Corporate Vice President & Actuary, Investment Strategy & ALM - Insurance Finance (Hempstead)

  • Hempstead, NY

Compensation

: $153,865.00 - $153,865.00 /year *

Employment Type

: Full-Time

Industry

: Financial Services - Insurance



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EOE M/F/D/V
Corporate Vice President & Actuary, Investment Strategy & ALM - Insurance Finance. A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It's a career journey you can be proud of, and you'll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses \"Be Good At Life.\" To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.. The Investment Strategy & ALM team is responsible for decision-making and analysis concerning the assets backing the company's varied liability products. This role involves exposure to and collaboration with business leaders throughout the insurance businesses.. The actuary in this role will develop a deep understanding of the methods and processes used to match assets to our products and will build further insight into the liability products themselves, interpreting and relaying both stochastic and deterministic ALM analysis for business leaders. The actuary will work primarily with life, LTC, membership, and direct businesses but will also have some exposure to the annuity/investments businesses.. Responsibilities. Investigate the interactions of assets and liabilities to help business leaders understand how investment strategy affects our financial results.. Interpret the results of ALM models and duration reporting to develop quantitative and qualitative descriptions of our current and projected ALM positioning.. Design and manage actuarial models that perform ALM analysis.. Perform and interpret ALM sensitivity tests to inform management regarding potential changes to investment strategy and the design of the liabilities that we issue.. Assist product teams in developing product features, as well as translating asset assumptions and income projections into liability earned rates and crediting rates assumptions.. Inform business units on their unique ALM positioning and hear feedback that will help to steer future analysis and decision-making processes.. Qualifications. FSA with knowledge of ALM modeling and life insurance products, especially their cashflow characteristics. Prophet experience preferred.. Strong project management skills as well as technical and modeling experience.. Self-starter and energetic team player with strong written and oral communication skills, including relationship building and collaboration skills. Ideal candidate will be able to influence decision-making.. Ability to convey technical concepts to non-technical audience.. Ability to \"think outside of the box\" and come up with innovative solutions to investment strategy problems.. Strong execution and time management skills - ability to move multiple projects along under shifting priorities and demanding time schedules.. Team-oriented with a strong sense of ownership and accountability.. Location: HO. #LI -MM1. 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: (212) ###-####.. New York Life Insurance has been providing life insurance policies in the Big Apple since it was a tiny seed. While the top mutual life i...
Associated topics: actuarial analyst, actuarial assistant, actuarial consultant, actuary consultant, analyst, cost, life actuary, model, probability, retirement actuary

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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