Institutional Client Service Representative
Job Location:
Jersey, NJ - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
Location Designation:Hybrid - 3 days per week
Role Overview:
The Institutional Client Service Representative plays a critical role in supporting institutional clients across our Stable Value and Guaranteed Products business this role you will ensure accurate trade processing resolve service-related issues and provide timely high-quality client support. You will also build and maintain strong relationships with clients and internal partners contributing to the continued growth and success of our institutional business.
Training & Development
You will receive training ongoing coaching and mentoring to develop expertise in institutional products contract provisions and transaction processing. Our supportive environment is designed to help you build the skills needed to excel while providing opportunities for career advancement within Client Services and the broader Institutional Investments team.
What Youll Do:
Process annuity requests for Group Annuity contracts in accordance with contractual provisions.
Process Required Minimum Distribution (RMD) requests.
Handle inbound/outbound calls from the customer service lines responding to both institutional and individual annuitant inquiries.
Provide up to date information for Institutional clients including pricing interest calculations account balances audit inquiries annuity quote request and information for tax filings.
Establish and maintain high quality internal and external customer relationships assessing and responding to their needs effectively.
Develop an understanding of operational procedures as well as company industry and regulatory policies and be able to communicate with clients regarding these matters.
Learn and maintain a strong working knowledge of multiple applications products and services.
Maintain files in accordance with company business policies.
Provide support to Stable Value Service group.
What Youll Bring:
Bachelors Degree or equivalent business experience.
General knowledge of Group Annuity Contracts and/or Stable Value Contracts a plus.
General knowledge of Pension Plans (Defined Benefit/Contribution) a plus.
Excellent time management organizational and multi-tasking skills required to effectively manage a diverse workload.
Strong written and verbal communication skills.
Ability to perform in a high volume fast paced call center environment.
Must be result oriented and a team player.
Ability to adapt quickly and remain effective in a dynamic fast-paced environment.
Demonstrated ability to apply technical industry knowledge to day-to-day issues and leverage technology for improved service delivery.
Flexible and resilient in a changing environment.
Willingness to assist with department initiatives and cross-functional projects contributing subject matter expertise and insights.
Candidates must live within 50 miles radius of our 30 Hudson Street Jersey City NJ 07302 location to be considered
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Pay Transparency
Salary Range:$45000-$52000
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.
Company Overview
At New York Life our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology- data- and AI-enabled organization we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communitiesinviting bold thinking collaborative problem-solving and purpose-driven innovation. Here youll find the rare balance of long-standing stability and forward momentum supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company we offer a place to grow your skills contribute to meaningful work and deliver solutions that matter. Your ideas drive whats next and your growth powers it.
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: 94064
Required Experience:
Unclear Seniority
About Company
Protect and build your future with comprehensive one-on-one guidance from New York Life. Learn about our life insurance and financial product offerings.
