Actuarial Associate at TIAA in New York, NY

Summary: TIAA is a market-leading retirement company committed to helping educators retire with dignity. They are seeking an Actuarial Associate to join their Actuarial Development Program, which provides extensive work experience and exam support while developing key actuarial skills across various business functions. Responsibilities: - Acquire and apply actuarial skills to perform the following functions: - Actuarial/risk analyses with respect to the company's actuarial liabilities and capital position to ensure adequate financial strength of annuity and life insurance product lines, as well as overall financial strength of the company - Experience studies and assumption development for the annuity and life insurance lines of business - Asset and liability modeling and analyses of annuity and life insurance lines of business including financial projections and stress testing - Various ALM projects such as economic scenario generation, duration analysis, and interest rate stress testing - Valuations of actuarial reserves and liabilities - Asset adequacy testing and analyses of annuity and life insurance lines of business - Development of annuity products and policyholder illustrations; determination of non-guaranteed elements such as crediting rates and dividend scales - Other business functions include plan pricing support, risk management and potentially others Required Qualifications: - University (Degree) Preferred - No Experience Required - Physical Requirements: Sedentary Work Preferred Qualifications: - Technical skills, e.g. Excel, VBA, and PowerPoint - University (Degree), Preferred - Strong communication and problem-solving skills - Leadership potential - Completion of any Society of Actuaries (SOA) exams Required Skills: Excel, VBA, PowerPoint, Society of Actuaries (SOA) exams, Actuarial Science, Financial Modeling, Asset Liability Management Benefits: Paid study time and exam materials, Automatic salary increases with passed exams, First-time pass bonuses, Participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans), A comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones, A superior retirement program, Highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being