Corporate Vice President – Compensation Operations Modeling

Job Description

Corporate Vice President, Compensation Modeling & AI | New York Life Insurance Company

The Tone:
This is a full-time hybrid role at New York Life Insurance Company, located in New York, NY. The company is a prominent insurance provider committed to offering financial security and peace of mind. This strategic leadership position is crucial for modernizing and optimizing field compensation programs through advanced analytical modeling and artificial intelligence. The role significantly impacts business objectives, sales behavior, and overall financial performance by informing executive decision-making with data-driven insights.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Hybrid, New York, NY
• Pay: $119000–$165000 yearly
• Team: Compensation Operations
• Mission: To lead the development of sophisticated compensation models to evaluate, optimize, and recommend compensation strategies that align with business objectives.
• Tech Stack: Varicent Incentive Compensation Management (ICM), Excel, Python, R, SQL, SAS, MATLAB, Power BI, Tableau

What You’ll Actually Do
• Design Leadership: Lead the design and advanced analytical modeling of field compensation plans and other Field Experience needs.
• Model Development: Develop predictive compensation models to evaluate financial impact, participant behavior, sales outcomes, and organizational performance.
• Advanced Analytics: Apply actuarial methods, statistical analysis, machine learning, and AI-enabled modeling techniques to improve compensation design and decision making.
• Scenario Simulation: Build simulation models that evaluate proposed compensation changes under multiple business scenarios and economic assumptions.
• Operationalization: Collaborate with Compensation Operations and Technology teams to ensure compensation designs can be effectively operationalized within the Varicent platform.

The Must-Haves
• Background: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, Data Science, Operations Research, Computer Science, or a related quantitative discipline. This is an executive-level role requiring strategic leadership.
• Experience: 8–12 years of progressive experience in compensation strategy, actuarial science, predictive analytics, financial modeling, or quantitative business analysis. Demonstrated experience developing sophisticated financial or behavioral models supporting strategic business decisions, and leadership in managing cross-functional initiatives.
• Skills: Advanced analytical capabilities including statistical modeling, scenario analysis, forecasting, and optimization techniques. Experience leveraging Artificial Intelligence and Machine Learning tools for business modeling, forecasting, or decision support. Advanced proficiency with Excel and analytical tools such as Python, R, SQL, SAS, or MATLAB. Excellent executive communication skills with strong business acumen.
• Bonus: Fellow or Associate of the Society of Actuaries (FSA/ASA) or equivalent actuarial credential, or an MBA or advanced degree in a related field. Experience designing or evaluating sales compensation programs within financial services, insurance, or wealth management. Familiarity with Varicent Incentive Compensation Management (ICM) or comparable platforms. Experience developing AI-enabled forecasting, optimization, or simulation models, and knowledge of visualization tools like Power BI or Tableau.