Pension Risk Transfer (PRT) Implementation Analyst

Location Designation:Hybrid - 3 days per week

This position involves ahybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesdayand Thursday.

At Institutional Annuities, New York Life's specialized annuity business, you'll play a pivotal role in crafting financial stability for businesses and institutions nationwide. Our diverse suite of annuity products, ranging from capital market offerings to pension risk transfer solutions, empowers organizations of all sizes to navigate risk and secure their future financial obligations.

Role Overview:

We're looking for a detail-oriented and proactive Analyst to join our PRT Installation Team! In this role, you'll be responsible for supporting the onboarding of new Pension Risk Transfer business. Your main tasks will involve setting up annuitant payments, tracking data, producing certificates, and providing general support to our Service team. Strong Excel and analytical skills as well as good communication are key to your success in this role. If you're familiar with Pension Plans, that's a plus!

What You'll Do:

• Help onboard and maintain databases for PRT annuitants on new sales.
• Perform lump sum illustrations, benefit split calculations for QDROs, and premium changes due to annuitant census updates.
• Convert annuitant data into a consistent format for use in pricing models.
• Be the go-to resource for interpreting group annuity contract provisions and related benefit quotations.
• Provide technical, analytical, and testing support for projects aimed at improving processing efficiency.
• Assist with inquiries from annuitants, financial institutions, and clients to maintain excellent service.
• Answer technical questions related to claims, death processing, and other PRT block operations.
• Stay up to date with operational procedures.

What You'll Bring:

• Bachelor's degree and strong math aptitude.
• 2+ years of related experience.
• Advanced Excel skills.
• Strong communication skills - you'll be working with teams at all levels.
• A positive attitude and a collaborative mindset.
• An interest in learning the ins and outs of PRT contracts and performing related calculations.
• Accountability, good decision-making, and ethical behavior.

Bonus Points for:

• Knowledge of defined benefit pension plans is a big plus!
• Taking the lead on projects when needed.
• Being able to work independently while staying flexible to meet team goals.

If you're looking for an opportunity to collaborate with a supportive team and take on challenges, we'd love to hear from you!

This position involves ahybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesdayand Thursday.

#LI-KH1
#LI-HYBRID

Pay Transparency

Salary Range:$62,400-$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.

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 Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

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 theFoundation.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:91402