Senior Associate, Business Unit Accounting & Controls

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Date: Nov 21, 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 Business Unit Accounting & Controls – Annuities team of the Corporate Controllers Department acts as a finance business partner to the Guaranteed Products business unit (“GP”), supporting accounting, financial reporting, and business unit operational functions.   The GP businesses at New York Life provide fixed income investment products to institutional investors seeking high quality, low volatility, and stable returns.

The role is as a finance partner to the GP business unit and will assist the team with the financial close, business result analyses, performing various calculations, and many aspects of the GP operations. 

 

Primary Responsibilities:

This position will be responsible for the following primary responsibilities:

  • Prepare and review journal entries and account reconciliations.
  • Stewardship of the Group Annuity business general ledgers (STAT and Management Earnings).
  • Produce monthly and quarterly financial reports, assisting with analysis of the results.
  • Assist in the completion of statutory financial reports.
  • Utilize the product administrative system to research differences, identify errors, and test system enhancements.
  • Responsible for various rates, fees, and other calculations for Group Annuity products.
  • Review co-sourcing partner’s work and provide timely feedback.
  • Continuously seek faster and more efficient delivery of data and analytics.
  • Participate in special projects as needed.

 

Qualifications:

  • Bachelor’s degree is required, preferably in Accounting or Finance.
  • 3-5 years of financial reporting experience.
  • Industrious self-starter with a continuous improvement mindset.
  • Strong analytical and problem-solving skills.
  • Excellent organizational, multitasking and prioritization skills.
  • Must possess an open mind and be adaptable to new tasks and procedures. 
  • Must have exceptional interpersonal skills, demonstrate high level of self-awareness, professionalism, and integrity with all internal and external parties.
  • Strong Excel skills required.  Skills working on SQL queries and other reporting/analytical tools such as Tableau are a plus.
  • Proficiency in SAP, the general ledger system, is a plus.

 

 

Salary range: $72,500-$107,500 

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: 88153

 

 

 


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