SENIOR ASSOCIATE, Business Unit Accounting & Controls - Life and Disability

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Date: Nov 25, 2022

Location: Jersey City, NJ, US

Company: New York Life Insurance Co

Location Designation: Hybrid 

 

 

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 Summary:

The mission of the Business Unit Accounting & Controls – Life and Disability (“Life & Disability Controllers”) team of the Corporate Controllers Department is to partner with our stakeholders by understanding their needs to ultimately provide a service that is superb, timely and valuable, while simultaneously expanding and improving our service capabilities.

Life & Disability Controllers works closely with a variety of stakeholders in New York Life Insurance Company’s insurance lines of business (including our Mexican subsidiary Seguros Monterrey New York Life) and other corporate areas to ensure the integrity of New York Life financials, deliver timely and accurate reports and drive continuous improvement in our processes.

Primary Responsibilities:

This Senior Associate position will be located in our Jersey City office and will be responsible for the following primary responsibilities:

  1. Stewardship and oversight of Individual Life business’ journal entries, account reconciliations and overall general ledgers (Statutory Accounting and Management Reporting).
  2. Share financial insights with our stakeholders as a result of our analysis of monthly, quarterly and annual results.
  3. The production and coordination of the Individual Life schedules within the Life and Disability Controllers book, the group’s quarterly financial results package.
  4. Work with business unit finance, corporate actuarial and corporate reporting team to complete Statutory Blue Book schedules and exhibits and Statutory audited footnotes.
  5. Support our external auditor, PwC, with their performance of the annual financial statement audits.
  6. In collaboration with our Financial Controls Unit, ensure our adherence with MAR/SOX requirements including documenting, testing, and reviewing controls and procedures.
  7. Apply a continuous improvement mindset to evaluate processes, which seek more efficient delivery of data and analytics, as well as more effective controller & business insights.
  8. Partner with our Accounting Policy team to perform accounting research and develop recommendations related to technical issues.

Qualifications:

A successful candidate should have

  1. A bachelor’s degree in Accounting or Finance (a master’s degree is desirable but not required).
  2. At least 5-10 years of financial reporting experience in the insurance or reinsurance industries or public accounting.
  3. Possess an understanding of Statutory accounting rules, procedures and internal controls and keeps up to date with current trends. 
  4. Expert level knowledge of excel and other reporting, analytical or programming tools is crucial to facilitate continuous improvement. 
  5. A self-motivated individual with strong interpersonal skills who demonstrates a high level of self-awareness, professionalism and integrity in all interactions is required.    
  6. Knowledge of SAP, Wdesk, and AFO is a plus.     

 

SF: LI - LS1

LI # HYBRID 

 

 

Salary range: $90,000-$135,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

 

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

 

 

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: 87742

 

 

 


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

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