Senior Associate, Alternatives OCIO

New York Life • New York, NY

2d • $110,000 - $150,000 • Hybrid

About The Position

New York Life’s Office of the Chief Investment Officer (OCIO) is seeking a high-caliber Senior Associate to join its Alternatives team. This role offers a unique opportunity to work at the intersection of private markets investing and insurance-based asset management, supporting the construction and stewardship of a large, long-duration institutional portfolio.
The Senior Associate will play a meaningful role in sourcing, evaluating, and managing alternative investments designed to enhance the General Account’s long-term, risk-adjusted returns. The position is well suited for an analytically strong investment professional who is intellectually curious, highly collaborative, and motivated by long-term investing within a purpose-driven organization.

Requirements

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field
• 2–5 years of experience in an investment, financial analysis, or institutional asset management role
• Strong analytical and quantitative skills, including financial modeling and investment valuation
• Excellent written and verbal communication skills, with the ability to synthesize complex information
• Highly organized with strong attention to detail and the ability to manage multiple priorities
• Collaborative, team-oriented mindset with comfort working in a dynamic environment
• Intellectual curiosity and a genuine interest in long-term investing within an insurance context

Nice To Haves

• Progress toward CFA or other relevant professional designation preferred
• Prior exposure to alternative asset classes, private markets, or insurance-oriented investing is strongly preferred

Responsibilities

• Support underwriting of new alternative investment opportunities across private equity, private credit, and structured solutions
• Perform detailed financial analysis, scenario testing, and risk assessments
• Prepare high-quality investment memoranda and supporting materials for senior leadership and investment committees
• Partner with senior team members on idea generation and balance-sheet optimization, with a focus on capital efficiency and risk capacity
• Assist in researching and evaluating fund managers, strategies, and emerging opportunities within the alternative asset landscape
• Monitor market trends, relative value, and structural considerations relevant to insurance portfolios
• Track performance and exposures of existing alternative investments
• Support portfolio construction, allocation monitoring, and ongoing risk management
• Prepare periodic performance, attribution, and market-context reporting
• Help manage quarterly coverage and engagement cadence with internal stakeholders and external managers
• Work closely with OCIO partners including Business Development, Portfolio Solutions, and Portfolio Management within a manager-of-managers framework
• Coordinate with Legal, Compliance, Accounting, and Operations teams to support transaction execution, onboarding, and ongoing oversight
• Develop clear, concise materials for internal stakeholders, including senior management and investment committees
• Contribute to strategy discussions and ad-hoc analyses across the OCIO
• Support planning and execution of new initiatives and enhancements to existing investment programs
• Manage timelines, deliverables, and stakeholder coordination across multiple workstreams

Benefits

• We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs.
• Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level