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Posted: Saturday, April 15, 2017 1:27 PM

New York Life Insurance Company (“New York Life†or “the companyâ€) 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. Company: New York Life Insurance Company Position: Corporate Vice President, Life Product Development (New York, New York) Duties: Perform economic analysis for our Whole-Life (WL) and Term product lines with an emphasis on new product concepts, including pricing and development. Identify market opportunities, develop new products, and manage business growth. Perform product analysis, project management, sales and marketing support, and strategic thinking. Lead segments of WL & Term pricing development efforts to drive incremental sales growth and value add, and strategically position both product lines for future economic environments. Design new products and features based on micro- and macro-economic factors. Engage with the Actuarial Pricing team to understand the product lines’ P&L and its drivers. Create cost and benefit analysis for new initiatives when making new product recommendations. Provide expertise on all WL & Term products and riders internally and to the field. Communicate with senior management to generate support for new product and pricing initiatives. Requirements: Master's degree in Economics, Finance, Mathematics, Business Administration or related field (willing to accept foreign education equivalent) plus 3 years of experience performing product development and market research for life insurance products or, alternatively, a Bachelor's degree and 5 years of experience as stated above. Also requires: (1) Demonstrated expertise performing quantitative analysis to perform product analysis and pricing; (2) Demonstrated expertise interfacing with actuaries to analyze pricing processes for whole life, term, and universal life insurance products; (3) Demonstrated expertise performing personalized portfolio design for high net worth sales presentations and inforce management; (4) Demonstrated expertise interfacing with legal team to ensure product compliance with state insurance regulations; and, (5) Demonstrated expertise interfacing with sales and marketing professionals throughout the product development and management process. Submit resume online and reference the Requisition ID/Job Code. EOE M/F/D/V If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) 576-5811. *Based on revenue as reported by “Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual),†Fortune Magazine, June 17, 2016. See http://fortune.com/fortune500/  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. .

Apply now at: https://new_york_city-ny.geebo.com/jobs-online/listview/directory/157/listing/239/id/547456242-corporate-vice-president-life-/

• Location: Manhattan

• Post ID: 96864595 manhattan
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