Job Description
Requisition ID
94472
Department
Institutional Annuities
Job Function
Institutional Annuities
Location
Jersey City,New Jersey,United States
Role Location Designation
Hybrid – 3 days per week
Location Designation: Hybrid – 3 days per week
Business Unit Overview:
Institutional Annuities is New York Life’s growing specialized annuity business, helping millions of Americans build financial security for retirement. We partner with leading asset managers to deliver innovative retirement and investment solutions to corporations, government organizations, and educational institutions. Backed by New York Life’s financial strength, we help organizations manage risk and provide retirement security through solutions including stable value investments and pension risk transfer.
Role Overview:
As a Corporate Vice President within New York Life’s Institutional Retirement Income Solutions team, you’ll drive the expansion of our Pension Risk Transfer (PRT) capabilities, one of the company’s most important strategic growth areas. This is a unique opportunity to shape the products, structures, and positioning that will power the next phase of our growth in the PRT market. You’ll drive new capabilities from concept through launch, inform how New York Life competes, and work across the organization to turn strategic priorities into results. Your product mindset and ability to lead through influence will directly support the team’s mission to establish NYL as a leader in the institutional retirement market.
What You’ll Do:
• Capability expansion: deliver the expansion of New York Life’s PRT capabilities, including new product structures, market segments, and transaction types
• Business building: develop business cases and secure cross-functional alignment to bring new capabilities from concept through launch
• Product strategy and positioning: define product strategy and competitive positioning for the PRT business
• Market intelligence: monitor market trends, competitive dynamics, and industry developments to inform strategic priorities
• Cross-functional leadership: collaborate across actuarial, investments, legal, operations, and distribution to advance business initiatives
• Senior visibility: present business performance, strategy, and recommendations to senior leadership
• Cross-business contribution: support Defined Contribution Retirement Income initiatives as needed
What You’ll Bring:
• 8+ years of experience in Pension Risk Transfer, the defined benefit system, or institutional retirement markets
• Experience building or expanding products, capabilities, or businesses in financial services
• Strong command of PRT transaction structures and deal economics
• Demonstrated ability to lead cross-functional initiatives and influence without formal authority
• Strong analytical, communication, and executive presentation skills
• Bachelor’s degree in a quantitative or business discipline; actuarial credentials, CFA, or MBA a plus
• Candidates must be eligible and willing to obtain Life/Accident/Health insurance licensing credentials as required
Pay Transparency
Salary Range: $140,000-$170,000
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: 94472
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