Posted: Sunday, March 5, 2017 10:27 AM
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.
This position is on the New York Life Direct Pricing Team, and will help create pricing models, perform profitability analysis, help set appropriate pricing assumptions, and perform other ad hoc requests as necessary.
:Create and maintain actuarial pricing models
:Support pricing, design, and testing of new products and work with implementation teams
:Help develop the profit objectives including modeling of premiums to meet these objectives
:Support effort to develop mortality, lapse, and other assumptions used in pricing
:Contribute to strategies for improving the performance of the in:force business
:Support coordination and development of the junior actuarial staff within the team
:Support regulatory requirements including filing of actuarial memorandums needed for new and/or updated products
:Perform actuarial reviews of marketing materials for research and development of new issues
:Educate peers on pricing issues and process
:Experience with term and whole life insurance products
:Experience with simplified underwriting and direct marketing life insurance a plus
:Experience using actuarial modeling software
: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
:Fellow of the Society of Actuaries
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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 Insurance Company.
• Location: tampa
• Post ID: 29709177 tampa