Pension Risk Transfer Benefits & Implementation Associate

Job DescriptionRequisition ID94795DepartmentInstitutional AnnuitiesJob FunctionInstitutional AnnuitiesLocationJersey City,New Jersey,United StatesRole Location DesignationHybrid - 3 days per weekLocation Designation: Hybrid - 3 days per weekRole Overview:At New York Life, our Pension Risk Transfer (PRT) business helps institutions secure the retirement futures of thousands of individuals. As a Pension Risk Transfer Benefits & Implementation Associate, you will help convert complex pension promises into secure, payable retirement benefits.In this role, you’ll work hands-on with large participant datasets, interpret group annuity contract provisions, and perform benefit calculations. You’ll support both the installation and ongoing administration of group annuity contracts, partnering closely with actuaries, technology teams, and service professionals to ensure accuracy, consistency, and a high-quality client and participant experience.What You’ll Do:• Analyze, reconcile, and validate large participant datasets to ensure alignment across actuarial, pricing, policy, and administrative systems.• Perform complex benefit calculations, including lump sums, QDRO splits, benefit illustrations, and census-based premium adjustments.• Interpret group annuity contract provisions and apply them accurately to benefit calculations and system configurations.• Support the installation and conversion of group annuity contracts, including participant data setup and coordination with actuaries, IT, and operations partners.• Participate in client and internal working sessions to track progress, identify data or calculation issues, and support timely resolution.• Support service teams by addressing technical questions related to participant inquiries, claims, and death processing.• Contribute to process improvements, system testing, and continuous enhancement initiatives to improve efficiency, scalability, and accuracy across PRT installations and ongoing support.• Take ownership of defined workstreams or components of larger projects, with guidance and review from more senior team members.What You’ll Bring:• Bachelor’s degree required; strong analytical and quantitative aptitude.• 2+ years of experience in data analysis, actuarial support, financial operations, or a related analytical role — or a strong quantitative background with demonstrated problem-solving skills.• Proficiency with Excel and data reconciliation; familiarity with SQL, Python, or other data tools is a plus.• Strong oral and written communication skills, with the ability to explain complex concepts to a variety of audiences.• Interest in learning and applying the provisions of group annuity contracts and performing related mathematical calculations.• Experience with defined benefit pension plans is a plus, but not required.• A positive attitude, strong accountability, and sound judgment.• Ability to work independently while remaining flexible and collaborative within a team environment.• Comfort operating in a fast-paced, cross-functional setting, partnering with experienced professionals across actuarial, technology, and service teams.• Curiosity and motivation to understand how technical work translates into real-world retirement outcomes.#LI-AP3#LI-HYBRIDPay TransparencySalary Range: $60,000-$80,000Overtime eligible: ExemptDiscretionary bonus eligible: YesSales bonus eligible: NoActual 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 OverviewAt 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 BenefitsWe 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 InclusionAt 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 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: 94795Read More #J-18808-Ljbffr