Accounting Associate

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Date: Dec 1, 2022

Location: Leawood, KS, 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.

 

 

 

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

 

Build a purpose-driven career.

 

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.

 

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 Policy 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 reconciliation functions:

  • 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)
  • Manage Separate account projections and intercompany wire transfer requests
  • Ensure reconciliations and differences are resolved and documented for audit

 

 

Month, Quarter and Year End Close

  • General Ledger Journal Entries
  • Monthly Balance Sheet Reconciliations

 

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

 

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

 

 

#LI-KH1
#LI-HYBRID 

 

 

 

Salary range: $47,500-$75,000 

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.

 

Please note: This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.

 

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

 

 


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