NYL Investors LLC was formed in October 2013 as a wholly owned subsidiary of New York Life Insurance Company with the primary responsibility for managing the fixed income and real estate assets of New York Life and our otherstrategic partners. With over 300 professionals, the organization manages $309.1 billion of assets under management as of January 31, 2024, through our three investment groups.Seeking an Insurance Portfolio Manager that will become part of the General Account FI Portfolio Management team that is focused on driving value for the fixed income assets for the General Account. The candidate will be responsible for managing individual multi asset portfolios supporting various insurance product lines, while working with the team ensuring the overall strategic General Account portfolio goals are successful.What You'll Do:
- Manage activities of responsible portfolios with the scope of maximizing yield/returns achievable within a capital efficient framework and maintain a proper risk profile.
- Dynamically manage allocations across different asset classes based on cash flow, asset allocation needs, Asset/Liability profile, market conditions and adherence to the overall business plan.
- Incorporate all aspects of Insurance Portfolio management process, including performance attribution, risk exposures, NII projections, stress sensitivities to establish feedback loops with asset management team to drive portfolio value.
- Work independently and collaboratively with a group of seasoned professionals to guide, consult, and influence business asset allocation and investment decisions, keep product pricing and in force business competitive and seek findings to optimize asset and sector allocations.
- Employ and assist in enhancing relative value frameworks to identify tactical asset opportunities that consider portfolio goals and constrains from an asset allocation, market, insurance, and balance sheet perspective.
- Coordinate with ALM group, trading, derivatives, and risk management to ensure alignment with business goals and parameters.What You'll Bring:
- An undergraduate degree is required preferably with a concentration in Finance, Economics.
- A bachelor's degree is required, with a focus in Finance, Economics, Accounting, Science, Math, or Technology, along with 7+ years of experience in the Insurance or Asset Management industry.
- Experience managing complex cross-sector insurance portfolios, including fixed income, real estate, and private credit.
- Demonstrated ability to think independently and adopt innovative approaches to investment and asset allocation strategies, particularly in insurance portfolio management.
- Expertise in analyzing various fixed income products, evaluating risk factors, assessing their impact on valuations, and synthesizing information to make timely and confident decisions.
- Familiarity with insurance general account investing and portfolio management, considering balance sheet, capital, and risk constraints.
- Capability to navigate and collaborate within large, matrixed organizations with multiple decision-makers and stakeholders.Nice to Have:
- Experience using Python.
- Ability to navigate through complex problems.Pay TransparencySalary Range: $120,000-$205,000Discretionary bonus eligible: YesActual 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.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.Our Diversity PromiseWe 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.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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.Job Requisition ID: 90285 #J-18808-Ljbffr