Location Designation: Hybrid - 3 days per week
When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.
This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.
Primary Responsibilities:
This is first and foremost a leadership role with the responsibility and oversight of our team members on the Institution Life (IL) Compensation Team. This team is responsible for the management and payment of commissions and service fees to our Institutional Life products as well as our Third-Party Distribution (TPD) products. Areas of responsibilities include people development and managing the team’s workflow. This role requires close alignment with the New Business and Inforce Service functions and requires strong customer service in support of our IL and TPD producers, brokers, and servicers. Effective communication is required between this team and the producer offices as well as internal business partners. The individual will need to drive our business forward with innovative and creative problem solving. This individual will also champion change to enhance and/or streamline processes by working alongside our technology partners and team members.
Responsibilities for this role include:
- Providing leadership, guidance, and mentorship to professionals.
- Prioritize team workload to ensure all commitments to our clients are met in a timely manner.
- Manage relationships with internal field directors, sales support teams as well as producers and brokers.
- Quality review the data inputs from your team.
- Quality review and sign off on disbursements.
- Maintain procedures for all transactions falling within team’s discipline.
- Support the team by reviewing complex questions and providing timely answers.
- Proactively identify risks within the organization and propose solutions for mitigation.
- Interact with Accounting Department, Relationship Management, Client Care, TPD and Technology partners.
- Organize and facilitate training for direct reports.
- Ability to assist team with questions.
- Ability to prioritize and multi-task without supervision.
- Support business improvement initiatives.
Qualifications:
- Strong leadership skills with a people first approach.
- Strong Customer Service skills.
- Strong soft skills.
- Strong critical thinking skills and attention to detail.
- Strong computer skills; proficient knowledge of Microsoft Word, Excel, and Access.
- Strong project management skills.
- Strong written and oral communication skills.
- Ability to manage a heavy workload and be a self-starter.
- Experience within the COLI and BOLI industry preferred.
- Experience with insurance commissions preferred.
Education:
- Bachelor’s degree with 5-10 years equivalent related experience.
- FINRA Series 6 designation must be obtained within 12 months of hire.
- Professional designation or working toward a designation such as FLMI; obtain Loma 1 and 2 within 12 months of hire.
This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.
Salary range: $55,000-$92,500
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.
Please note: This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.
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. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.
United States
