Investment Accounting & Reporting, Associate


Date: Jun 15, 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 & Reporting performs a variety of duties including accounting and reporting of the Investments with NY Life’s investment portfolios on a Statutory basis, financial performance reporting, month end reconciliation work, and understanding and implementing investment accounting policy. In this capacity, the role ensures 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.



  1. Provide accounting and reporting of NY Life’s Investment portfolio (fixed income and equities) for the generaland separate account. Ensure all results are properly recorded and reported on a timely basis including SeniorManagement reporting, Board of Directors reporting, Investment Committee reporting, Statutory Blue Books, andStatutory Notes/Disclosures.
  2. Reviews financial reporting for internal (Controller, CFO, Businesses and Board of Directors) and external(Regulatory) clients. Interacts with Internal Audit and PWC to ensure compliance to investment accounting policiesand financial reporting.
  3. Reviews valuation materials and assists in the monitoring and control of valuation procedures. Review monthlytriangular reconciliations and asset roll-forward reports. These reports ensure that the data is accurate betweenthe ledger and core systems.
  1. Coordinate and liaise with shared services all the aspects related to general ledger accounting for theapplicable portfolio and ensure that all investment reconciliations are reviewed on a timely basis. Review journalentries and general ledger to sub-ledger reconciliations.
  2. Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.
  3. Implement and maintain Investment Accounting Policy in accordance with Statutory standards/regulations.Involved in decisions and communication regarding new accounting pronouncements and implementation impacton both General Ledger and Investment Accounting Systems. Opportunity to interact with senior management andwork on special projects.



  1. Bachelor’s degree in Accounting preferred 
  2. CPA (P) or MBA (P) SAP knowledge (P)
  3. Proficiency in Microsoft Office, with strong working knowledge of Excel
  4. Strong verbal and written communication skills


The salary range for this position is between $72,500 - $107,500. 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: 86889




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

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