Reconciliation and Reporting Specialist

Date: May 11, 2019

Location: Jersey City, NJ, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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.

 

Primary Responsibilities:

  • Ability to learn about our different product lines and apply that knowledge to reporting out Cash Flows to Treasury in a highly accurate and efficient manner
  • Daily balancing and monthly reconciliation of Clearing Accounts and assigned Separate Accounts; reconciliations must be completed within required deadlines at the beginning of each month
  • Import and review Daily Disbursement Data from prior day’s activity
  • Manual Deposit Processing in Compass
  • Preparation of Separate Account transfers using an automated application and the ability to handle the same work manually, when needed
  • Review systemic commissions, calculate manual commissions to be processed and paid to agents
  • Prepare Daily Incoming Wire Report using Bank Details and Prior Day’s Cash Flow report
  • Review and update team procedures to ensure that they reflect current processes
  • Manual entry of Supplemental Journal Entries ensuring the highest level of accuracy and that the data is entered timely

 

Qualifications:

  • Bachelor’s Degree; math aptitude a plus
  • Intermediate proficiency in Excel, ability to analyze data using VLOOKUP and Pivot Tables for research
  • Excellent time management, organizational and multi-tasking skills required to effectively manage a diverse work-load
  • Detail oriented with the ability to analyze data and able to complete work with the highest level of accuracy within required deadlines
  • Strong written and verbal inter-personal skills, effectively communicating with various internal customers and teams at various levels
  • Ability to work independently while remaining flexible to meet team goals

 

In addition, please note that our work is deadline oriented in the morning hours. Expected hours will be 8:30-4:30 Monday through Friday, with potential overtime during busier times.

 

SF:EF-MM1

#LI –MM1

EOE M/F/D/V

 

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

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