New York Life Insurance Company

Corporate Vice President & Actuary - Retail Annuity Pricing

Posted Yesterday

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New York, NY, USA

Hybrid

180K-240K Annually

Expert/Leader

Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics

The Role

Leads the retail annuity pricing and product development portfolio, overseeing product design, modeling, pricing, implementation, assumptions, governance, and financial analysis. Partners with Retail Annuities, Finance, Investments, and modeling teams to drive strategy, profitability, innovation, regulatory compliance, and process improvements. Presents recommendations to senior leadership and manages, coaches, and develops a team of actuaries and actuarial trainees.

Summary Generated by Built In

Location Designation: Hybrid - 3 days per week
This position is hybrid Tuesday - Thursday in the NY Office, Monday & Friday work from home.
Corporate Vice President & Actuary - Retail Annuity Pricing (MG3)
Location Designation: New York Office - Hybrid 3 days per week
Role Overview:
The Retail Annuity (RA) Pricing team plays a critical role in shaping New York Life's retail annuity strategy and financial performance. As the lead pricing actuary for the RA Product Development portfolio, you will partner closely with senior leaders across Retail Annuities, Finance, and Investments to drive product innovation, profitability, and long-term business growth. In this role, you will lead a team of 3-4 actuaries and actuarial trainees while overseeing the design, pricing, and implementation of innovative retail annuity products. You will collaborate across the enterprise to develop competitive product strategies, influence key business decisions, and deliver solutions that create value for both customers and the company.
What You'll Do:

Own the Product Development and Pricing portfolio, partnering with stakeholders across the Retail Annuity business, Finance, and Investments to evaluate opportunities, assess financial implications, and support strategic decision-making.
Lead the design, modeling, pricing, and implementation of retail annuity products, including Fixed Deferred Annuities, Fixed Indexed Annuities, Income Annuities (participating and non-participating), and Variable Annuities.
Drive product strategy from concept through implementation, balancing customer value, profitability, risk management, and operational considerations.
Collaborate with our modeling center of excellence and modernization teams to enhance pricing models and advance enterprise modeling and AI capabilities.
Oversee key pricing operations supporting the Product Development portfolio, including assumption development, model governance, financial impact analyses, and implementation support.
Identify and implement process improvements that enhance pricing efficiency, scalability, governance, and analytical rigor.
Monitor competitive market trends and the evolving regulatory landscape to ensure compliant and competitive product offerings.
Present findings, recommendations, and business insights to senior leadership and other key stakeholders.
Lead and develop a team of actuarial professionals by providing coaching, mentoring, performance management, and career development.

What You'll Bring:

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field
10+ years of actuarial experience, preferably in insurance, financial services, or consulting
FSA credentials required
Actuarial modeling experience required
Experience with Prophet actuarial modeling software is preferred
Demonstrated experience leading actuarial teams and developing talent
Strong knowledge of retail annuity products, pricing methodologies, and product development processes.
Experience collaborating across business functions and influencing senior stakeholders.
Experience with Python, Codex, Tableau, GitHub, Databricks, or related tools is a plus.
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 in a dynamic environment.
Strategic thinker with a demonstrated commitment to innovation, continuous improvement, and operational excellence.

#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range: $180,000-$240,000
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.
Company Overview
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.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life's leadership in this space.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 94712
#BI-Hybrid

Skills Required

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field
10+ years of actuarial experience, preferably in insurance, financial services, or consulting
FSA credentials
Actuarial modeling experience
Experience leading actuarial teams and developing talent
Strong knowledge of retail annuity products, pricing methodologies, and product development processes
Experience collaborating across business functions and influencing senior stakeholders
Strong verbal and written communication skills, including translating technical concepts into business recommendations
Ability to manage multiple priorities, lead complex initiatives, and deliver results
Strategic thinking and commitment to innovation, continuous improvement, and operational excellence
Experience with Prophet actuarial modeling software
Experience with Python, Codex, Tableau, GitHub, Databricks, or related tools

What the Team is Saying

New York Life Insurance Company Compensation & Benefits Highlights

Retirement Support — Corporate employees are offered a 401(k) with company match and, for many roles, a defined‑benefit pension, with both the employee contributions and company match vesting 100% from day one. Qualified financial professionals may also have access to a defined‑benefit plan, per plan documents.
Parental & Family Support — Paid New Parent leave doubled to 8 weeks for all parents as of January 1, 2024, and birthing parents typically receive an additional 6 weeks of paid short‑term disability. The company also highlights fertility and adoption support, backup childcare, tutoring, and elder‑care resources.
Healthcare Strength — Medical, dental, and vision coverage are paired with HRAs/FSAs, an Employee Assistance Program, wellness programs, and telemedicine. Work/life perks such as gym discounts or on‑site gyms further reinforce the health and wellbeing offering.

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New York Life Insurance Company Insights

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The Company

HQ: New York, NY

12,000 Employees

Year Founded: 1845

What We Do

At New York Life, our 180-year legacy of integrity, mutuality, and financial strength fuels a future defined by bold transformation. As the largest mutual life insurance company in the U.S., we operate on behalf of our policy owners—not shareholders. That structure allows us to take a long-term view, investing in people, purpose, and innovation that endures. Guided by a clear enterprise vision to become a technology-, data-, and AI-powered company, we’re modernizing our platforms, rearchitecting experiences, and embedding intelligence across our products and services. Our mission has always been about helping people through life’s most meaningful moments. Today, technology is amplifying that mission—enabling us to serve clients, advisors, and communities in more personalized, proactive ways. With a diversified business portfolio spanning insurance, investments, retirement, group benefits, and direct-to-consumer offerings, New York Life delivers the stability of a Fortune 100 company with the agility of one that’s continuously evolving. We’re powered by a values-led culture, inclusive teams, and a shared belief that when our people thrive, so does our company. Here, tradition fuels momentum—and your ideas, energy, and growth power what’s next.

Why Work With Us

New York Life is transforming from the inside out—blending 180 years of trust with the velocity of innovation. What makes us different is our culture: grounded in integrity, humanity, and shared success—values that show up in how we work, lead, and grow. If you want a place where innovation has purpose—build what's next with us.