New York Life Investments hiring Insurance Portfolio Manager in New York, New York, United States | LinkedIn (2024)

Location Designation: Hybrid - 3 days per week

When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations.

Seeking an Insurance Portfolio Manager within the OCIO General Account Portfolio Management team. The candidate will be responsible for a wide array of portfolio management activities across individual multi asset portfolios that support specific business segments, while working very closely with the team to ensure the overall strategic General Account portfolio goals are successful within given risk parameters.

What You'll Do:

• Manage day-to-day activities of individual portfolios with the scope of maximizing yield/returns while ensuring portfolios remain compliant within guidelines.
• Dynamically manage allocations across different asset classes based on cash flow, asset allocation needs, duration and convexity and adherence to the overall business plan.
• Manage portfolios with a strong understanding of insurance company constraints related to Asset Liability Management, business P&L context, capital and risk.
• Coordinate with the Asset Liability Management team, derivatives team, and risk management to ensure alignment with business goals.
• Work independently and collaboratively with a group of seasoned professionals to guide, consult, and influence investment decision making, exercise critical judgement across asset and sector allocations and partner with quantitative research groups to drive investment strategies.
• Provide capital market and cross market expertise to enhance relative value frameworks to identify tactical asset opportunities that consider portfolio goals and constrains, market, insurance, and balance sheet perspective

What You'll Bring:Must Have:

• An undergraduate degree is required preferably with a concentration in Finance, Economics, Math, Technology, Science, Accounting.
• 5+ years of financial services experience at an insurance or investment management company, preferably with a strong track record in in managing complex cross sector fixed income insurance portfolios.
• Strong understanding of insurance products, liabilities and product pricing, asset allocation and/or fixed income markets.
• Applicant should be intellectually curious, self-motivated, detail-oriented, and possess strong analytical skills.
• Ability to work both independently and effectively in large, matrixed organization with multiple decision-makers and stakeholders.
• Proven ability to think independently, having taken an innovative approach to investment and asset allocation strategy in past roles, ideally as it relates to insurance portfolio management including balance sheet, capital, and risk constraints.
• Ability to make thoughtful and timely decisions combining informed judgments and consistent frameworks.
• Excellent written and oral communication skills.

Nice to Have:

• Data mining background
• Experience using Python
• Ability to navigate through complex problems

Salary range: $135,000-$200,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Click here to learn more about our benefits . Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

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. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn , our Newsroom and the Careers page of www.NewYorkLife.com .

Job Requisition ID: 90285