Posted: Thursday, February 8, 2018 1:17 AM
New York Life Insurance Company ("New York Life" or "the company") is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.
New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2016 operating earnings of 1.954 billion. Total assets under management at year end 2016, with affiliates, totaled 538 billion. As of year:end 2016, New York Life's surplus was 23.336 billion**. New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody's Aaa; Standard and Poor's AA+. (Source: Individual Third Party Ratings Report as of 8/17/16).
Financial strength, integrity and humanity-the values upon which New York Life was founded-have guided the company's decisions and actions for over 170 years.
The Representative is responsible for client service and administration of group annuity contracts that fund pension plan obligations from our pension risk transfer business.
:Review and interpret contract language relative to calculating and processing retirement benefits
:Process benefit payments to retirees in our annuity payment systems
:Review and interpret contract language and retirement certificates relative to death benefits payable as a result of an annuitants death
:Review retirees forms and other supporting documentation for completeness and accuracy
:Handle inbound phone inquiries from retirees and/or their family member(s), financial institutions, and contract holders.
:Process routine financial and non:financial activity on client accounts with both expediency and accuracy
:Proactively manage assigned caseload
:Assist with projects as needed
Desired Skills and Experience
:Bachelors or associates degree preferred
:Strong analytical and problem solving skills
:Strong computer skills, including Word and Excel, with the ability to navigate multiple applications
:Strong organizational skills with the ability to multitask
:Excellent oral and written communication skills
:Customer service experience
:Ability to work independently while remaining flexible to meet team goals
:Ability to follow established procedures and stay current with internal control procedures
Position is for the hours of 9 to 5, Monday to Friday.
Competitive full:time base salary (non:exempt), plus target bonus eligibility
Paid Vacation, Health Care, 401K match, Pension Plan, Tuition Assistance, Flexible Spending Accounts
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*Based on revenue as reported by "Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual)," Fortune Magazine, June 17, 2016. See fortune/fortune500/ for methodology.
**Total surplus, which includes the Asset Valuation Reserve, is one of the key indicators of the company's long:term financial strength and stability and is presented on a consolidated basis of the company.
1. Operating earnings is the key measure use by management to track Company's profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US (GAAP), with certain adjustments Company believes to be appropriate as a measurement approach (non GAAP), primarily the removal of gains or losses on investments and related adjustments.
2. Assets under man
• Location: New Jersey
• Post ID: 157751367 nynj