Senior Associate, Alternatives OCIO

Location Designation: Hybrid - 4 days per week 

Position Overview

New York Life’s Office of the Chief Investment Officer (OCIO) is seeking a high-caliber Senior Associate to join its Alternatives team. This role offers a unique opportunity to work at the intersection of private markets investing and insurance-based asset management, supporting the construction and stewardship of a large, long-duration institutional portfolio.

The Senior Associate will play a meaningful role in sourcing, evaluating, and managing alternative investments designed to enhance the General Account’s long-term, risk-adjusted returns. The position is well suited for an analytically strong investment professional who is intellectually curious, highly collaborative, and motivated by long-term investing within a purpose-driven organization.

What You’ll Do:

Investment Analysis & Due Diligence

Support underwriting of new alternative investment opportunities across private equity, private credit, and structured solutions

Perform detailed financial analysis, scenario testing, and risk assessments

Prepare high-quality investment memoranda and supporting materials for senior leadership and investment committees

Partner with senior team members on idea generation and balance-sheet optimization, with a focus on capital efficiency and risk capacity

Manager Research & Market Analysis

Assist in researching and evaluating fund managers, strategies, and emerging opportunities within the alternative asset landscape

Monitor market trends, relative value, and structural considerations relevant to insurance portfolios

Portfolio Management & Monitoring

Track performance and exposures of existing alternative investments

Support portfolio construction, allocation monitoring, and ongoing risk management

Prepare periodic performance, attribution, and market-context reporting

Help manage quarterly coverage and engagement cadence with internal stakeholders and external managers

Cross-Functional Collaboration

Work closely with OCIO partners including Business Development, Portfolio Solutions, and Portfolio Management within a manager-of-managers framework

Coordinate with Legal, Compliance, Accounting, and Operations teams to support transaction execution, onboarding, and ongoing oversight

Communication & Presentation

Develop clear, concise materials for internal stakeholders, including senior management and investment committees

Contribute to strategy discussions and ad-hoc analyses across the OCIO

Project Management

Support planning and execution of new initiatives and enhancements to existing investment programs

Manage timelines, deliverables, and stakeholder coordination across multiple workstreams

What You’ll Bring:

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field
• Progress toward CFA or other relevant professional designation preferred
• 2–5 years of experience in an investment, financial analysis, or institutional asset management role
• Prior exposure to alternative asset classes, private markets, or insurance-oriented investing is strongly preferred
• Strong analytical and quantitative skills, including financial modeling and investment valuation
• Excellent written and verbal communication skills, with the ability to synthesize complex information
• Highly organized with strong attention to detail and the ability to manage multiple priorities
• Collaborative, team-oriented mindset with comfort working in a dynamic environment
• Intellectual curiosity and a genuine interest in long-term investing within an insurance context

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Pay Transparency

Salary Range: $110,000 - $150,000 

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: 93440