NYL Investors LLC was formed in October 2013 as a wholly owned subsidiary of New York Life Insurance Company with the primary responsibility for managing the fixed income and real estate assets of New York Life and our other strategic partners. With over 300 professionals, the organization manages $309.1 billion of assets under management as of January 31, 2024, through our three investment groups.
What You’ll Do:
- Manage activities of responsible portfolios with the scope of maximizing yield/returns achievable within a capital efficient framework and maintain a proper risk profile.
- Dynamically manage allocations across different asset classes based on cash flow, asset allocation needs, Asset/Liability profile, market conditions and adherence to the overall business plan.
- Incorporate all aspects of Insurance Portfolio management process, including performance attribution, risk exposures, NII projections, stress sensitivities to establish feedback loops with asset management team to drive portfolio value.
- Work independently and collaboratively with a group of seasoned professionals to guide, consult, and influence business asset allocation and investment decisions, keep product pricing and in force business competitive and seek findings to optimize asset and sector allocations.
- Employ and assist in enhancing relative value frameworks to identify tactical asset opportunities that consider portfolio goals and constraints from an asset allocation, market, insurance, and balance sheet perspective.
- Coordinate with ALM group, trading, derivatives, and risk management to ensure alignment with business goals and parameters.
What You'll Bring:
- Strong track record in managing complex cross sector insurance portfolios containing fixed income, real estate, and private credit.
- A proven ability to think independently, having taken an innovative approach to investment and asset allocation strategy in past roles, ideally as it relates to insurance portfolio management.
- Experience in critically analyzing different fixed income products, understanding the different risk factors, impacts to valuations and synthesize the information in a timely manner to drive confident decisions.
- Experience in insurance general account investing and portfolio approach, including balance sheet, capital, and risk constraints.
- Ability to navigate and work effectively in large, matrixed organization with multiple decision-makers and stakeholders.
- Strong team player and desire to mentor and contribute to the professional development of others.
- An undergraduate degree is required preferably with concentration in Finance, Economics, Accounting, Science, Math, Technology.
Nice to Have:
- Experience using Python.
- Ability to navigate through complex problems.
Pay Transparency
Salary Range: $120,000-$205,000
Discretionary bonus eligible: Yes
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.
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.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture.
Job Requisition ID: 90285
About NY Life Insurance Company
Diversity & Humanity–two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth.
As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.
You are our future, and we commit to investing in you accordingly.
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