Fund Accountant, Senior Associate


Date: Nov 22, 2021

Location: Jersey City, NJ, US

Company: New York Life Insurance Co



When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.


As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations. To learn more, please visit LinkedIn, our Newsroom and the Careers page of




The Senior Associate position in the Fund Administration & Accounting Department assists in the accurate completion of accounting and administration functions for the mutual fund family sponsored by a premier U.S. Life Insurance Company. The fund family currently consists of 76 mutual funds supporting both the retail and variable annuity sales channels. The Senior Associate works in a team environment and assists the department in the oversight of an external service provider.

Responsibilities include but are not limited to:

  • Detailed review of financial statements of the mutual funds prepared by an external service provider including NQ Reports and Form NSAR filings;
  • Assist in the preparation of the valuation materials for the board of directors’ meetings;
  • Analytical review of monthly, quarterly and annual income and capital gain distributions;
  • Work with the legal department regarding the completion of the annual mutual fund registration statements on Form N-1A;
  • Review of fund expense budgets and asset based fee calculations;
  • Oversight and management of external accounting agent and administrator of the mutual funds;
  • Review of daily Net Asset Value calculations performed by external service provider against broader market fluctuations and other key areas of daily fund operations to ensure accuracy and compliance with procedures;
  • Identify and implement opportunities to amend processes and procedures to improve operational efficiencies and quality services in the department;
  • Support product development initiatives including new fund launches, fund adoptions, mergers or fund closures;
  • Review of accounting related issues included in new fund set up, monitoring of key indicators and taking appropriate action to resolve;
  • Interact with the external auditors for support in completing the annual audits of the mutual funds;
  • Representing the department with key stakeholders including communicating with the Fund’s investment advisors and operations teams;
  • Maintain files that are organized and efficient to retrieve.



  • Bachelor of Science or Business Administration degree in accounting or finance is needed.
  • 5+ years of mutual fund accounting or administration experience is needed.
  • The individual should possess excellent verbal and written communication skills, excellent organizational abilities and should be detail oriented.
  • The candidate should possess strong analytical and technical accounting skills and be able to work independently.
  • Mutual Fund tax experience is a plus.
  • Knowledge of Microsoft Office products is required.
  • Knowledge of Morgan Markets is a plus.






Job Requisition ID: 84095








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Nearest Secondary Market: Newark

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