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Form of workLocation Designation: Remote
When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed 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-based company and appreciates how both virtual and in-person interactions support our culture.
This position is fully remote.
The Actuarial Operations Departmentis looking for a person at the Senior Associate (PF3) level to join theModel Staging & Production team.
Description:
The Model Staging & Production Team is responsible for producing Asset-Liability Management (ALM), Valuation, and other financial projection results using Prophet Enterprise actuarial models. In addition to production of results, the team supports updates to data inputs, job configurations, and change documentation associated with Prophet actuarial models used for financial reporting at New York Life. The team also engages with stakeholders to understand their prospective needs and provide updates to results in a controlled environment.
This role offers interested candidates the opportunity to gain exposure to actuarial modeling operations for the many types of life insurance and annuity products at New York Life. The Actuarial Technician will also develop skills to support process standardization and automation efforts alongside the actuarial IT team. If you want to work on problems that dominate actuarial modeling discussions today, and develop skills that will be invaluable tomorrow, this may be the role for you.
Responsibilities:
The Actuarial Technician will be responsible for updating and maintaining actuarial input data using both Table Manager and Assumption Manager within the Prophet Enterprise environment. The role will require frequent configuration and execution of Prophet jobs for testing and reporting purposes with the goal of runtime and cost optimization. The Actuarial Technician will also engage with actuaries who use the model to understand their needs and to implement controlled changes within a request-based framework that adheres to model governance standards.
The results produced by the Model Staging & Production Team is in high demand, with requests for modeling support coming from several actuarial teams throughout the company. A drive for continuous improvement and identifying operational inefficiencies will be highly valued for this role. Examples of tasks the Actuarial Technician may be responsible for include:
- Update model input data, configure, and execute jobs within Prophet Enterprise
- Document model changes and provide a reasonableness review of results
- Support current and future automation initiatives in collaboration with IT teams
- Determine runtime costs and track runtime efficiency of actuarial models
- Collaborate with actuaries to implement data changes, new products, and modeling processes
Qualifications:
- Bachelor's degree or equivalent work experience required
- Strong technical skills and attention to detail required
- Experience with the FIS Prophet Suite such as Professional and Enterprise is preferred
- Proficiency with Microsoft Excel, Word, and VBA is preferred
- Financial services, data management, or previous actuarial experience is a plus
This position is fully remote.
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Salary range: $72,500-$107,500
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.
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. 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.
Job Requisition ID: 89696
