Junior Quant Developer, ALM and Investment Strategy

APPLY NOW »

Date: Nov 27, 2022

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation: Hybrid 

 

 

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

 

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.

  

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 senior associate will be part of the investment projections team, with key responsibilities in the projection and monitoring of actual and planned investment-related financial results across the investment portfolios in New York Life's general account.


Responsibilities

  • Participate in design, maintenance, and enhancement of projection model for investment income, asset allocation, and forward-looking yield expectations.
  • Coordinate investment projection efforts with other teams within the finance department and the businesses, as well as the investment areas.
  • Provide investment support to Finance senior management and the businesses. Including, but not limited to:
    • Regular production of analyses of the unit’s investment portfolios
    • Responding to ad-hoc requests, such as scenario analysis and investment activity updates
    • Complete monthly analysis of portfolio yields, investment expenses, and other investment costs for use in crediting rate setting of multiple product lines.
    • Participate in planning process by generating investment projections for the company’s portfolios.
    • Attribute portfolio performance, including actual to expected investment outcomes versus plan.
    • Support ALM analysis through development of investment models and analytics to be used in the development and implementation of portfolio hedging and investment strategies.
    • Monitor the investment portfolios for compliance with investment policies and guidelines.


Qualifications

  • Highly developed quantitative and analytical skills
  • Bachelor’s degree preferred or higher in quantitative area
  • Proficiency with Excel
  • Some programming background in any of Python, R, C++, a strong plus
  • Ability to work independently
  • Familiarity of fixed income investment a strong plus
  • CFA or progress toward a CFA a plus
  • Familiarity with insurance company finance and liabilities
  • Experience with financial reporting and large data processes (a plus)

 

 

Salary range: $58,500-$85,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

 

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

 

 

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. 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.

Job Requisition ID: 87463

 

 

 


Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

Job Segment: Social Media, CFA, Outside Sales, Investment, Marketing, Finance, Sales, Strategy