Job Description

New York Life Insurance (NYL) is seeking an experienced leader to join our dynamic, high-performing team with a focus on providing top level service to our institutional clients with an industry leading business unit. 

New York Life Insurance Company (“New York Life” or “the company”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico. Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for over 170 years.

New York Life is one of the most financially strong and highly capitalized insurers in the business. The Institutional Life (IL) department offers sophisticated life insurance products in the Bank Owned Life Insurance (BOLI), Corporate Owned Life Insurance (COLI) and corporate sponsored markets, designed to support highly compensated executives and professionals.

As a leader of an IL team, you will have the opportunity to make an impact on a group of professionals using your mentorship and guidance in our entrepreneurial environment that promotes career growth. This role will collaborate across the IL Case Management teams to improve processes and help modernize the business. If you are looking for a career path in financial services and have strong leadership skills, strong analytical skills, good attention to detail, and enjoy people this is an excellent opportunity to join New York Life.

Primary Responsibilities:

This is a leadership role first and foremost with the responsibility and oversight of our team members on the COLI/BOLI Processing team. This position will report to the Corporate Vice President of Case Management with oversight of the COLI Relationship Management team, the BOLI Relationship Management team, and the COLI/BOLI Processing team. Areas of responsibilities and oversight include people development, BOLI workflow management, COLI workflow management, and managing projects relevant to this team’s discipline. This is an excellent opportunity for a highly competent, driven, “team-first” professional to join an organization that values teamwork, service to community, and a client-first approach to business.

Responsibilities for this role include:

Providing leadership, guidance, and mentorship to professionals
Prioritize team workload to ensure all commitments to our clients are met in a timely manner
Quality review the data inputs from your team (i.e. new premium, inforce processing review)
Quality review and sign off for policy related disbursements
Maintain processing procedures for all transactions falling within team’s discipline
Support the team by reviewing ‘outside the box’ questions and provide timely answers
Proactively identify risk within the organization and propose solution for mitigation
Interact with Accounting Department, research problematic accounting and assist with resolution
Organize and facilitate training for direct reports
Ability to assist team with questions regarding premium tax calculations (i.e. Recapture Ceiling, NPT, 7-Pay capacity, GDL capacity)
Project management and support with strong prioritization skills
Support business improvement initiatives  

Qualifications:

Strong leadership skills with a people first approach
Strong Customer Service skills
Strong soft skills
Strong critical thinking skills and attention to detail
Strong computer skills; proficient knowledge of Microsoft Word, Excel, and Access
Strong project management skills
Strong written and oral communication skills
Ability to “think outside the box” and implement creative solutions
Ability to prioritize and multi-task without supervision
Ability to manage a heavy workload and be a self-starter  
Experience within the COLI and BOLI industry preferred
Experience with COLI and BOLI plan designs preferred; i.e.: Split Dollar, Deferred Compensation, and 162 Bonus Plans a plus

Education:

Bachelor’s degree with 5-10 years equivalent related experience
FINRA Series 6 designation must be obtained within 12 months of hire   
Professional designation or working toward a designation such as FLMI; obtain Loma 1 and 2 within 12 months of hire