Pension Risk Transfer Benefits & Implementation Associate

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

Benefits offered by this job

Discretionary bonus eligible

Incentive program eligibility

Job summary

New York Life is seeking a Pension Risk Transfer Benefits & Implementation Associate to help convert complex pension promises into secure, payable retirement benefits. You’ll analyze large participant datasets, interpret contract provisions, and perform benefit calculations while collaborating with actuaries, IT, and operations teams.

You will support installation and ongoing administration of group annuity contracts, participating in client sessions to ensure accuracy, scalability, and a

Qualifications

• Bachelor’s degree required; strong analytical and quantitative aptitude.
• 2+ years of experience in data analysis, actuarial support, financial operations, or related analytical role.
• Proficiency with Excel and data reconciliation; familiarity with SQL, Python, or other data tools is a plus.
• Excellent oral and written communication; ability to explain complex concepts clearly.
• Interest in learning provisions of group annuity contracts and related calculations.

Responsibilities

• Analyze, reconcile, and validate large participant datasets for alignment across systems.
• Perform complex benefit calculations, including lump sums and census-based adjustments.
• Interpret group annuity contract provisions and apply them to calculations and configurations.
• Support installation and conversion of group annuity contracts with data setup and coordination.
• Participate in client and internal sessions to track progress and resolve issues.
• Assist service teams with participant inquiries, claims, and death processing.
• Contribute to process improvements, testing, and efficiency initiatives.
• Take ownership of defined workstreams within larger projects under supervision.

Skills

Data analysis

Strong communication

Cross-functional collaboration

Problem-solving

Attention to detail

Education

Bachelor's degree

Tools

SQL

Python

Excel

Job description

Location Designation: Hybrid - 3 days per week

Role Overview:

At New York Life, our Pension Risk Transfer (PRT) business helps institutions secure the retirement futures of thousands of individuals. As a Pension Risk Transfer Benefits & Implementation Associate, you will help convert complex pension promises into secure, payable retirement benefits.

In this role, you’ll work hands‑on with large participant datasets, interpret group annuity contract provisions, and perform benefit calculations. You’ll support both the installation and ongoing administration of group annuity contracts, partnering closely with actuaries, technology teams, and service professionals to ensure accuracy, consistency, and a high‑quality client and participant experience.

What You’ll Do:

• 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.

What You’ll Bring:

• Bachelor’s degree required; strong analytical and quantitative aptitude.
• 2+ years of experience in data analysis, actuarial support, financial operations, or a related analytical role — or a strong quantitative background with demonstrated problem‑solving skills.
• Proficiency with Excel and data reconciliation; familiarity with SQL, Python, or other data tools is a plus.
• Strong oral and written communication skills, with the ability to explain complex concepts to a variety of audiences.
• Interest in learning and applying the provisions of group annuity contracts and performing related mathematical calculations.
• Experience with defined benefit pension plans is a plus, but not required.
• A positive attitude, strong accountability, and sound judgment.
• Ability to work independently while remaining flexible and collaborative within a team environment.
• Comfort operating in a fast-paced, cross‑functional setting, partnering with experienced professionals across actuarial, technology, and service teams.
• Curiosity and motivation to understand how technical work translates into real‑world retirement outcomes.

Pay Transparency

• Salary Range: $60,000-$80,000
• 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.

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 communities—inviting bold thinking, collaborative problem‑solving, and purpose-driven innovation. Here, you’ll 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 what’s 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.

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.