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.
Location: This is a hybrid role, requiring the employee to work onsite at an office location at least 3 days a week.
The Stable Value Investments (SVI) Contract and Product Development team is seeking a motivated, energetic, and intellectually curious individual to support various aspects of the business with focus on contract drafting and state regulatory filing duties. This is an opportunity to join an established leader in the stable value industry and offers significant growth potential based on performance. The Contract Associate will be primarily responsible for drafting and filing stable value group annuity contracts. In addition to regulatory filing proficiency, the successful candidate will gain familiarity with other aspects of stable value products such as underwriting, legal/regulatory issues impacting product sales and development, investments and risk management.
As a member of this team, the Contracts Associate will:
- Support the SVI Contract & Product Development team’s efforts to develop new products, adapt existing products for new markets, and keep in-force business current through periodic reviews and amendments
- Manage individual project plans
- Act as department’s coordinator for records retention requirements and procedures manual
- Coordinate activity with other members of the SVI team as well as internal support groups (Client Services, Actuarial, Underwriting, and Legal) on product, contract, compliance and business issues
- Review on-going transactional (deposit/withdrawal) activity requests from clients to ensure contractual compliance
- Prepare state insurance department filings of contracts and amendments
- Manage filing progress through System for Electronic Rates and Forms Filing (SERFF); interact with state insurance department personnel as needed, as well as monitor and track all regulator correspondence
- Coordinate signature and delivery process of relevant documents
- Assist in preparation of presentation materials
- Assist in planning client conference calls, meetings and entertainment
- Lead or participate in group projects
- Ad-hoc administrative tasks including audit preparation, document archiving, and file maintenance
Qualifications:
- Bachelor’s Degree preferred.
- 1+ years work/intern experience in financial or insurance industry; fixed-income / stable value literacy a plus
- Professional communication skills with emphasis on strong, clear, and concise writing abilities
- Ability to adapt to changing priorities, manage deliverables and multi-task under pressure
- Strong organizational and interpersonal skills
- Ability to work independently and collaboratively in a team environment, with the tenacity to follow projects through to completion
- Proficiency in Microsoft Word, Outlook, PowerPoint, and Excel. Familiarity with SERFF, SalesForce or Tableau a plus
Salary range: $47,500-$72,500
Overtime eligible: Nonexempt
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: 88832
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