Posted: Monday, March 6, 2017 6:15 PM
New York Life Insurance Company ("New York Life" or "the company") is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.
New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2015 operating earnings of 1.875 billion. Total assets under management at year end 2015, with affiliates, totaled 528 billion. New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody's Aaa; Standard and Poor's AA+. (Source: Individual Third Party Ratings Report as of 8/11/15).
Financial strength, integrity and humanity-the values upon which New York Life was founded-have guided the company's decisions and actions for over 170 years.
The CVP and Actuary of the forecasting unit of the Actuarial department will lead much of the actuarial modeling efforts to support financial plan, value of new business, marketing allowables and new business profitability analysis. The position will work closely with Marketing and Finance to develop the marketing and financial plans, and to evaluate ways to optimize financial outcomes.
:Manage Actuarial Forecasting Team consisting of 2:3 members
:Work closely with counterparts in Finance, Marketing and Actuarial to produce well thought out forecast results
:Support strategic analysis through financial scenario development and communication
:Ensure accurate, efficient modeling of direct to market life insurance products
:Understand profitability targets and ensure new business meets requirements
:Present and defend forecasts and analysis to NYL Senior Management
:Support Experience Studies and Analytics team in ensuring appropriate assumption development
:Manage talent and develop team
:Life products modeling and projection experience required
:Experience with actuarial software programs such as MG:ALFA or Prophet
:Experience with simplified underwriting and direct market life insurance a plus
:Strong and effective communication skills, both written and verbal; ability to present to senior leaders, as well as peers, in a clear manner, fostering dialogue and helping to drive decisions; ability to communicate technical, actuarial concepts in an easy to understand manner
:Ability to build relationships and collaborate effectively, both internally to NYL Direct and within the broader NYL organization
:Strong management skills
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*Based on revenue as reported by "Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual)," Fortune Magazine, June 15, 2015. See fortune/fortune500/2015/ for methodology.
1. Operating earnings is the key measure use by management to track Company's profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.
2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insuranc
• Location: Tampa
• Post ID: 30389958 tampa