Senior Actuarial Associate

Job Requisition

Location:

Fully Onsite — 51 Madison Avenue, New York, NY 10010

Compensation: $160,000 - $212,200 per year. Overtime eligible:
Exempt. No discretionary or sales bonus.

• Conduct experience studies to analyze historical data on insurance claims, policyholder demographics, and incidence rates.
• Develop and maintain statistical models to assess the accuracy of actuarial assumptions and evaluate the performance of insurance products.
• Collaborate with actuaries, underwriters, and other stakeholders to understand business objectives and identify areas for improvement in pricing and risk management.
• Interpret study results to provide insights into emerging trends, potential risks, and opportunities for optimization.
• Prepare reports and presentations summarizing findings from experience studies and communicate recommendations to senior management and other stakeholders.
• Assist in the development of actuarial models and tools to support pricing.
• Stay current with industry trends, regulatory developments, and best practices in actuarial science, and apply this knowledge to enhance analysis techniques and methodologies.
• Provide support for regulatory filings, audits, and other compliance-related activities as needed.
• Perform actuarial research and statistical analyses.
• Work closely with and provide case-specific pricing support for the Underwriting team.
• Develop pricing for new product features or new products as needed.
• Assist with onboarding/coordinating with students and/or interns.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field (foreign education equivalent accepted).
• At least two years of experience as an actuary or related role analyzing insurance data, developing and maintaining models, optimizing pricing and risk management, and supporting compliance.
• Quantitative experience including: utilizing SQL, Python, Excel, and Tableau to clean, analyze, and visualize data; monitoring and updating assumptions for life, health, or annuity products; performing actuarial pricing and modeling of liabilities for life, health, or annuity products; interacting with senior management, product managers, underwriters, other actuaries, and IT to clarify technical actuarial topics to both technical and non-technical audiences.
• Must possess Associate of the Society of Actuaries (ASA) designation or be working toward an ASA designation.
• Up to 5% domestic travel required.

• Hybrid work arrangement: 3 days in office, 2 days remote.