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New York Life Insurance Company · 5 hours ago

Pension Risk Transfer - Data Analyst

Jersey City, NJ

Full-time

Hybrid

Entry, Mid Level

$60K/yr - $80K/yr

2+ years exp

New York Life Insurance Company is a long-standing institution focused on providing financial security through its Pension Risk Transfer business. The Data Analyst role involves transforming complex pension data, ensuring accurate calculations, and supporting client experiences through effective data management and collaboration with various teams.

FinanceFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Lead the setup and maintenance of participant data for group annuity contracts; manage client meetings to track progress and resolve data issues

Analyze and reconcile large participant datasets to ensure alignment across actuarial, pricing, and policy systems

Calculate complex benefit illustrations such as lump sums, QDRO splits, and census-based premium adjustments

Standardize and convert census data for use in pricing models and system configurations

Interpret group annuity contract provisions and support Service team in benefit quotation processes

Collaborate with actuaries, IT, and business partners to ensure system accuracy during installations and conversions

Support service teams with participant inquiries and technical questions, including claims and death processing

Contribute to process improvements, system testing, and continuous enhancement initiatives to support installation efficiency

Qualification

Data analysisExcel proficiencySQLPythonDefined benefit plansCommunication skillsProblem-solvingTeam collaborationAttention to detail

Required

Bachelor's Degree required; strong analytical and quantitative aptitude

2+ years of experience in data analysis, actuarial support, or financial operations — or a strong quantitative background with demonstrated problem-solving skills

Strong oral and written communication skills. Must be able to effectively communicate with various internal/external clients and teams at different levels

A positive attitude and a willingness to work as a member of a close-knit team

Knowledge of, or a desire to learn, the provisions of group annuity contracts and ability to interpret them and perform related mathematical calculations

Accountable, ethical, good decision-making ability

Proficiency with Excel and data reconciliation required

Ability to take the lead on specific projects

Ability to work independently while remaining flexible to meet team goals

Proactive in identifying issues and developing creative solutions

Comfort working in a fast-paced, highly collaborative environment with exposure to senior leaders and cross-functional partners

Preferred

Familiarity with programming or database tools (SQL, Python, or similar)

Experience with defined benefit pension plans

Display an interest in understanding how pension promises are transformed into secure lifetime income

Benefits

Leave programs

Adoption assistance

Student loan repayment programs

Company

New York Life Insurance Company

For over 180 years, we’ve helped turn your biggest dreams into milestones that last a lifetime.

Founded in 1845

New York, New York, USA

10001+ employees

https://www.newyorklife.com/

H1B Sponsorship

New York Life Insurance Company has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (149)

2024 (99)

2023 (85)

2022 (77)

2021 (48)

2020 (65)