What are the responsibilities and job description for the Senior Associate, Institutional Retirement Income Solutions position at New York Life?
Location Designation: Hybrid - 3 days per week
Role Overview
As a Senior Associate within New York Life's Institutional Retirement Income Solutions team, you'll play a key role in driving growth across two of the company's strategic business segments: Defined Contribution (DC) Retirement Income and Pension Risk Transfer (PRT). This is a unique opportunity to work at the intersection of product strategy, market analysis, and business development in a rapidly evolving retirement landscape. You'll support strategic initiatives, contribute to competitive positioning, and help shape how New York Life delivers retirement security to plan sponsors and participants. Your analytical mindset and collaborative approach will directly support the team's mission to expand NYL's presence in the institutional retirement market.
What You'll Do
Salary Range: $90,000-$120,000
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. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
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. Click here to learn more about New York Life’s leadership in this space.
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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.
Job Requisition ID: 93406
Role Overview
As a Senior Associate within New York Life's Institutional Retirement Income Solutions team, you'll play a key role in driving growth across two of the company's strategic business segments: Defined Contribution (DC) Retirement Income and Pension Risk Transfer (PRT). This is a unique opportunity to work at the intersection of product strategy, market analysis, and business development in a rapidly evolving retirement landscape. You'll support strategic initiatives, contribute to competitive positioning, and help shape how New York Life delivers retirement security to plan sponsors and participants. Your analytical mindset and collaborative approach will directly support the team's mission to expand NYL's presence in the institutional retirement market.
What You'll Do
- Support PRT product management activities, including pricing coordination, case support, process improvement initiatives, and leading internal and external discussions to ensure transactions are executed successfully
- Conduct market research and competitive analysis to inform strategic positioning and identify growth opportunities
- Develop financial models and analytical frameworks to evaluate business opportunities and support decision-making
- Assist in developing materials for partnership discussions, client presentations, and internal leadership meetings
- Support advisor and consultant outreach efforts to build awareness of NYL's retirement income solutions
- Monitor industry trends, regulatory developments, and competitive dynamics across DC and PRT markets
- Collaborate cross-functionally with distribution, operations, legal, and actuarial teams to advance strategic priorities
- Contribute to special projects and initiatives that support the growth of the Institutional Retirement Income business
- Bachelor’s degree preferred – bonus if in business, mathematics, economics, finance, actuarial science related areas with strong quantitative and analytical skills
- 3 years of professional experience, ideally in financial services, asset management, insurance, or retirement-related fields
- Strong analytical and problem-solving skills with the ability to synthesize complex information
- Proficiency in Excel and PowerPoint; comfort building models and creating executive-ready presentations
- Excellent written and verbal communication skills
- Intellectual curiosity and a desire to learn about retirement products, markets, and competitive dynamics
- Ability to manage multiple priorities and work both independently and collaboratively
- Experience in retirement, annuities, or institutional markets is a plus but not required
- Candidates must be willing to obtain Life/Accident/Health insurer licensing credentials
Salary Range: $90,000-$120,000
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. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
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. Click here to learn more about New York Life’s leadership in this space.
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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.
Job Requisition ID: 93406
Salary : $90,000 - $120,000