Contract Associate - Stable Value Investments
Contract Associate - Stable Value Investments
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$ 55000 - 75000
1 Vacancy
Job Description
Location Designation:Hybrid - 3 days per week
Our New York Life culture has laid the foundation for over 180 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 long-standing legacy in stability and growth. The strength revolves around our diversified multi-dimensional 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 will be part of an inclusive team guided by our belief to always be there for each otherproviding 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.
Role Overview:
The Stable Value Investments (SVI) Contract team is looking for a motivated and intellectually curious Contract Associate to support our business operations. This role focuses on drafting and filing group annuity contracts for stable value retirement income and guaranteed products. As part of an established leader in the stable value and guaranteed products industry you will have significant growth potential based on your addition to contract drafting and state regulatory filing you will gain insights into underwriting legal and regulatory issues and the investments and risk management aspects of our products
What Youll Do:
- Prepare state insurance department filings of contracts and amendments
- Manage filing progress through System for Electronic Rates and Forms Filing (SERFF) and directly via Insurance Department website; 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
- Support the teams efforts to develop new products adapt existing products for new markets and keep in-force business current through periodic reviews and amendments
- Manage project plans as business needs dictate
- Coordinate activity with other members of the SVI team as well as internal support groups (Sales Actuarial Guaranteed Products and Legal) on product contract compliance and business issues
- Underwriting reviews for prospective clients
- Review on-going transactional (deposit/withdrawal) activity requests from clients to ensure contractual compliance
- 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
What Youll Bring:
- Bachelors 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
#LI - EM1
#LI - HYBRID
Pay Transparency
Salary Range:$55000-$75000
Overtime eligible:Nonexempt
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 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 the 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 .
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Job Requisition ID: 92246
Required Experience:
IC
Employment Type
Full-Time
