Accounting Associate

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Date: May 12, 2022

Location: Leawood, KS, US

Company: New York Life Insurance Co

This position involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.

 

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.

 

 

Build a purpose-driven career.

 

Our employees take pride in being part of a company that is committed to doing the right thing for customers and improving local communities through our culture of employee giving and volunteerism.

 

When you join our team, you’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. Most of our employees enjoy a blend of both remote and in-office work flexibility.

 

We invite you to bring your talents to New York Life! In our Leawood, Kansas office, we are seeking a highly talented and driven Accounting Associate to join our dynamic, high-performing team focused on reconciling, analyzing, and managing the financial inflows and outflows with an industry leading business unit, Institutional Life (IL). IL offers sophisticated life insurance products in the Bank Owned Life Insurance (BOLI), Corporate Owned Life Insurance (COLI) and Corporate Sponsored markets.

 

This role is on the Case Management Accounting team which is responsible for the oversight and certification of daily, monthly and annual clearing and reconciliation and reporting activities. As an Accounting Associate you should be a highly organized, detail-oriented problem solver that has a track record of working collaboratively with cross-functional teams.

 

This position requires the ability to think independently and exercise initiative within a structured environment. It is an excellent opportunity for a highly competent, driven, intellectually curious, “team-first” professional to join an organization that values teamwork, service to community, and a client-first approach to business.

 

Primary Responsibilities include:

 

  • Daily, Weekly, Monthly, Annual Sales Reconciliation and Reporting
  • Research, review and ensure accuracy of policy level accounting
    • Lead in determining cause for differences and solutions in daily accounting reconciliations.
    • Review test output of accounting for new products or functionality.
    • Support Case Management and Systems Teams on policy accounting review.
  • Develop and manage reoccurring (daily, weekly, monthly, quarterly & annual) and ad hoc reporting requirements.
  • Month, Quarter and Year End Close
    • General Ledger Journal Entries
    • Policy level reporting to support Finance
    • Research and answer questions for different areas within Finance
  • Support internal and external audits for accounting team
  • Tax reporting reconciliations and yearend tax data files
  • Fund fee billings

 

Additional duties to provide backup and support for daily reconciliation functions include:

 

  • Balancing of Accounts, to include General Ledgers, Suspense accounts, Premium accounting, and Investment Separate Accounts
  • Commission and asset-based service fee accounting
  • Reconciling trade activity at unit and account levels
  • Auditing of disbursement payments (commissions, surrenders, death claims, withdrawals, loans, refunds)
  • Development and management of business projections and reports:
    • Separate account projections & wire transfer requests
    • General and separate account transactions and trend analysis

 

Job Requirements:

 

  • Bachelor’s degree in accounting or equivalent experience is required
  • Insurance and policy accounting experience a plus
  • Have or be willing to acquire (within 1 year of hire) Series 6
  • Advanced Excel skills
  • Intellectual curiosity
  • Ability to multi-task, attention to detail, and organizational skills
  • Ability to work independently, with ability to prioritize and be a team player
  • Ability to use knowledge of best practices to improve processes and procedures.
  • Ability to work effectively and act as a resource with various levels of management, systems analysts, systems vendors, Corporate Finance and auditors

 

 

SF:LI-KH1

 

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: 86289

This position involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.

 

 


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