Senior Associate - Data Analysis

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Date: Feb 20, 2019

Location: Jersey City, NJ, US

Company: New York Life Insurance Co

 

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. It’s a career journey you can be proud of, and you’ll 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 Fortune’s World’s 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.

 

The Institutional Annuities Department’s Client Service and Operations Team is seeking a motivated and team oriented individual to join our group. The Installation and Special Projects Senior Associate will partner with our relationship management team to onboard new pension risk transfer (PRT) sales, calculate nonstandard items, and work on special projects across the department.   

 

Primary Responsibilities:

  • 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

 

Qualifications:

  • Bachelor’s Degree required; math aptitude
  • 4+ 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

 

 Additional Requirements:

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

 

SF:LI-KH1

SF:EF-KH1

EOE M/F/D/V

 

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