ALM Investments Manager

New York Life Insurance; New York (NY); Hybrid; USD 137,000 - 238,000; Full time

Job summary

An established industry player seeks a talented individual to join their Corporate Finance team. This role involves collaborating with diverse business units to provide financial insights and support strategic decision-making. You will be responsible for enhancing investment models, conducting detailed analyses of investment portfolios, and communicating results to senior management. The company values inclusivity and is committed to investing in its employees, offering a dynamic work environment where you can grow your career while making a meaningful impact. If you are passionate about finance and analytics, this opportunity is perfect for you.

Benefits

Leave Programs

Adoption Assistance

Student Loan Repayment Programs

Annual Discretionary Bonus

Qualifications

• Strong quantitative and analytical skills required for financial insights.
• Bachelor's degree in a quantitative field preferred.

Responsibilities

• Design and maintain investment models for income and asset allocation.
• Provide investment support to senior management and coordinate with teams.

Skills

Quantitative Skills

Analytical Skills

Business Communication

Excel (VBA)

Programming (Python, R, C++)

Knowledge of Fixed Income Asset Classes

CFA Progress

Financial Reporting

Education

Bachelor's Degree in Quantitative Area

Tools

Excel

ALM Analytics Platform (Beason)

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 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 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.

Join Corporate Finance where expertise meets strategic impact. Partner with diverse business units, providing financial insights and guiding sound decision-making. You'll work collaboratively to ensure data accuracy, implement robust controls, and safeguard policy owner interests. Become part of a team dedicated to financial stewardship, enabling business performance, and paving the way for a secure future for generations to come.

The ALM & Investment Strategy Team’s mission at New York Life is to effectively partner with the business, finance, and asset management teams to research, develop, and implement investment strategies that help meet business and financial objectives. These goals heavily depend on robust models and data.

What You'll Do:

• Participate in the design, maintenance, and enhancement of project model for investment income, asset allocation, and forward-looking yield expectations. This will also include a focus on continuous improvement of the current process and models.
• Coordinate investment projections efforts with other teams within the finance department and the business as well as the investment areas.
• Provide Investment support to Finance senior management and the business, including, but not limited to:

• Regular production of analyses of the unit’s investment portfolios, including detailed attribution of the investment results.
• Responding to ad-hoc requests, such as scenario analysis and investment activity updates.

• Complete monthly analysis of asset portfolio yields, investment expenses, and other investment costs to use in crediting rates setting of multiple product lines.
• Communicate the results and the analysis to senior management as well as business line CFOs.
• Participate in corporate planning process by generating investment projections for the company’s portfolios.
• Attribute asset portfolio performance, including actual to expected investment outcomes versus expected plan.
• Support ALM analysis through development of investment models and analytics to be used in the development and implementation of portfolio hedging and investment strategies.
• Work with the quantitative ALM team on transition and automation of the current investment projection model(s) into the new ALM Analytics platform (Beason).

What You'll Bring:

• Highly developed quantitative and analytical skills.
• Strong business communication skills.
• Bachelor’s degree preferred or higher in quantitative area.
• Strong proficiency with Excel (VBA a strong plus).
• Advanced programming background in any of Database languages, Python, R, C++, a strong plus.
• Ability to work independently.
• Advanced knowledge of various structured and non-structured fixed income asset classes.
• CFA or progress toward a CFA a plus.
• Familiarity with insurance company finance and liabilities.
• Experience with financial reporting and large data processes, a plus.

Pay Transparency

Salary Range: $137,500-$237,500

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 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.

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.

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 Life’s leadership in this space.

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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Job Requisition ID: 91717