2021 Finance Rotational Associate

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Date: Sep 29, 2021

Location: New York, NY, 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” or “the company”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterey New York Life in Mexico.

 

New York Life is one of the most financially strong and highly capitalized insurers in the business.  Total assets under management at year end 2017, with affiliates, totaled $586 billion, reported 2017 operating earnings of $2.06 billion.

 

New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa; Standard & Poor’s AA+ (Source: Individual independent rating agency commentary as of 8/1/17).

 

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

 

At New York Life, finance impacts everything from product design, pricing, and strategic planning, to, ultimately, our financial results. If you are a problem-solver, creative-thinker, and builder of ideas consider this wonderful opportunity with New York Life Insurance Company. As an Associate you can look forward to a three-year rotational program that contains extensive technical, business and professional development training from experienced staff.

 

The Finance and Accounting Rotational Program offers an exciting opportunity for graduates who are looking to gain the experience, skills, support, and exposure that they need to help launch their careers. Our program combines challenging work experience and the opportunity to work closely with finance professionals.  You’ll receive continuous training and development through classes and monthly presentations, exposure to senior management, and a mentor to help network and build relationships throughout the Company. 

 

 

Finance Rotational Program – General Information

Our program offers three one-year rotations within our Finance and Accounting areas at our New York City and Jersey City offices.  Rotations are designed to give each associate a broad corporate, insurance and investments background through exposure to various aspects of financial work. Specific functions and future rotations could include: 

  • Expense Management
  • Financial Planning & Analysis
  • GAAP & Statutory Accounting
  • Real Estate Accounting
  • Investment Accounting
  • Risk Management
  • Sales Reporting
  • Treasury
  • Data Analytics
  • Corporate Audit
  • Separate Accounts

 

Rotational Program Requirements:

We seek candidates who exhibit the following characteristics:

  • Bachelor’s degree in Accounting, Finance and Economics related areas
  • 1-3 years of experience in Finance and Accounting is preferred
  • Cumulative GPA of 3.0 or higher
  • Strong written and oral communication, and interpersonal skills
  • Ability to multi task and prioritize work in a face paced environment
  • Insurance or Financial Service Industry is a plus
  • Statutory Accounting Knowledge is a plus
  • Analytically minded
  • Knowledge of general accounting principles.
  • Proficient in Excel, PowerPoint
  • Be a self-starter and eager to learn

  

If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) 576-5811.

 

*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015.  See http://fortune.com/fortune500/2015/  for methodology.

1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.

2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.

 

 

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 www.NewYorkLife.com.

Job Requisition ID: 84093

 

 

 


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