Portfolio Solutions Director

New York Life • New York, NY

183d • $140,000 - $200,000

About The Position

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance. As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others. You are our future, and we commit to investing in you accordingly. The Portfolio Solutions Team, part of the Office of the Chief Investment Officer (OCIO) at New York Life, plays a critical role in advancing the firm's general account strategy through quantitative analysis, third-party manager oversight, and strategic cross-functional initiatives. This team develops capabilities and delivers insights that directly enhance portfolio construction and investment performance. We are seeking a highly motivated and dynamic director to help develop and maintain a suite of advanced quantitative tools that deliver insights into performance attribution, relative value, and asset allocation across the general account portfolio. The ideal candidate will have a deep appreciation for the unique considerations of insurance general account investing and bring a mix of technical depth, investment acumen, and strategic thinking. This role presents a unique opportunity for the individual to help deliver actionable insights that inform portfolio construction and help shape long-term investment strategy.

Requirements

• 6+ years of experience working within or alongside insurance general account portfolios is required.
• Deep understanding of insurance-related investment principles, including statutory accounting (SAP/GAAP), RBC/capital requirements, and asset-liability management frameworks.
• Strong programming skills in Python or equivalent, with demonstrated experience in building investment analytics is preferred.
• Proficiency in SQL or similar database languages is also strongly preferred.
• Demonstrated ability to operate effectively within a large organization, with a strong process-driven mindset and a collaborative approach to cross-functional initiatives.
• High level of intellectual curiosity, professional maturity, and a solutions mindset aligned with a high-performing investment culture.

Responsibilities

• Support the design and deployment of analytical tools that enhance relative value frameworks while accounting for market dynamics, capital constraints, and insurance balance sheet considerations.
• Maintain and improve performance attribution models-both benchmark-relative and peer-relative-and integrate them into actionable dashboards and insights for portfolio managers.
• Partner in the development of scalable data management solutions that ensure clean, consistent, and accessible portfolio data to inform portfolio strategy.
• Collaborate with Asset-Liability Management (ALM), Risk, and Investment teams to incorporate balance sheet needs and regulatory constraints into the investment decision-making framework.

Benefits

• Full package of benefits for employees including leave programs, adoption assistance, and student loan repayment programs.
• Annual discretionary bonus eligibility.
• Incentive program participation eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 5,001-10,000 employees