Impact Investing - Senior Associate


Date: Sep 5, 2021

Location: New York, NY, US

Company: New York Life Insurance Co


When you join New York Life, you’re joining a company that values development, career growth, collaboration, innovation, and diversity & inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.






Join our newly created Impact Investing team that partners with diverse asset managers, federally chartered community development financial institutions, and other mission-driven organizations to amplify their efforts on the ground. The Impact Investment team at NYL seeks to help address the racial wealth gap by investing in underserved and undercapitalized communities with a focus on supporting small businesses, affordable housing, and community development. Like many of our strategies, this new initiative generates profits with a purpose, and so has the dual objective of driving positive social impact while producing market returns to support New York Life’s policy owners.



The team member would assist the Impact Investing team in each of the following areas:

  1. New Deal Underwriting
    1. Identify key investment partners and perform manager due diligence
    2. Perform investment analysis, including financial modeling, real estate analysis, and industry research
    3. Analyze financial information to forecast business, industry, and economic conditions relevant to our investment decisions
    4. Prepare formal credit memorandums to present to the investment committee
  2. Portfolio Management
    1. Evaluate the performance of investments, including monitoring quarterly financial results, industry and regulatory developments, and compliance with lending terms
    2. Collect and track impact metrics for portfolio investments
    3. Prepare periodic portfolio and sector specific reviews
  3. Additional Tasks
    1. Manage the team pipeline and other organizational documents
    2. Perform market research in the areas of affordable housing, small business lending, and community developments
    3. Process trades and capital calls
    4. Assist with the development and maintenance of an impact measurement system
    5. Manage relationships with key partners, including responding to requests and tracking deliverables



  • Undergraduate degree (BA or BS) required; major in economics, accounting or finance preferred
  • 2+ years of experience working in the financial services sector; asset management experience preferred but not required, including credit and real estate underwriting
  • Passion for investing and for social impact
  • Strong team player with the ability to manage and prioritize numerous tasks
  • Exceptional attention to detail, verbal, and written communication skills





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 our Foundation. 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

Job Requisition ID: 83712




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