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Senior Associate, Product Manager Institutional Life
at New York Life Insurance Company
New York, NY

Senior Associate, Product Manager Institutional Life
at New York Life Insurance Company
New York, NY

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A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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.


The product management role will primarily involve responsibility for supporting the investment components of IL’s Corporate Owned Life Insurance (COLI) and Bank Owned Life Insurance (BOLI) products and will also include broader product management support.

  • Assume responsibility for updating COLI investment collateral, e.g., general marketing of the COLI investment platform, performance reporting for COLI managed separate accounts, approach to fund selection and due diligence, etc.
  • Produce monthly performance reports for registered and exempt investment divisions on the COLI investment platform
  • Coordinate the due diligence review and implementation of additions and changes to the COLI investment platform by coordinating with legal, product, compliance, operations, service, marketing, and third party investment managers
  • Assist with ongoing review and manager research of the COLI registered fund platform
  • Partner with product management colleagues to establish relationships with asset managers and obtain information as needed for reporting and marketing purposes, and for responding to ad hoc requests from the field
  • Assist in the design and implementation of custom investment strategies for private placement COLI
  • Perform financial underwriting of larger BOLI and COLI prospects to analyze the financial health and stability of the institution
  • Develop familiarity with general account and guaranteed separate account BOLI portfolios
  • Provide BOLI portfolio data in response to various scheduled information requests from distribution partners
  • Produce and update client-facing BOLI collateral, e.g., financial highlights and strengths of NYLIAC as a BOLI issuer, fact sheets on BOLI investment portfolios, etc.
  • Coordinate and distribute quarterly BOLI portfolio client reports and quarterly client calls
  • Work with BOLI investment managers and reporting team to provide responses to ad hoc field inquiries
  • Support IL distribution team on investment-related issues as needed with their sales efforts for both inforce clients and new prospects
  • Update and review regulatory and offering documents, e.g., product prospectuses and PPMs



  • Bachelor’s Degree preferred
  • 3+ years related experience required
  • Proficiency in Microsoft Excel and PowerPoint
  • Strong analytical skills required.
  • Ability to quickly absorb and internalize a variety of subject matters across different products and concepts
  • Ability to multi-task and appropriately prioritize multiple projects
  • Understanding the potential downstream effects of work
  • Ability to determine appropriate escalation paired with ability to make thoughtful recommendations
  • Requires excellent written and oral communication skills
  • High standards of accuracy and attention to detail



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