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.
Develops, directs and provides the necessary leadership for the plan and execution for the Architecture and Design area based upon the optimum use of cost effective technology to meet business needs in support of short and long term strategies. Responsible for the overall architecture for New York Life Direct’s new and existing applications. Provides end-to-end technology support and technical leadership across Information Systems Department and to customer departments.
- Leads the evolution of the architects function/program. (Strategize, architect, lead, govern and communicate.
- Understands, advocates and supports the enterprise’s IT Strategies
- Responsible for overall technical architecture. Provides end-to-end architecture support from pre-project initiation to post implementation, for large scale and/or complex major initiatives that are either driven by the business or involve major technology infrastructure investments. Also handles smaller initiatives as required and ad hoc requests for architectural and technology direction.
- Leads analysis of the current IT environment to detect critical deficiencies and recommends and delivers solutions for improvements. Develops recommendations and creates presentations for senior management.
- Promotes the enterprise architecture process, outcomes and results to the organization, including the enterprise’s IT and business leaders.
- Leads the development of an implementation plan for the EA based on business requirements and IT strategies. Defines the principles to guilds solutions.
- Research, planning and coordination of the implementation of new technology
- Act as a resource to the Applications team to resolve technical issues
- Ensure that the optimal governance structure and compliance activities are associated with the EA compliance, corporate IT vision, strategy, principles and standards.
- Consult with Value Stream teams to fit projects to enterprise architecture, as well as to identify when it is necessary to modify the enterprise architecture to accommodate project needs and grow
- Lead the development and execution of the communication and education plan for enterprise architecture.
- Access and communicate the value of the enterprise architecture. “Sell” the architecture process, its outcomes and ongoing results.
- Manages employees and conducts evaluations and provides coaching.
- Works closely with SRG to ensure alignment of plans with what is being delivered.
- Perform additional project work when assigned.
- Ability to work closely with other technical team members and customers
- Strong communications skills and the ability to self manage.
- Directs teams and project groups to investigate technology solutions to address business needs and objectives.
- Directs, motivates, develops and manage performance of direct reports
- Work closely with corporate to monitor and leverage investments across New York Life.
- Monitor and support of all New York Life Direct’s Operation Technology
- Develops and implements complex technical infrastructure components.
- Disaster Recovery long term planning
- Capacity planning and performance tuning
- Analyze hardware/software problems and develop resolutions
- Assists in managing systems integrity and availability
- Assists in ensuring that the users are adhering to operating and security procedures
- Assists and mentors, as needed, imparting overall knowledge of systems being architected, and technologies used, as needed. Provides insight for overall architecture strategies and specific initiatives in each of the A&D domain areas
- Maintains overall knowledge of existing application/system Portfolio and knowledge of IT profile associated with various locations/businesses with the Company, via architectural reviews, assessments and Level 3 Support. Couples this knowledge with that of proposed applications/systems/infrastructure upgrade to identify opportunities for project aggregation, system retirements and rejection of potential or proposed initiatives, and assistance in project planning and estimating
- Bachelor’s degree or related experience in computer science, computer engineering, systems analysis
or related filed of study.
- Seven to 10 years of experience in at least two IT disciplines (such as technical architecture, application
development, middleware, information analysis, database management or operations) in a multi-tier
- Broad knowledge of hardware, software, including iSeries, Unix, Intel, web servers, middleware,
portal software, SOA.
- Experience with layered architectures, re-usability concepts, abstractions layers and
- Experience with basic information management practices.
- Exposure to multiple, diverse technologies and processing environments.
- Exceptional interpersonal skills, including teamwork, facilitation and negotiation.
- Strong leadership skills
- Excellent analytical and technical skills
- Excellent written and verbal communication skills.
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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.