Pension Risk Transfer PRT Implementation Analyst 91402
Pension Risk Transfer PRT Implementation Analyst 91402
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$ 62400 - 80000
1 Vacancy
Job Description
Location Designation:Hybrid 3 days per week
Our New York Life culture has laid the foundation for over 175 years of commitment to our employees agents policy owners and the communities where we live and work. Here you become a valued part of a welcoming inclusive and caring organization with a longstanding legacy in stability and growth. The strength revolves around our diversified multidimensional business portfolio that goes beyond life insurance.
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 willbe part ofan inclusive teamguided by our belief to always be there for each otherproviding the support and flexibilityto 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.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
This position involves ahybrid work schedule working remotely: Monday & Friday / on site: Tuesday Wednesdayand Thursday.
At Institutional Annuities New York Lifes specialized annuity business youll play a pivotal role in crafting financial stability for businesses and institutions nationwide. Our diverse suite of annuity products ranging from capital market offerings to pension risk transfer solutions empowers organizations of all sizes to navigate risk and secure their future financial obligations.
Role Overview:
Were looking for a detailoriented and proactive Analyst to join our PRT Installation Team! In this role youll be responsible for supporting the onboarding of new Pension Risk Transfer business. Your main tasks will involve setting up annuitant payments tracking data producing certificates and providing general support to our Service team. Strong Excel and analytical skills as well as good communication are key to your success in this role. If youre familiar with Pension Plans thats a plus!
What Youll Do:
- Help onboard and maintain databases for PRT annuitants on new sales.
- Perform lump sum illustrations benefit split calculations for QDROs and premium changes due to annuitant census updates.
- Convert annuitant data into a consistent format for use in pricing models.
- Be the goto resource for interpreting group annuity contract provisions and related benefit quotations.
- Provide technical analytical and testing support for projects aimed at improving processing efficiency.
- Assist with inquiries from annuitants financial institutions and clients to maintain excellent service.
- Answer technical questions related to claims death processing and other PRT block operations.
- Stay up to date with operational procedures.
What Youll Bring:
- Bachelors degree and strong math aptitude.
- 2 years of related experience.
- Advanced Excel skills.
- Strong communication skills youll be working with teams at all levels.
- A positive attitude and a collaborative mindset.
- An interest in learning the ins and outs of PRT contracts and performing related calculations.
- Accountability good decisionmaking and ethical behavior.
Bonus Points for:
- Knowledge of defined benefit pension plans is a big plus!
- Taking the lead on projects when needed.
- Being able to work independently while staying flexible to meet team goals.
If youre looking for an opportunity to collaborate with a supportive team and take on challenges wed love to hear from you!
This position involves ahybrid work schedule working remotely: Monday & Friday / on site: Tuesday Wednesdayand Thursday.
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Pay Transparency
Salary Range:$62400$80000
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 individuals 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 Lifes leadership in this space.
Recognized as one of Fortunes Worlds Most Admired Companies New York Life is committed to improving local communities through a culture of employee giving and volunteerism supported by theFoundation.Were 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.
Job Requisition ID:91402
Required Experience:
IC
Employment Type
Full-Time
