The role involves developing and enhancing actuarial models using Prophet, testing, documentation, and collaboration with multiple departments to improve financial reporting processes.
Location Designation: Fully Remote
Position Summary:
The Senior Associate will serve as a key contributor in the development and enhancement of actuarial models using Prophet. This role requires advanced technical expertise, independent problem-solving, and the ability to translate complex business requirements into robust modeling solutions. The individual will collaborate across functions and play a significant role in model governance, financial reporting, and process improvement.
What You'll Do:• Independently develop, enhance, and maintain Prophet actuarial models for valuation, projections, and scenario analysis• Interpret business and regulatory requirements and translate them into model design and implementation• Perform complex model testing, validation, and documentation in accordance with model governance standards• Analyze model outputs and provide actionable insights to support financial reporting and business decisions• Collaborate with Finance, Risk, and IT partners to implement model changes and improve end-to-end processes• Identify and lead initiatives to improve model efficiency, automation, and controls• Apply advanced actuarial judgment in assumption setting, experience studies, and sensitivity testing• Serve as a technical resource to junior team members; may provide guidance and informal mentorship• Contribute to cross-functional projects and support audits, regulatory reviews, and model governance activities
What You'll Bring:• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field• ASA (or near ASA) strongly preferred; progress toward FSA is a plus• 6+ years of actuarial experience, preferably in life insurance or annuities• Strong hands-on experience with Prophet modeling software (required)• Advanced Excel skills; experience with VBA, SQL, Python, or similar tools preferred
Pay Transparency
Salary Range: $111,500-$159,000
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.
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.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
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. Click here to learn more about New York Life's leadership in this space.
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.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 93658
Position Summary:
The Senior Associate will serve as a key contributor in the development and enhancement of actuarial models using Prophet. This role requires advanced technical expertise, independent problem-solving, and the ability to translate complex business requirements into robust modeling solutions. The individual will collaborate across functions and play a significant role in model governance, financial reporting, and process improvement.
What You'll Do:• Independently develop, enhance, and maintain Prophet actuarial models for valuation, projections, and scenario analysis• Interpret business and regulatory requirements and translate them into model design and implementation• Perform complex model testing, validation, and documentation in accordance with model governance standards• Analyze model outputs and provide actionable insights to support financial reporting and business decisions• Collaborate with Finance, Risk, and IT partners to implement model changes and improve end-to-end processes• Identify and lead initiatives to improve model efficiency, automation, and controls• Apply advanced actuarial judgment in assumption setting, experience studies, and sensitivity testing• Serve as a technical resource to junior team members; may provide guidance and informal mentorship• Contribute to cross-functional projects and support audits, regulatory reviews, and model governance activities
What You'll Bring:• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field• ASA (or near ASA) strongly preferred; progress toward FSA is a plus• 6+ years of actuarial experience, preferably in life insurance or annuities• Strong hands-on experience with Prophet modeling software (required)• Advanced Excel skills; experience with VBA, SQL, Python, or similar tools preferred
Pay Transparency
Salary Range: $111,500-$159,000
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.
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.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
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. Click here to learn more about New York Life's leadership in this space.
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.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 93658
Top Skills
Excel
Prophet
Python
SQL
VBA
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