Corporate Vice President & Actuary
Austin , Texas
October 18, 2017

New York Life Insurance Company (“New York Life” or “the company”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.


New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2016 operating earnings of $1.954 billion. Total assets under management at year end 2016, with affiliates, totaled $538 billion.  As of year-end 2016, New York Life’s surplus was $23.336 billion**.  New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa; Standard & Poor’s AA+. (Source: Individual Third Party Ratings Report as of 8/17/16).


Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for over 170 years.



LTC Valuation, Financial Reporting, Analysis and Planning

a. Set the strategic vision for Valuation, Financial Reporting, Analysis and Planning. A critical part of this vision is to develop highly transparent and actionable financial reporting and analysis under a First Principles approach. Present the vision to the senior management of NYL and get their buy in. Develop and implement the strategic vision.

b. Initiate, organize, and direct all valuation, financial reporting and analysis activities. Develop all appropriate reports, analysis and controls for these processes. Support the vision of highly transparent and actionable financial reporting and analysis by developing new reports and analytics. Partner with the administrators to get a deep understanding of how administration activities influence financial results. Enhance the management dashboards to provide more actionable information.

c. Perform all valuation, financial reporting and analysis activities including the following:

i.Monthly GAAP Policy and Claim Reserve valuation, monitoring of experience vs plan, dashboard reports monitoring administration processes and their impacts on financial results

ii.Quarterly GAAP, Statutory and Tax valuations, financial reporting and analysis, monitoring of experience vs plan, Source of Earnings analysis, business reviews with senior management

iii.All actuarial activities related to the production of the annual statement

iv.All actuarial activities relating to the development of the annual business plan

v. All control activities relating to the valuation, financial reporting and analysis

f. Partner with the NYL Prophet Team and manage the enhancement of valuation and projection systems.

g. Assist in quantifying impact of proposed changes and communicate results to a diverse audience of senior management, actuaries, investment professionals and general staff. The incumbent must identify and communicate key issues and important trends and support the analysis in Q&A sessions.

h. Manage employees supporting these activities.

This role requires collaboration with other departments including:

i. Accounting

ii. IT

iii. Claims

iv. Office of the Chief Actuary

v. Controller’s Department

vi. NYL Prophet Team


This role has the potential for lateral and upward movement in the organization.



  • BA/BS is required.
  • Completion of specific and general continuing education requirements.
  • An FSA designation in the Society of Actuaries is essential. Candidate must be a member of the American Academy of Actuaries.
  • This position requires at least 8 years of previous actuarial experience. Experience with Long-Term Care is highly preferred.
  • Candidate must:
    • Possess strong individual accountability;
    • Possess strong leadership skills, judgment, organizational and prioritization skills;
    • Possess strong management skills to motivate and develop staff;
    • Possess strong technical and analytical skills.
    • Be a good self starter and innovator and a catalyst for change;
    • Possess high quality of work ethics while remaining committed to corporate values.
    • Have strong oral and written communication skills and the ability to influence management and staff;
    • Have ability to evaluate information and have strong analytical ability;
    • Be able to assimilate a large amount of information and analysis and identify those key facts or trends which may have a material impact on the business.
    • Possess ability to manage projects effectively.
    • Be proficient in Microsoft Word and Excel and various database platforms and modeling software.
    • Responsible for many critical financial reports for the Long-Term Care Division. Information produced in this unit is vital in LTC Executive decision-making.









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*Based on revenue as reported by “Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 17, 2016.  See  for methodology.

**Total surplus, which includes the Asset Valuation Reserve, is one of the key indicators of the company’s long-term financial strength and stability and is presented on a consolidated basis of the company.


1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US (GAAP), with certain adjustments Company believes to be appropriate as a measurement approach (non GAAP), primarily the removal of gains or losses on investments and related adjustments.


2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.

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