Corporate Vice President and Actuary

Location Designation: Fully Remote 

 

This position is fully remote

 

Description:

 

The Actuarial Model Architecture and Development (AMAD) team is responsible for supporting the business areas enterprise wide with their Asset-Liability Modeling (ALM) and other forecasting modeling needs. AMAD develops and maintains models covering Valuation, Cash Flow Testing, Embedded Value, Stress Testing, RBC, Duration analysis and Economic Capital, Stress Testing, Pricing and Financial Planning. In addition to supporting the Prophet models, the team engages heavily in with the business units to understand prospective needs and advise on modeling approaches. This role offers interested candidates the opportunity to learn products and methods across every business within New York Life.

 

Responsibilities:

 

Responsibilities for this position place focus on the drive for continuous improvement from an operational perspective. A sample of the projects the role encompasses, but is not limited to, is as follows:

 

• Candidate will be a key member of a finance team responsible for modeling, reporting and business analytics.
• Prophet model conversions and model development based on centralized governance policy.
• Modeling advanced product features and reinvestment / hedging methods.
• Build business and corporate functionality into consolidated ALM models enabling enterprise-wide risk assessment.
• Work with the business units to understand requested model changes, prioritization, execute test plans, and assist in model acceptance.
• Implementation of Prophet Enterprise modules to support governance and process automation.
• Implementation of the Single Platform functionality for Valuation, ALM and Pricing.
• Document all changes and testing to the models.

 

Qualifications:

 

The AMAD team tests and implements many leading-edge techniques as a team.  We are looking for people with the following skill set:

 

• Proficient in FIS Prophet software for modeling, valuation, and financial reporting; experience with Prophet systems integration and customization.
• Extensive experience in customizing Prophet models to meet specific business needs and regulatory requirements with a focus on ALS and US360 libraries.
• Experience working within an actuarial enterprise technology environment.
• Understanding of insurance products and the related risks.
• Excellent relationship building and collaboration skills.
• A self-starter with strong communication skills.
• Excellent verbal and written communication skills to convey complex actuarial concepts to non-technical stakeholders.