Portfolio Solutions Senior Associate

Job Requisition ID: 91988

Location Designation: Hybrid - 4 days per week 

The Portfolio Solutions Team, part of the Office of the Chief Investment Officer (OCIO) at New York Life, plays a critical role in advancing the firm’s general account strategy through quantitative analysis, third-party manager oversight, and strategic cross-functional initiatives. This team develops capabilities and delivers insights that directly enhance portfolio construction and investment performance.

We are seeking a highly motivated and dynamic Senior Associate to support the underwriting, onboarding, and ongoing oversight of third-party asset managers, particularly across private credit-oriented strategies. This role demands strong investment acumen, operational fluency, and a collaborative mindset to navigate complex initiatives across multiple stakeholders.

What You'll Do:

• Third-Party Manager Due Diligence & Underwriting. In collaboration with the Business Development and/or Alternatives team, conduct comprehensive initial and ongoing investment and operational due diligence on third-party asset managers, with a particular focus on credit-oriented strategies across structured and private markets. Contribute to underwriting decisions that reflect life insurance-specific considerations, including capital efficiency, statutory and GAAP accounting treatment, and enterprise-wide general account objectives.
• Mandate Onboarding & Cross-Functional Coordination. Lead and coordinate cross-functional initiatives involving Portfolio Management, Operations, Risk, Legal, Compliance, and Technology to ensure the timely and effective onboarding and operational readiness of new investment mandates.
• Asset Class Diligence. Support the evaluation of new and existing investment strategies across public and private markets. Analyze asset class characteristics within the context of regulatory capital treatment, asset-liability management, and accounting implications to ensure alignment with the general account’s investment framework. Work closely with Business Development to identify nascent or emerging asset classes.
• Centralized Manager Oversight Platform. Assist in the development and ongoing enhancement of a centralized oversight platform to systematically capture, analyze, and report on key manager data—including performance metrics, exposures, fees, and operational risks—enabling scalable governance and informed decision-making.

What You'll Bring:

• Bachelor’s degree (preferably in finance or business); CFA, MBA, CAIA preferred
• Demonstrated ability to operate effectively within a large organization, with a strong process-driven mindset and a collaborative approach to cross-functional initiatives.
• Proven experience conducting both qualitative and quantitative due diligence on third-party asset managers, with a focus on structured credit, private credit, and other alternative fixed income strategies.
• A track record of independent judgment and innovative thinking in investment analysis, asset allocation, or portfolio construction, particularly within complex institutional frameworks.
• Familiarity with the unique investment considerations of insurance general accounts, including regulatory capital requirements, insurance accounting principles, and asset-liability management.
• Strong verbal and written communication skills, with the ability to convey complex topics clearly and effectively in discussions with senior leadership and stakeholders.
• High level of intellectual curiosity, professional maturity, and a continuous improvement mindset aligned with a high-performing investment culture.

#LI-AM1

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Pay Transparency

Salary Range:  $90,000-$135,000 

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 Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.​

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: 91988