Accountant

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Date: Aug 3, 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.

 

Intercompany Accountant

The candidate will report directly to a manager in the Corporate Finance Accounting Operations and will be responsible for overseeing the Intercompany Accounting Center of Excellence. The candidate will be responsible for overseeing a staff of co-sourced individuals in Noida (India).

 

Responsibilities

Candidate will be the point person for overseeing intercompany accounting and the monthly intercompany close processes ; in this capacity, the candidate will work closely with all NYL legal entities to develop and implement action plans to effectively record, monitor, and correct intercompany transactions.

 

  • Perform/oversee the reconciliation of intercompany accounts in Cadency and for ensuring GAAP-compliant stand-alone (where applicable) financial statements as it relates to intercompany activity.
  • Assist subsidiaries/boutiques with establishing procedures for newly created intercompany relationships (establishing contacts, developing work flows, facilitate exchange of information etc.).
  • Report intercompany results and metrics monthly, and assist with resolving all intercompany consolidation issues.
  • Identify root causes of intercompany breaks as they emerge and propose and implement preventive measures.
  • Prepare related party footnote for STAT audited financial statements.
  • Process settlement wire transfers for NYL and certain subsidiaries.
  • Assist with the preparation of various surveys and data collection exercises

 

  • Qualifications
  • B.S. in Accounting or Finance preferred
  • 7+ years relevant experience
  • Knowledge of GAAP Accounting Principles
  • Strong understanding of financial controls
  • Willingness to seek innovative efficiencies
  • Strong leadership and collaboration skills
  • Strong written and oral communication, and interpersonal skills
  • Strong knowledge of SAP a plus

 

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 www.NewYorkLife.com.

Job Requisition ID: 87223

 

 

 


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