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 Monterey 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 2015 operating earnings of $1.875 billion. Total assets under management at year end 2015, with affiliates, totaled $528 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 8/11/15).
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 role of the Data Steward is to own decisions on the lifecycle of data within platforms that aggregate and integrate data across lines of business, functional areas and data domains for reporting and analytics purposes. The scope of decisions include what data are loaded into the aggregated source, how much history is required, how should the data be organized and/or categorized, how long should data be retained, and what are the valid uses of the data. The Data Steward may be accountable for multiple aggregated data stores.
- Assess business requirements for Enterprise analytics and reporting and determine the best sources and types of data to fulfill requirements
- Verify reporting and analytics requirements and provide measures and scorecards to monitor data quality
- Collaborate with functional and enterprise data stewards to coordinate data sourcing and valid usages
- Inform data profiling requirements to assess data quality of potential source systems
- Develop detailed requirements and manage the data ingestion, extraction, transformation and load (ETL) processes, working closely with technology engineers
- Perform librarian / information science activities to catalog and categorize data, develop taxonomy, maintain related business glossary entries, and develop metadata standards
- Measure consumption by reporting and analyzing on who uses the enterprise data stores, how often is it used, and for what purpose
- Develop and report on business value realization from information usage and analytical insight
- Communicate, market and provide consulting on the art of the possible based on opportunities to leverage aggregated and integrated data stores
- Provide insight and recommendations on appropriate policy on record retention
- Develop long range pipeline of demand for new data and domains
Education / Training
- Bachelor’s degree; equivalent work experience accepted
- M.B.A. or Master’s in Management or Technology; equivalent work experience accepted
- 7-10+ years of relevant experience in information management
- Demonstrated leadership governing/stewarding data and developing information management standards
- Experience organizing and influencing across lines of business and functional areas
- Experience in leading change and managing transitions is highly desirable
Required Skills / Knowledge
- Demonstrated experiences and expertise in information management strategy, methodologies, tools and techniques with special emphasis on information management policy, taxonomies and business glossaries, data stewardship, data quality, and master data management services design and implementation
- Demonstrated ability to collaborate, communicate, build relationships, mentor and influence a community of data professionals across lines of business and functional areas
- Strong written, verbal and communication skills with the demonstrated ability to work with all levels within the organization
- Experience in business process design and data standards development
- Experience in managing structured and unstructured information
- Awareness of relevant and emerging financial services / insurance data standards
- Familiarity with IT functions and services
- Strong organizational, analytical, decision-making and problem solving skills; accuracy and attention to details
- Ability to work in a fast-paced environment and manage multiple simultaneous priorities
- Demonstrated ability to think end-to-end, connect moving parts, and anticipate and manage change impacts
- Ability to define and leverage metrics to drive performance and outcomes
- Working knowledge of MS Word, Excel, and PowerPoint.
- Experience with visualization tools like Spotfire is desirable.
- Possesses a deep understanding of current and future information management technologies and applications.
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- Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015. See http://fortune.com/fortune500/2015/ for methodology.
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.
Meet Some of New York Life Technology's Employees
Praddy uses data and new technologies in order to develop, test, and ultimately implement new applications for New York Life's business operations.
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