Contract Associate, Stable Value Investments

New York Life • Jersey City, NJ

21h • $51,500 - $73,500 • Hybrid

About The Position

The Stable Value Investments (SVI) Contract team is seeking a motivated and intellectually curious Contract Associate to support business operations. The role focuses on drafting and filing group annuity contracts for stable value, retirement income, and guaranteed products. The position also offers exposure to underwriting, legal and regulatory issues, and the investments and risk management aspects of the products. Growth potential is based on performance.

The role is part of New York Life’s Institutional Annuities business, which provides annuity products including capital market offerings and pension risk transfer solutions to businesses and institutions.

Requirements

• Bachelor’s degree preferred.
• At least 1 year of work or internship experience in the financial or insurance industry.
• Professional communication skills, with strong, clear, and concise writing abilities.
• Ability to adapt to changing priorities, manage deliverables, and multitask under pressure.
• Strong organizational and interpersonal skills.
• Ability to work independently and collaboratively in a team environment and follow projects through to completion.
• Proficiency in Microsoft Word, Outlook, PowerPoint, and Excel.

Nice To Haves

• Fixed-income or stable value literacy.
• Familiarity with SERFF, SalesForce, or Tableau.

Responsibilities

• Prepare state insurance department filings of contracts and amendments.
• Manage filing progress through SERFF and insurance department websites; interact with state insurance department personnel as needed and monitor and track regulator correspondence.
• Coordinate the signature and delivery process for relevant documents.
• Support development of new products, adaptation of existing products for new markets, and periodic reviews and amendments to keep in-force business current.
• Manage project plans as business needs dictate.
• Coordinate with SVI team members and internal support groups, including Sales, Actuarial, Guaranteed Products, and Legal, on product, contract, compliance, and business issues.
• Conduct underwriting reviews for prospective clients.
• Review ongoing client transactional deposit and withdrawal requests for contractual compliance.
• Assist in preparing presentation materials.
• Assist in planning client conference calls, meetings, and entertainment.
• Lead or participate in group projects.
• Perform ad hoc administrative tasks, including audit preparation, document archiving, and file maintenance.

Benefits

• Full package of employee benefits.
• Leave programs.
• Adoption assistance.
• Student loan repayment programs.
• Annual discretionary bonus; employees may also be eligible for an incentive program.

What This Job Offers

• Career Level: Entry Level