Associate, Investment Accounting & Analysis


Date: Jul 1, 2022

Location: Jersey City, NJ, US

Company: New York Life Insurance Co



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.


Position Overview

The Associate – Investment Accounting & Analysis is responsible for leadership and management within the Investment Accounting area, including our co-sourcing team. Performs a variety of duties including GAAP/Stat reporting for the Investments of NYL on a monthly, quarterly, and annual basis, as well as other than temporary impairment reporting, monthly pricing, and implementing investment accounting policy.  In this capacity, the role insures that all relevant reporting is accurate and compliant with internal and external accounting policies and standards/regulations. The role also provides financial analysis that explains and supports the reported results.


Key Responsibilities

  • Work with Asset managers to determine and record Other Than Temporary Impairments on Fixed Maturities and Equities.  This includes developing and delivering internal reports to senior management,
  • Complete/review Statutory quarterly and annual regulatory reporting for fixed maturity and equity investments. 
  • Complete/review GAAP and Stat audited notes and disclosures for fixed income and equity securities.  This includes working with the Accounting Policy team to insure new pronouncements are properly documented.
  • Manage and review the pricing function to insure all fixed income and equity securities are appropriately priced.  This includes working with NYL Investors, Securities Operations, and pricing vendors to understand and document pricing methodologies. 
  • Interact with Internal Audit and PWC to insure compliance to investment accounting policies. 
  • Review and reconcile GAAP and Stat monthly trial balances.   
  • Insure SOX compliance, including developing and testing controls and procedures.  
  • Coordinate and review the impact of system upgrades (SAP / CAMRA).  Seek ways to continuously improve processes through innovation and process change.   
  • Implement and maintain Investment Accounting Policy in accordance with GAAP and Statutory standards/regulations. Involved in decisions and communication regarding new accounting pronouncements and implementation impact on both General Ledger and Investment Accounting Systems. Opportunity to interact with senior management and work on special projects.



  • Bachelor’s degree in Accounting or Finance
  • CPA (P) or MBA (P) SAP knowledge (P)
  • Proficiency in Microsoft Office, with strong working knowledge of Excel
  • Strong verbal and written communication skills


The salary range for this position is between $47,500 - $72,500 and has overtime eligibility. This position is eligible for a discretionary bonus and benefits.


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

Job Requisition ID: 86795




Nearest Major Market: New York City
Nearest Secondary Market: Newark

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