Pension Risk Transfer Analyst — Benefits & Implementation

New-York-Life; Jersey City (NJ); Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

Hybrid work model (3 days/week)

Leave programs

Adoption assistance

Student loan repayment

Job summary

New York Life is seeking a Pension Risk Transfer Benefits & Implementation Associate in Jersey City, NJ, to convert complex pension promises into secure retirement benefits. This role involves hands-on data work, benefit calculations, and collaboration with actuaries and IT teams.

The candidate should have aBachelor’s degree and 2+ years in data analysis or related roles, with strong Excel and familiarity with SQL or Python.

Qualifications

• Bachelor’s degree required; strong analytical and quantitative aptitude.

Responsibilities

• Analyze, reconcile, and validate large participant datasets to ensure alignment across actuarial, pricing, policy, and administrative systems.
• Perform complex benefit calculations, including lump sums, QDRO splits, benefit illustrations, and census-based premium adjustments.
• Interpret group annuity contract provisions and apply them accurately to benefit calculations and system configurations.
• Support the installation and conversion of group annuity contracts, including participant data setup and coordination with actuaries, IT, and operations partners.
• Participate in client and internal working sessions to track progress, identify data or calculation issues, and support timely resolution.
• Support service teams by addressing technical questions related to participant inquiries, claims, and death processing.
• Contribute to process improvements, system testing, and continuous enhancement initiatives to improve efficiency, scalability, and accuracy across PRT installations and ongoing support.
• Take ownership of defined workstreams or components of larger projects, with guidance and review from more senior team members.

Skills

Data analysis

Actuarial support

Financial operations

Excel

SQL

Python

Education

Bachelor’s degree

Tools

Excel

SQL

Python

Job description

New York Life is seeking a Pension Risk Transfer Benefits & Implementation Associate in Jersey City, NJ, to convert complex pension promises into secure retirement benefits. This role involves hands-on data work, benefit calculations, and collaboration with actuaries and IT teams.

The candidate should have aBachelor’s degree and 2+ years in data analysis or related roles, with strong Excel and familiarity with SQL or Python.