Operational / Technical Accountant

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Date: Jul 26, 2022

Location: New York, NY, US

Company: New York Life Insurance Co

 

 

When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and 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 is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations. To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

 

The Real Estate Mortgage Loan Accountant provides support for Mortgage Loan reporting, accounting and technical functions within Real Estate Investors, a division of NYL Investors, LLC which manages over $66 billion of assets under management.  NYL Investors, LLC, is an integrated asset management enterprise with over $288 billion of assets under management as of March 31, 2022.  Additional responsibilities for real estate assets and partnership accounting are functions within the group that may be rotated into this position upon job growth. This is a HYBRID opportunity.

 

Responsibilities: Perform accounting for mortgage loan investments and service a portfolio of loans, including recording a variety of journal entries (i.e. acquisitions, dispositions, collections, disbursements, adjustments, etc).  Various ad-hoc loan tasks/inquiries (i.e. billing, escrow analysis, escrow payments, payment history, adjustable rate settings, etc) will be addressed in this role for internal and external clients.  Role is part an overall team responsible to maintain a well- controlled environment and following procedures is key.  Financial reporting; includes Statutory accounting and Tax reporting and various reconciliations.  Technical, problem solving and ability to multi-task are key skills to maximize effectiveness in this position.

 

Financial Reporting and Accounting:

  • Service a portfolio of loans.  This includes tasks such as - communication with borrowers/servicers/colleagues, processing transactions, researching payments, preparing/reviewing escrow analysis, full payment statements, amortization schedules and loan payment histories
  • Execute assignments according to company/department’s procedures, controls and systems and incorporate decision making in their work related to operational requests
  • Prepare, gather, analyze, build, organize and/or review reporting for various requests and/or inquiries
  • Prepare reporting assignments and ensure that workpaper referencing support is clearly documented
  • Assist with special projects/research work

 

Technical Skills:

  • Work on system requests (i.e. SQL updates, system issues, etc.) that arise in operations
  • Learn existing reporting sources and develop/improve reporting
  • Prepare test plans and assist with planning and testing new systems, new system releases and/or reporting enhancements, as needed
  • Expect candidate to contribute feedback and work through improvement opportunities (i.e. using systems differently to improve efficiency, enhanced reports, etc), including researching, developing and implementing procedures
  • Provide ad-hoc reporting

 

Knowledge and Skills:

  • A Bachelor’s Degree concentrated in accounting, business and/or computer science is preferred, but will consider other degrees with SQL server training certification or experience with SQL development and/or report writing
  • High level of proficiency in Excel
  • Knowledge of Microsoft SQL Server technology to create and update SQL Queries
  • Knowledge of SAP, Analysis for Office (AFO), Qlik Sense, Business Objects and Crystal Report Writer
  • Knowledge of SS&C’s Precision LM system is a plus
  • Individual must maintain high organizational skills, effective communication skills and be a team player
  • Ideal candidate is self-starter, can work independently, possess good listening skills and willing to learn
  • Accountable for all work contributions and provides informal guidance to others (i.e. status of system issues, etc) to team members as necessary
  • Problem solving skills; expect candidate to solve problems by analyzing and providing possible solutions using education, experience, judgment and precedents

Job Requisition ID: 87192

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.

 

 

 

 

 

 


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

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