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 & 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.
General Profile :
Employee will contribute to the Company's overall supervision of agent and field manager social networking and e-mail activity. He or she will have primary responsibility for reviewing and approving social networking static content, as well as ongoing activity that calls for review. Employee will also contribute to the monitoring of agent e-mail, whether outgoing, incoming, or internal, consistent with Company and industry requirements. Finally, employee will manage multiple assignments that carry over to other supervisory and compliance functions, including but not limited to ad hoc reviews/investigations, and other miscellenaeous items.
Review and provide feedback on agent and field manager outgoing, incoming, and internal e-mail, to ensure compliance with applicable Company and regulatory rules.
Compile and report on email statistic and trends to department head and provide improvement opportunities.
Manage Eagle reporting and field distribution.
Perform quarterly gift log/FUEL reconciliation.
Review and approve agent reinstatement requests.
Oversee the Virginia Securities project.
Oversee DNC process related to state notification and payment.
Manage multiple, varying responsibilities, in response to regulatory and/or Company procedural changes and red flags requiring attention.
Functional Knowledge :
FINRA Series 7 and 24
Candidate will need to understand both Company and FINRA rules regarding static content on social networking sites, as well as Company and FINRA rules regarding electronic communications. Candidate will need to have at least a basic knowledge of NYL products and services to do this job effectively.
As reflected above, candidate will need to understand the business of New York Life to be in a position to appropriately flag and address items of concern in social networking posts and/or e-mail.
Problem Solving :
Must have the ability to exercise good judgment, be a self-starter, and be proactive to effectively manage situations that are "in the gray."
Decision Making/ Nature of Impact :
Must also have excellent organizational skills in order to manage peaks and valleys of volume requiring review.
Communication Requirements :
Excellent written and verbal skills, in order to effectively provide feedback to agents and managers as necessary.
SF:LI-MC1 SF:EF-MC1 EOE M/F/D/V
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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 http://fortune.com/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 management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.