Sr. Accountant Mutual Funds


Date: Dec 29, 2021

Location: Jersey City, NJ, US

Company: New York Life Insurance Co


When you join New York Life, you’re joining a company that values development, career growth, collaboration, innovation, and diversity & 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 Insurance Company (“New York Life”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Lifeis headquartered in New York City, and is one of the most financially strong and highly capitalized insurers in the business. At year end 2013 New YorkLife had a total surplus of $21.141 billion and holds the highest possible financial strength ratings currently awarded to any life insurer from all four of themajor ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa ; Standard & Poor’s AA+. (Source: Individual Third Party Ratings Report as of 6/18/14)

Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for nearly 170 years.

*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, May 20, 2013. See for methodology



  • Responsible for the day-to-day accounting, including monthly close process using multiple software programs including legal entity reporting and management reporting entries, tax calculations, and financial reporting for two entities.
    • Responsible for daily and monthly treasury functions for four different entities, including accounts
  • Payable and cash management for four different entities
    • Assist with the external and internal audits by to ensuring audit requests are handled accurately and timely
    • Responsible for preparation of the monthly sub –advisory and management fee accounting
  • Responsible for delivering ad-hoc requests accurately and timely
    • Responsible for preparation of monthly reconciliations for three entities both balance sheet and   income statement analysis
    • Assist in monthly analytical reviews of legal entity results
  • Run P&L results  for Mutual Funds and ETF Business & provide feedback on monthly and quarterly results
    • Run allocation reports (Anaplan)
    • Run Accounting reports from the system
    • Reconcile to Finance Pivots tables that are build out of our internal reporting systems
    • Update monthly deck for management review
  • Monthly close process for Retail- SAP Ledger system knowledge is a plus
    • Reconcile and report into books records all Cash transactions
    • Review Subadvisor Fees/Management fees and compare to contracts to ensure rates agree and calculations are accurate from our third -party administrator.
  • Review/Provide Statement of Additional Information (SAI) for Mutual Funds to be entered in CAPS system
  • Annual/Semi-annual revenue by state for Distributors and NYLIM for the Tax Team
  • Review/Provide Fund Accounting Team with all NSAR reporting deliverables (subadvisory, concessions, CDSC)
  • PwC Audit for NYLIM and Distributors
    • Coordinate with all necessary teams/individuals for requests
    • Prepare Distributors Financial Statements
  • Internal Audit/FINRA Audit
  • Delegation of Authority Requests
  • Dealer Agreements (update/create in database)
  • Provide quarterly 12B1 requests
  • Provide monthly allocations for Distributors and Service Co. for Focus Regulatory Filing
  • Working with IT on special projects
  • Working to automate monthly decks



  • At least 2-5 years experience in mutual fund and/or fund accounting
  • Bachelors in Accounting or Finance prefrred
  • Robust analytical and organizational skills
  • Excellent written and verbal communication skills
  • Ability to multi-task and manage time efficiently
  • Strong work ethic and attention to detail
  • Advanced knowledge of Microsoft Excel and Microsoft Access
  • Knowledge of SAP General Ledger System strongly preferred
  • This is a highly visible and important role within our team and organization, with significant internal and     external client contact.
  • Ability to work on power point presentations a plus



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 our Foundation. 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: 85263




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

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