support and expand ALM practices
What You'll Bring:
PF5 level, Strong PF4s will be considered
4+ years of experience in life insurance and/or annuities, preferably in ALM or related discipline
FSA designation in the Society of Actuaries highly desirable
CFA designation and/or investments experience a plus
Deep understanding of life insurance and/or annuity financials and modeling results
Ability to think strategically about ALM and investment strategy
Strong modeling, analytical, and technical skills
Prophet experience a plus
Python coding experience desired
Strong business partnering skills
Strongmunication (written and oral) skills, drafting and presenting different types of presentations to a wide variety of stakeholders
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Pay Transparency
Salary Range: $122,500-$210,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our 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 hereto discover more about ourprehensive benefit options or visit our NYL Benefits Site.
Ourmitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve ourmunities. We have a longstandingmitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across allmunities. Click here to learn more about New York Life's leadership in this space.
Recognized as one of Fortune's World's Most Admiredpanies, New York Life ismitted to improving localmunities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of NewYorkLife.
Visit our LinkedIn to see how our employees and agents are leading the industry and impactingmunities.
Visit our Newsroom to learn more about how ourpany is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 91939
About NY Life Insurancepany
Diversity & Humanity-two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years ofmitment to our employees, agents, policy owners, and themunities where we live and work. At New York Life you be a valued part of a weing, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.
As a Fortune 100pany and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.
You are our future, and wemit to investing in you accordingly.
Visit our Linkedin to see how our employees and agents are leading the industry and impactingmunities.
Visit our Newsroom to learn more about how ourpany is constantly evolving to meet our clients' and employees' needs.
Required Legal Notices - All Candidates Please Click Here Job ID 91939
- Location:
- New York