New York Life Insurance Company ( York Life companys 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.
Role Summary The Quality Assurance Analyst is responsible for ensuring illustration software testing is properly planned and executed for changes
Key Responsibilities Design test cases to efficiently test life insurance product functionality in the illustration software
Ensures test cases are traceable to business requirements
Modifies and runs actuarial test spreadsheets
Interfaces with automation team to implement test automation
Interfaces with other QA resources including internal User Interface and PDF.teams, as well as external QA resources source from 3rd party development firm
Executes tests to compare results with requirements, verifies test requirements, readiness, and identifies defects
Logs defects in defect tracking software. Facilitates the resolution of defect(s)
Working with the QM Data Analysts and the Test Data Management Shared Services, ensures test data integrity across target systems
Contributes to writing and refining the test strategy
Responds to requests and inquiries from agents and internal business partners
Education / Training
Bachelor's degree and/or equivalent experience
Previous Experience, Expected Skills and Knowledge
Extensive knowledge of Life Insurance products and product functionality
Strong excel skills
General understanding of IRC Section 7702 and 7702A
Strong communication skills
Familiarity with illustrations
Additional desirable skills include:
Actuarial science background
Experience with test and defect management tools
Ability to work across a spectrum of roles such as Release Management function and cross organizational Test Leads to effectively plan and execute testing
Working knowledge of the QA review and testing process, designing test scenarios, including understanding various testing techniques and tools, and technology impacts
Ability to decompose requirements into detailed test cases for test execution
SF: LI-CC!
EOE M/F/D/V
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*Based on revenue as reported by tune 500, ranked within Industries, Insurance: Life, Health (Mutual),rtune Magazine, June 17, 2016. See 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.
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