Associate, Financial Modeling Technician
Job Description
Location Designation:Fully Remote
This position is fully remote.
Role Overview:
The Actuarial Operations Department at New York Life is seeking a motivated and detail-oriented Senior Associate to join our Prophet Staging & Production Team. This team plays a critical role in producing Asset-Liability Management (ALM), Valuation, and other financial modeling metrics using the Prophet Enterprise actuarial platform.
This is an excellent opportunity for a candidate with a strong technical background to gain exposure to modeling operations for a wide range of life insurance and annuity products.You'll also work closely with our IT and actuarial teams on process standardization and automation initiatives to drive efficiency and innovation across the organization.
What You'll Do:
The results produced by the Prophet Staging & Production Team is in high demand, with requests for modeling support coming from several actuarial teams throughout the company.A drive for continuous improvement and identifying operational inefficiencies will be highly valued for this role.Examples of tasks the Financial Modeling Technician may be responsible for include:
* Configure and execute Prophet jobs for testing, reporting, and runtime optimization
* Maintain and update input data using Assumption Manager within Prophet Enterprise
* Analyze model output, conduct reasonableness checks and ensure quality of results
* Implement controlled changes in response to requests from stakeholders while adhering to model governance standards
* Collaborate with actuaries to support updates to model inputs, model configurations, and data transformation processes
* Partner with IT teams to support current and future automation efforts
* Monitor and report on model runtime efficiency and cloud-based cost metrics
What You'll Bring:
* 1-3 years of experience in finance, actuarial, or other quantitative roles
* Bachelor's degree in Finance, Mathematics, Engineering, or a related field
* Strong technical skills with excellent attention to detail
* Proficiency with Microsoft Excel, Word, and VBA (required)
* Experience with the FIS Prophet Suite (Professional or Enterprise) a plus
* Exposure to financial services, data operations, or actuarial modeling is a plus
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range:$71,000-$101,500
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 here to 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 theFoundation.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: 92939
Location Designation:Fully Remote
This position is fully remote.
Role Overview:
The Actuarial Operations Department at New York Life is seeking a motivated and detail-oriented Senior Associate to join our Prophet Staging & Production Team. This team plays a critical role in producing Asset-Liability Management (ALM), Valuation, and other financial modeling metrics using the Prophet Enterprise actuarial platform.
This is an excellent opportunity for a candidate with a strong technical background to gain exposure to modeling operations for a wide range of life insurance and annuity products.You'll also work closely with our IT and actuarial teams on process standardization and automation initiatives to drive efficiency and innovation across the organization.
What You'll Do:
The results produced by the Prophet Staging & Production Team is in high demand, with requests for modeling support coming from several actuarial teams throughout the company.A drive for continuous improvement and identifying operational inefficiencies will be highly valued for this role.Examples of tasks the Financial Modeling Technician may be responsible for include:
* Configure and execute Prophet jobs for testing, reporting, and runtime optimization
* Maintain and update input data using Assumption Manager within Prophet Enterprise
* Analyze model output, conduct reasonableness checks and ensure quality of results
* Implement controlled changes in response to requests from stakeholders while adhering to model governance standards
* Collaborate with actuaries to support updates to model inputs, model configurations, and data transformation processes
* Partner with IT teams to support current and future automation efforts
* Monitor and report on model runtime efficiency and cloud-based cost metrics
What You'll Bring:
* 1-3 years of experience in finance, actuarial, or other quantitative roles
* Bachelor's degree in Finance, Mathematics, Engineering, or a related field
* Strong technical skills with excellent attention to detail
* Proficiency with Microsoft Excel, Word, and VBA (required)
* Experience with the FIS Prophet Suite (Professional or Enterprise) a plus
* Exposure to financial services, data operations, or actuarial modeling is a plus
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range:$71,000-$101,500
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 here to 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 theFoundation.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: 92939
About New York Life Insurance Company
New York Life Insurance Company is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #67 on the 2021 Fortune 500 list of the largest United States corporations by total revenue.
At the heart of New York Life is a commitment to be there for our customers when they need us—whether today or decades into the future. We have delivered on that promise for over 175 years by investing wisely, growing a portfolio of strategic businesses, and remaining true to our mission as a mutual company, accountable only to our customers, not to outside investors. For our customers, that means having the confidence that comes with knowing they can build a better future for themselves and those they love.
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