Job Description

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. Its a career journey you can be proud of, and youll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortunes Worlds Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses Be Good At Life. To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

New York life Insurance Company is seeking a highly-talented, driven team player eager to join the Guaranteed Products team within Institutional Annuities, focusing on the Pension Risk Transfer (PRT) and Retirement Income businesses. The Senior Associate role requires a highly organized problem solver with a track record of working collaboratively with multiple teams. The individual will ensure that PRT deals are effectively executed from beginning to end, starting with the evaluation of RFP opportunities through the issuance of annuitant certificates. The individual will also assist with the development of a lifetime retirement income solution for the DC market. The individual should have a strong understanding of defined benefit and defined contribution pension plans as well as the pension risk transfer landscape. The ideal candidate has a minimum of 5 years of similar experience at an insurance company or an actuarial consulting firm.

Pension Risk Transfer, Senior Associate

Responsibilities:

Pension Risk Transfer

* Summarize and forecast sales projections using Excel; provide analysis of PRT business metrics to identify key areas of growth and improvement
* Create presentations and coordinate stakeholder meetings. Lead internal and external discussions to ensure transactions are executed successfully
* Responsible for relationship management internally and externally
* Coordinate across internal stakeholders (legal, pricing, investment, risk, finance, etc) to ensure profitability and success of the PRT product. Review new business opportunities and cascade or escalate information internally as needed
* Coordinate with external stakeholders (consultants, intermediaries, clients) to manage ongoing deals, assess new business opportunities, and gather business intelligence

Retirement Income

* Responsible for assisting in the research, development and eventual relationship management role of retirement income solution for institutional plans

Required Skills and Experience:

* Ability to communicate complex materials to non-technical audiences
* Demonstrates initiative and sense of urgency; takes ownership of deliverables and is results-oriented
* Proven leadership and relationship management skills
* Passionate about process improvement and proven ability to creatively solve problems
* Highly innovative, flexible and self-directed
* Results-oriented person with a delivery focus
* Ability to effectively manage and deliver on multiple internal and external projects concurrently
* Detail oriented including attention to documentation, process execution and being able to contribute constructive feedback on continuous product improvement
* Excellent presence and strong presentation skills; experience preparing presentations and comfortable communicating results to all levels
* Comfortable dealing with ambiguity and ability to explore multiple solutions to a problem
* Handles multiple competing priorities in a fast-paced, deadline-driven environment
* Bachelor degree in mathematics, economics, finance, actuarial science or other business-related areas with strong quantitative and analytical skills
* 5+ years of experience within an insurance company or actuarial consulting firm
* Strong Microsoft Office Skills particularly Excel, Word, Powerpoint
* Pension or PRT experience is preferred; pension expertise including a strong understanding of qualified defined benefit plans, understanding of institutional pension/retirement business and pension risk transfer
* Candidates must be willing to obtain Life/Accident/Health insurer licensing credentials

SF:LI-KH1

EOE M/F/D/V

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Job Requisition ID: 83209