Senior Associate, Actuarial

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 OR New York, NY

• 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.
• 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.
• 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.

• 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.

• 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. 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.

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.

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs,…