New York Life Insurance
Senior Associate, Actuarial Support
New York Life Insurance, White Plains, New York, United States
Senior Associate, GMAD Actuarial
Location Designation: Hybrid - 3 days per week
Location: Hybrid – 3 days On Site; White Plains, NY or NYC Home Office
Key Objective New York Life is seeking a capable Associate to join the GMAD Actuarial Valuation team. This role supports valuation activities for Life, Disability, and Accident & Health products, with a focus on data validation, model execution, and report preparation. The Senior Associate works closely with senior actuaries, Account Management, Finance, and other actuarial teams to ensure timely and accurate statutory and management reporting.
Location of role can either be:
White Plains, NY
New York, NY
Major Responsibilities
Assist with quarterly and annual statutory and management valuation processes for Life, Disability, and A&H business lines.
Support data collection, validation, and reconciliation from third‑party administrators (TPAs).
Run actuarial models and assist with troubleshooting to ensure accurate reserve calculations.
Help summarize valuation results and contribute to documentation for internal reporting.
Assist with off‑cycle reserve calculations to meet policyholder reporting needs, support GMAD pooling and reinsurance requirements, and produce projections for financial planning.
Technical & Systems Support
Support premium rate implementation tasks in systems like PRASE, including configuration testing and deployment of rates across multiple insurance products (Life, Health, Disability).
Assist with translating pricing specifications into system inputs under direction from senior staff.
Participate in system testing with cross‑functional teams (Account Management, IT, and QA) and track issues during deployments.
Help monitor system output post‑deployment and troubleshoot issues as needed, working closely with developers and testers to resolve discrepancies.
Collaboration & Team Coordination
Work with Account Management, IT, and actuarial teams to align on data inputs, assumptions, and reporting timelines.
Attend cross‑functional meetings to stay aligned with project updates and requirements.
Communicate clearly and professionally with internal stakeholders on assigned deliverables.
Qualifications & Experience
Bachelor’s degree in Mathematics, Statistics, Finance, Data Science, or a related analytical field.
2–5 years of experience in actuarial, financial, or analytical roles within insurance (Life, Disability, or A&H preferred).
Experience with Prophet actuarial software is strongly preferred.
Experience with valuation systems, rate‑coding tools, or systems‑oriented processes is highly desirable.
Strong attention to detail and organizational skills.
Ability to manage multiple concurrent deadlines and deliverables in a fast‑paced, cyclical release environment.
Comfortable working in structured systems such as JIRA and adhering to defined release processes.
Pay Transparency Salary Range: $90,000 - $105,000
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. Employees are also eligible for an annual discretionary bonus.
Company Overview At New York Life, our 180‑year legacy of purpose and integrity fuels our future. As we evolve into a more technology‑, data‑, and AI‑enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem‑solving, and purpose‑driven innovation. Here, you’ll find the rare balance of long‑standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.
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.
Our Commitment to Inclusion At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment 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 all communities.
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: 93051
#J-18808-Ljbffr
Location: Hybrid – 3 days On Site; White Plains, NY or NYC Home Office
Key Objective New York Life is seeking a capable Associate to join the GMAD Actuarial Valuation team. This role supports valuation activities for Life, Disability, and Accident & Health products, with a focus on data validation, model execution, and report preparation. The Senior Associate works closely with senior actuaries, Account Management, Finance, and other actuarial teams to ensure timely and accurate statutory and management reporting.
Location of role can either be:
White Plains, NY
New York, NY
Major Responsibilities
Assist with quarterly and annual statutory and management valuation processes for Life, Disability, and A&H business lines.
Support data collection, validation, and reconciliation from third‑party administrators (TPAs).
Run actuarial models and assist with troubleshooting to ensure accurate reserve calculations.
Help summarize valuation results and contribute to documentation for internal reporting.
Assist with off‑cycle reserve calculations to meet policyholder reporting needs, support GMAD pooling and reinsurance requirements, and produce projections for financial planning.
Technical & Systems Support
Support premium rate implementation tasks in systems like PRASE, including configuration testing and deployment of rates across multiple insurance products (Life, Health, Disability).
Assist with translating pricing specifications into system inputs under direction from senior staff.
Participate in system testing with cross‑functional teams (Account Management, IT, and QA) and track issues during deployments.
Help monitor system output post‑deployment and troubleshoot issues as needed, working closely with developers and testers to resolve discrepancies.
Collaboration & Team Coordination
Work with Account Management, IT, and actuarial teams to align on data inputs, assumptions, and reporting timelines.
Attend cross‑functional meetings to stay aligned with project updates and requirements.
Communicate clearly and professionally with internal stakeholders on assigned deliverables.
Qualifications & Experience
Bachelor’s degree in Mathematics, Statistics, Finance, Data Science, or a related analytical field.
2–5 years of experience in actuarial, financial, or analytical roles within insurance (Life, Disability, or A&H preferred).
Experience with Prophet actuarial software is strongly preferred.
Experience with valuation systems, rate‑coding tools, or systems‑oriented processes is highly desirable.
Strong attention to detail and organizational skills.
Ability to manage multiple concurrent deadlines and deliverables in a fast‑paced, cyclical release environment.
Comfortable working in structured systems such as JIRA and adhering to defined release processes.
Pay Transparency Salary Range: $90,000 - $105,000
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. Employees are also eligible for an annual discretionary bonus.
Company Overview At New York Life, our 180‑year legacy of purpose and integrity fuels our future. As we evolve into a more technology‑, data‑, and AI‑enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem‑solving, and purpose‑driven innovation. Here, you’ll find the rare balance of long‑standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.
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.
Our Commitment to Inclusion At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment 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 all communities.
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: 93051
#J-18808-Ljbffr