Senior Associate, Statutory Accounting and Reporting

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Date: Jan 8, 2023

Location: New York, NY, 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.

 

 

Location destination: Hybrid/New York City

 

Position Description:

The mission of Accounting and Controllership – Statutory Accounting and Reporting Division of the Corporate Controllers Department is ensuring all quarterly and annual statutory financial reporting deliverables are provided in a timely manner and the needs of our stakeholders are met. The team works closely with other areas of the finance department and business units to gain a full understanding of the financial statements and statutory reports for each insurance entity. The candidate will work directly with internal/external auditors and Accounting Policy team to ensure the  financial statements and statutory reports for each insurance subsidiary are in accordance with NAIC and audit requirements.

 

Responsibilities:

  • Preparation and review of the statutory face financial statements (balance sheet, income statement, cash flow statement)
  • Completion of footnote disclosures, disclosure checklists, data collection management and variance/trend analysis support for insurance subsidiaries. 
  • Participating in the entire end-to-end process of planning, coordinating, preparing, and reviewing the annual and quarterly financial statements. 
  • Managing/monitoring all work performed by our co-source partner.
  • Continuously seeking faster and more efficient delivery of data and analytics, as well as more effective controller & business insights.
  • Some interaction with our external auditor, PwC, related to their performance of the annual financial statement audits.
  • Adherence with MAR/SOX compliance including documenting, testing, and reviewing controls and procedures.
  • Participating in special projects as needed.
  • Coordinating the representation letter process for the financial statements.
  • Coordinating and reviewing production of internal financial results package.

 

Qualifications:

  • A bachelor’s degree in Accounting or Finance (a master’s degree is desirable but not required).
  • At least 3 - 5 years of financial reporting experience in the insurance or reinsurance industries or public accounting.
  • Understanding of Statutory accounting rules, procedures and internal controls and keeps up to date with current trends is a plus
  • Experience preparing financial statements is a must
  • Understanding of best practice reviews, financial controls, SOX/MARS
  • Expert level knowledge of Microsoft Excel, Word & PowerPoint and other reporting, analytical or programming tools is crucial to facilitate continuous improvement. 
  • Knowledge of Statutory Bluebook financial statements 
  • State filing compliance work a plus
  • Experience with Sovos, WINGS software, SAP General Ledger system, and/or Workiva Wdesk software is a plus
  • A self-motivated individual with strong interpersonal skills who demonstrates a high level of self-awareness, professionalism and integrity in all interactions is required. 
  • Must possess an open mind and be adaptable to new tasks and procedures.
  • Excellent organizational, multitasking and prioritization skills.
  • Ability to work independently and solve complex problems with limited supervision

 

 

Salary range: $72,500-$107,500 

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.

 

 

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: 87767

 

 

 


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Nearest Secondary Market: New York City

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