Qamar Islam

Qamar Islam Email and Phone Number

Corporate Vice President and Actuary @ New York Life Insurance Company
New Jersey, United States
Qamar Islam's Location
Annandale, New Jersey, United States, United States
Qamar Islam's Contact Details

Qamar Islam personal email

n/a

Qamar Islam phone numbers

About Qamar Islam

As a Corporate Vice President & Actuary at New York Life, I lead the financial planning and analysis (FP&A) of the Retail Annuities business, the company's second largest P&L with over $110 billion of AUM and over 1M policies. I have over 11 years of progressive actuarial, financial reporting, and FP&A experience in the annuity and life insurance industry, and hold the credentials of FSA and MAAA.My core competencies include analyzing and communicating complex financial subjects to business partners, executive management, industry organizations and regulators, as well as leading teams of finance/actuarial associates and developing talent. My mission is to enhance the visibility and understanding of the performance and drivers of the annuity business, and to support strategic decision making and planning. I am passionate about applying my actuarial excellence and analytical skills to deliver value and insights to New York Life and its customers.

Qamar Islam's Current Company Details
New York Life Insurance Company

New York Life Insurance Company

View
Corporate Vice President and Actuary
New Jersey, United States
Website:
newyorklife.com
Company phone:
212-576-7000
Company email:
socialmedia@newyorklife.com
Qamar Islam Work Experience Details
  • New York Life Insurance Company
    Corporate Vice President And Actuary
    New York Life Insurance Company
    New Jersey, United States
  • New York Life Insurance Company
    Corporate Vice President & Actuary
    New York Life Insurance Company Oct 2021 - Present
    New York, New York, Us
    Lead financial planning and analysis (FP&A) of Retail Annuities business, the company's second largest P&L - with over $110 billion of AUM and over 1M policies. Report to business unit CFO and have responsibility over the quarterly financial review for business head and other company leaders. Oversee business' annual financial planning process by coordinating with investments, pricing, inforce projections, valuation, expense, controllers and sales teams; and provide meaningful analysis to company leadership on sources of earnings. Oversee design of reports and analyses to enhance visibility into the performance of the business.
  • New York Life Insurance Company
    Corporate Vice President & Actuary
    New York Life Insurance Company May 2018 - Sep 2021
    New York, New York, Us
    Responsible for actuarial review of regulatory initiatives related to domestic and international solvency and liquidity frameworks. Represent company at industry meetings and to insurance regulators at the NAIC, FIO, New York DFS, Federal Reserve, and the IAIS. Conduct technical review of solvency frameworks and regulations including NAIC's Group Capital and Macroprudential Initiative, as well as Federal Reserve's own group capital calculation. Draft consultation responses on behalf of the company, coordinating with other ACLI member companies. Coordinated company responses to regulatory surveys on liquidity and solvency impacts of the COVID-19 pandemic. Oversee companywide annual field test of Insurance Capital Standard (ICS). Member of technical working group supporting Federal Reserve's Insurance Policy Advisory Committee on white paper assessing impact of ICS on the US insurance market. Provided guidance to the American Academy of Actuaries on their research comparing ICS scalar methodologies.
  • New York Life Insurance Company
    Director & Actuary
    New York Life Insurance Company Oct 2016 - Apr 2018
    New York, New York, Us
    Transitioned into financial reporting role, reporting to head of annuity valuation. Initially lead team of actuarial associates responsible for the quarterly production of DAC for entire annuity business. Subsequently, pivoted to oversee reserving and gained valuable experience in GAAP and Stat reserving, including SOP03-1 and FAS133 for variable annuities. Also oversaw production of mortality gain/loss reporting for FAS60 products (income annuities). Worked closely with group controller to monitor controls, review practical expedients, meet with auditors and present results to senior finance management.
  • New York Life Insurance Company
    Senior Actuarial Associate
    New York Life Insurance Company Jul 2015 - Sep 2016
    New York, New York, Us
    Rotation into annuity projections team. Prepared quarterly projections for income annuity line and assisted in the preparation and presentation of quarterly source of earnings to group CFO. Lead implementation of FAS120 DAC & DPL reporting for participating income annuities in GGY AXIS.
  • New York Life Insurance Company
    Actuarial Associate
    New York Life Insurance Company Oct 2013 - Jun 2015
    New York, New York, Us
    Rotation into Universal Life pricing. Main team initiative was to convert pricing model from APL to FIS' Prophet. Separately, conducted annual illustration testing for new business and legacy UL portfolios. Conducted review of YRT reinsurance strategy, presenting analysis to company leadership. Priced large UL cases by modeling underwriting concessions and reinsurance bids. Selected to be member of price elasticity task force - a cross functional group to study price elasticity of life insurance. Managed one actuarial intern.
  • New York Life Insurance Company
    Actuarial Assistant
    New York Life Insurance Company Jan 2012 - Sep 2013
    New York, New York, Us
    Actuarial student in income annuity pricing, primarily focused on structured settlements. Worked closely with sales desk, service team, and business unit head to monitor competitiveness and profitability of new business (VNB). Executed rate changes and provided ad-hoc pricing for special cases. Separately, supported re-pricing of retirement income annuities and developed new method for pricing populations using monthly admin feeds and cleaning/grouping data using Prophet's Data Conversion System (DCS).
  • New York Life Insurance Company
    Actuarial Intern
    New York Life Insurance Company Jun 2011 - Aug 2011
    New York, New York, Us
    Intern in group affinity business. Implemented stochastic mortality functionality for level term insurance business in projections model, using Monte Carlo methods in Prophet and Visual Basic.
  • National Grid
    Insurance & Risk Management Intern
    National Grid May 2010 - May 2011
    London, London, Gb
    Assisted in the administration and management of the utility company's P&C insurance policies, and National Grid's P&C insurance captive.

Qamar Islam Skills

Ehr Healthcare Information Technology Hipaa Hl7 Requirements Analysis Leadership Integration Healthcare Consulting Software Project Management Software Implementation Agile Methodologies Pacs Health Information Exchange Clinical Decision Support Healthcare Information Technology End User Training Hl7 Standards Javascript Consulting Apex Programming

Qamar Islam Education Details

  • Baruch College
    Baruch College
    Actuarial Science
  • Midwood High School
    Midwood High School
    Regents With Honors

Frequently Asked Questions about Qamar Islam

What company does Qamar Islam work for?

Qamar Islam works for New York Life Insurance Company

What is Qamar Islam's role at the current company?

Qamar Islam's current role is Corporate Vice President and Actuary.

What is Qamar Islam's email address?

Qamar Islam's email address is qi****@****ate.com

What is Qamar Islam's direct phone number?

Qamar Islam's direct phone number is (888) 589*****

What schools did Qamar Islam attend?

Qamar Islam attended Baruch College, Midwood High School.

What skills is Qamar Islam known for?

Qamar Islam has skills like Ehr, Healthcare Information Technology, Hipaa, Hl7, Requirements Analysis, Leadership, Integration, Healthcare Consulting, Software Project Management, Software Implementation, Agile Methodologies, Pacs.

Who are Qamar Islam's colleagues?

Qamar Islam's colleagues are Toni Starks, Brianda Jenkins, Elise Pallios, Patricia Patterson, Joni Hashbarger, Jill Jaquess, Scott Hall.

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