Senior Associate, Budget and Expense- Service Organization


Date: Aug 15, 2019

Location: New York, NY, US

Company: New York Life Insurance Co


A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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


As a business partner, this individual will have a consultative and collaborative approach when partnering with colleagues across the Service organization as well as with all Corporate Finance areas in the organization.

  • Responsibility for supporting the development, monitoring and analysis of Service budget totaling over $200 million
  • Analyze key accounts (salaries, rent, service fee/vendor expenses, overtime, correspondence, travel, to advise senior management on usage, trends and expense activity
  • Prepare monthly, quarterly and annual financial reports highlighting variances between actual versus budget, and provide recommendations based on detailed analysis
  • Analyze, monitor and report staff levels (Full Time, Part Time and Temps)
  • Partner with key business and finance stakeholders to understand expense drivers and inform the budget
  • Develop and maintain cost accounting work effort analysis for accurate budget and expense allocation and unit cost analysis
  • Perform ad hoc analysis as requested
  • Make recommendations on monthly and quarterly processes to achieve operational efficiencies and continuous improvements within the specific areas supported
  • Liaise with Initiative Reporting group and support stakeholders in the cost benefit analysis functions for capital investment committee meetings  


  • Bachelor’s degree in Finance, Accounting, Economics required, MBA preferred but not mandatory
  • Minimum 5 years of relevant experience
  • Strong analytical skills and problem-solving skills with attention to detail
  • Effectively handles demands of competing priorities to meet deadlines
  • Strong communication skills; effectively partner and interact with various levels of the organization
  • Advanced knowledge of Excel required
  • Experience with SAP Finance platform preferred



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.

Job Segment: Social Media, ERP, SAP, Accounting, Corporate Finance, Marketing, Technology, Finance