Rutgers New Start Career Network

Rutgers Edward J. Bloustein School of Planning and Public Policy mobile logo
New Start Career Network mobile logo

Job Information

New York Life Insurance Company Corporate Vice President (Corporate Development & Strategy) in New York, New York

Employer: New York Life Insurance CompanyJob Title: Corporate Vice President (Corporate Development & Strategy)Location: New York, NYOffered Wage: $198,400.28/yearDuties: Supports all activities related to enterprise and business strategic investments, partnerships, and mergers & acquisitions (M&A) in the life insurance sector. Develops enterprise and business corporate development strategies that align with respective strategic priorities. Provides actuarial expertise and insight into and explains deviations from financial performance projections. Performs fundamental research, data gathering, and financial analyses of sectors, products, and businesses in support of the company's strategy and corporate development processes. Identifies and sources potential targets and strategic partners. Supports relationships with banks, advisors, and potential counterparties. Organizes and performs due diligence. Develops internal capabilities to execute corporate development and M&A, including producing appropriate playbooks. Coordinates with external resources in support of due diligence efforts, including actuarial and financial advisers. Develops communications to senior management and the board on strategy and merits or considerations of specific opportunities. Performs post-agreement integration planning and execution. Drives all aspects of corporate development process from start to finish. Manages project timing and deliverables with multiple constituents. Identifies and mitigates strategic and process-related risks to projects and workflows. Establishes collaborative and productive teamwork with multiple project constituents. Builds, performs error checks, and applies financial models. Coordinates teams for due diligence, including working with business units and enterprise functions. Supports internal alignment and transaction issue resolutions.Education & Experience Requirements:Master's degree in Actuarial Science, Mathematics, Finance, Statistics or related field (willing to accept foreign education equivalent) and three (3) years of experience working with pricing, valuation or asset liability management (ALM) actuarial models within the life insurance domain.Or, alternatively:Bachelor's degree in Actuarial Science, Mathematics, Finance, Statistics or related field (willing to accept foreign education equivalent) and five (5) years of experience working with pricing, valuation or asset liability management (ALM) actuarial models within the life insurance domain.Required Certifications & Skills:• Must possess Fellow of the Society of Actuaries (FSA) and Chartered Financial Analyst (CFA) certificationsExperience must include 2 years in each of the following skills:(1) Pricing life insurance products according to product premiums, fees, statutory reserves, and policyholder benefits; (2) Analyzing statutory reserves or capital leveraging National Association of Insurance Commissioners (NAIC) regulatory requirements for life insurance products; (3) Analyzing and interpreting cash flow testing or duration asset liability management (ALM) frameworks for long duration life insurance products to assess statutory reserve adequacy or in support of portfolio ALM calculations; and, (4) Modeling, projecting, and performing financial analysis of life insurance products profitability and distributable cash flows over the life of policies.Apply online at: http://www.newyorklife.com/careers

Minimum Salary: 198400.28 Maximum Salary: 198400.28 Salary Unit: Yearly

DirectEmployers