Corporate Vice President and Actuary
Location Designation: Fully Remote
This position is fully remote
Description:
The Actuarial Model Architecture and Development (AMAD) team is responsible for supporting the business areas enterprise wide with their Asset-Liability Modeling (ALM) and other forecasting modeling needs. AMAD develops and maintains models covering Valuation, Cash Flow Testing, Embedded Value, Stress Testing, RBC, Duration analysis and Economic Capital, Stress Testing, Pricing and Financial Planning. In addition to supporting the Prophet models, the team engages heavily in with the business units to understand prospective needs and advise on modeling approaches. This role offers interested candidates the opportunity to learn products and methods across every business within New York Life.
Responsibilities:
Responsibilities for this position place focus on the drive for continuous improvement from an operational perspective. A sample of the projects the role encompasses, but is not limited to, is as follows:
Candidate will be a key member of a finance team responsible for modeling, reporting and business analytics.
Prophet model conversions and model development based on centralized governance policy.
Modeling advanced product features and reinvestment / hedging methods.
Build business and corporate functionality into consolidated ALM models enabling enterprise-wide risk assessment.
Work with the business units to understand requested model changes, prioritization, execute test plans, and assist in model acceptance.
Implementation of Prophet Enterprise modules to support governance and process automation.
Implementation of the Single Platform functionality for Valuation, ALM and Pricing.
Document all changes and testing to the models.
Qualifications:
The AMAD team tests and implements many leading-edge techniques as a team. We are looking for people with the following skill set:
Proficient in FIS Prophet software for modeling, valuation, and financial reporting; experience with Prophet systems integration and customization.
Extensive experience in customizing Prophet models to meet specific business needs and regulatory requirements with a focus on ALS and US360 libraries.
Experience working within an actuarial enterprise technology environment.
Understanding of insurance products and the related risks.
Excellent relationship building and collaboration skills.
A self-starter with strong communication skills.
Excellent verbal and written communication skills to convey complex actuarial concepts to non-technical stakeholders.
Ability to organize complex processes, handle multiple tasks, and deal with shifting priorities, all within demanding time schedules.
Familiarity with Agile and Lean processes.
Strong execution and time management skills - ability to move multiple projects along under tight deadlines.
Ability to "think outside of the box" and work with leading edge non-traditional actuarial practices.
An energetic team player.
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Pay Transparency
Salary Range: $140,000-$225,000
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 work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities 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 www.NewYorkLife.com.
Job Requisition ID: 91319
About NY Life Insurance Company
Diversity & Humanity-two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, 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 100 company 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 we commit to investing in you accordingly.
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