Data and Special Projects Associate

Location Designation: Hybrid - 3 days per week 

 

This position involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.

 

At Institutional Annuities, New York Life's specialized annuity business, you'll play a pivotal role in crafting financial stability for businesses and institutions nationwide. Our diverse suite of annuity products, ranging from capital market offerings to pension risk transfer solutions, empowers organizations of all sizes to navigate risk and secure their future financial obligations.

 

Role Overview:

 

The Pension Risk Transfer (PRT) Installation Team is looking for an Associate to on-board new PRT business.  The primary responsibilities of the Associate will consist of setting up payments for participants, tracking data and producing certificates, as well as supporting our Service team.  The Associate should have a good understanding of excel and strong communication skills.  Knowledge of Pension Plans is a plus.

 

What You’ll Do:

 

• Supporting the installation, set up and maintenance of databases containing information for participants purchased under single premium group annuity contracts
• Calculate nonstandard items, which include lump sum illustrations, benefit split calculations for Qualified Domestic Relations Orders, and premium due or refund for participant census changes
• Convert participant-level census data into a consistent format for use in pricing models
• Act as a resource for the interpretation of group annuity contract provisions and related benefit quotations
• Key partner in providing technical, analytical, and testing support for area projects to improve processing efficiency
• Provide support and assistance to area personnel responding to inquiries from participants, financial institutions, and clients to ensure a high level of service excellence
• Provide responses to technical questions related to the claims and death processing and other functions for the PRT block of business
• Understand and stay current with operational procedures

 

What you'll bring:

 

• Bachelor’s Degree required; math aptitude
• 2-3+ years of related exp.  
• Strong oral and written communication skills. Must be able to effectively communicate with various internal/external clients and teams at different levels
• A positive attitude and a willingness to work as a member of a close-knit team
• Knowledge of, or a desire to learn, the provisions of group annuity contracts and ability to interpret them and perform related mathematical calculations
• Accountable, ethical, good decision-making ability
• Advanced Excel skills
• Experience with defined benefit pension plans a plus

 

Bonus points for these:

 

• Ability to take the lead on specific projects
• Ability to work independently while remaining flexible to meet team goals

 

 This position is eligible for a discretionary bonus and benefits.

 

This position involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.

 

#LI-KH1
#LI-HYBRID 
 

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Pay Transparency

Salary Range:  $62,400-$80,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

 

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

 

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

 

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID: 91402