Insurance Portfolio Manager Director / Senior Director

Location Designation: Hybrid - 3 days per week 

 

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 other strategic 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.

 

What You’ll Do:

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.  

 

• 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:

• Strong track record in managing complex cross sector insurance portfolios containing fixed income, real estate, and private credit.
• A proven ability to think independently, having taken an innovative approach to investment and asset allocation strategy in past roles, ideally as it relates to insurance portfolio management.
• Experience in critically analyzing different fixed income products, understanding the different risk factors, impacts to valuations and synthesize the information in a timely manner to drive confident decisions. 
• Experience in insurance general account investing and portfolio approach, including balance sheet, capital, and risk constraints.
• Ability to navigate and work effectively in large, matrixed organization with multiple decision-makers and stakeholders.
• Strong team player and desire to mentor and contribute to the professional development of others.
• An undergraduate degree is required preferably with at concentration in Finance, Economics, Accounting, Science, Math, Technology.

Nice to Have:

• Data mining background
• Experience using Python 
• Ability to navigate through complex problems

#LI-AM1

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Pay Transparency

Salary Range:  $120,000-$205,000 

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 l