Senior Associate - Derivative Accounting & Reporting

Location Designation: Hybrid - 3 days per week 

Role Overview:

Senior Associate – Derivative Accounting & Reporting performs a variety of duties including accounting and reporting of the Derivatives for NYL ,NYLIAC  and LINA General & Separate Accounts on a Statutory  and management basis as well as NYLE on a GAAP basis. Familiarity with derivatives will be beneficial in the preparation and review of certain entries as well as the analytics that is performed in the area. 

What You'll Do:

1.   Provide monthly accounting and reporting of the derivative portfolio for the general account, separate account and NYLE in accordance with SSAP 86, ASC 815 and the Investment Accounting Policy. 

2.   Prepare and review investment committee schedules on a quarterly basis within tight deadlines. 

3     Quarterly reporting deliverables including regulatory schedules, derivative program analysis, board reporting, and Controllers book.

4.    Work with our co-sourcing partner to ensure the Schedule DB’s are accurately reported and review reconciliations provided by the co-sourcing partner.

5.   Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.

6.   Assist derivative team with various projects geared towards improving the efficiency of our derivatives accounting system. 

7.  Provide variance analysis and other analytics for various business areas regarding the accounting for the various derivative programs.

What You'll Bring:

1. Bachelor’s degree in Accounting

2. CPA a plus

3. Proficiency in Microsoft Office, with strong working knowledge of Excel

4. Knowledge of Derivatives preferably accounting for derivatives

5. Familiarity with A I tools (Copilot, ChatGPT) a plus.

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Pay Transparency

Salary Range: $90,000-$139,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.​

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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID: 92901