Sr. Associate, Asset Management Controllership

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Date: Jun 23, 2022

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. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

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 www.NewYorkLife.com.

 

 

Position Description:

 

The primary responsibilities of this position are as follows:

  1. Preparation of the financial accounting, operation and reporting for NYL Trust Company.  These responsibilities include, but are not limited to:

 

  1. The preparation of financial statements and accompanying footnote disclosure for the annual audit of NYL Trust Company.
  2. Quarterly analysis of financial statements for the Subsidiary Controller’s Book process.
  3. Preparation of materials for the annual meeting of the board of directors for NYL Trust Company.
  4. Preparation of the bi-annual Call Report for NYL Trust Company.

 

  1. Preparation of the NYL Enterprises and Nylife LLC consolidations.  These responsibilities include, but are not limited to:
  2. Prepare quarterly GAAP Equity Pick Up journal entries for NYLE and Nylife LLC parent companies.
  3. Prepare quarterly consolidation adjustment entries for NYLE and Nylife LLC.
  4. Prepare quarterly consolidation check for NYLE and Nylife LLC.
  5. Preparation of the Asset Management Controller’s Book and the Strategic Business Subsidiaries Controller’s Book, including, but not limited to:
    1. Serve as primary liaison with Asset Management boutiques controllership teams to coordinate variance analysis documentation.
    2. Coordinate with co-sourcing partners to capture current ledger data.
    3. Ensure reliable data by clearing all control checks.
    4. Ensure formatting is up to standard for optimum reader experience/quality control review.
  1. Provide support for the NYLIM consolidation process.
  1. Support preparation of the NYLIM consolidated footnote disclosures.
  1. Prepare various survey responses (regulatory and otherwise).

 

Requirements:

  • Bachelors degree in accounting (or equivalent) preferred 
  • 3-5 years financial accounting and reporting experience
  • CPA/MBA a plus

 

 

 

 

 

 

Job Requisition ID: 86954

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.

 

 

 

 

 

 


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

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