Corporate Vice President & Actuary – Retail Annuity Pricing – Retail Annuity Product Development

Job Description

Corporate Vice President & Actuary – Retail Annuity Pricing | New York Life Insurance Company

The Tone:
This is a full-time role at New York Life Insurance Company, located in New York, NY. As a Fortune 100 mutual company, New York Life is dedicated to providing financial security and peace of mind, while evolving into a technology-, data-, and AI-enabled organization. This position is critical for shaping the company’s retail annuity strategy and financial performance, driving product innovation, profitability, and long-term business growth. The role demands a commitment to purpose and integrity, contributing to solutions that create value for both customers and the company.

The TL;DR
• Role: Full Time
• Type: Hybrid, 3 days per week (Tuesday-Thursday in NY Office, Monday & Friday work from home)
• Location: Hybrid, New York, NY
• Pay: $180000–$240000 yearly
• Team: Leads a team of 3–4 actuaries and actuarial trainees within the Retail Annuity Pricing team.
• Mission: Owns the Product Development and Pricing portfolio for Retail Annuities, ensuring product innovation, profitability, and compliance.
• Tech Stack: Prophet, Python, Codex, Tableau, GitHub, Databricks

What You’ll Actually Do
• Product Ownership: Own the Product Development and Pricing portfolio, partnering with stakeholders across Retail Annuities, Finance, and Investments to evaluate opportunities and support strategic decision-making.
• Product Leadership: Lead the design, modeling, pricing, and implementation of retail annuity products, including Fixed Deferred Annuities, Fixed Indexed Annuities, Income Annuities, and Variable Annuities.
• Strategy Development: Drive product strategy from concept through implementation, balancing customer value, profitability, risk management, and operational considerations.
• Pricing Operations & Enhancement: Oversee key pricing operations, including assumption development, model governance, and financial impact analyses, while collaborating to enhance pricing models and advance enterprise modeling capabilities.
• Team Leadership: Lead and develop a team of actuarial professionals by providing coaching, mentoring, performance management, and career development.

The Must-Haves
• Background: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field. FSA credentials required.
• Experience: 10+ years of actuarial experience, preferably in insurance, financial services, or consulting. Actuarial modeling experience required. Demonstrated experience leading actuarial teams and developing talent.
• Skills: Strong knowledge of retail annuity products, pricing methodologies, and product development processes. Strong verbal and written communication skills with the ability to translate technical concepts into business recommendations. Proven ability to manage multiple priorities, lead complex initiatives, and deliver results.
• Bonus: Experience with Prophet actuarial modeling software. Experience with Python, Codex, Tableau, GitHub, Databricks, or related tools.