Senior Associate - Investment Accounting

Location Designation: Hybrid - 3 days per week 

Role Overview:
The Limited Partnership Accounting Team is responsible for the accounting and reporting of all investments in Limited Partnerships and Other Invested Assets for the General and Separate Account portfolios.  Performs a variety of duties including Statutory and Management reporting on a monthly, quarterly, and annual basis.  Conducts the review of cash activity, earnings adjustments, and balance sheet and income statement reconciliations.  Ensures that all relevant reporting is accurate and compliant with internal and external accounting policies and standards/regulations.  The role also provides financial analysis that explains and supports the reported results.

What You’ll Do:
• Provide Statutory accounting and reporting for the Limited Partnership and Other Invested Assets portfolio.  Ensure results are properly recorded and reported on a timely basis.
• Review the processing of daily cash activity and quarterly equity earnings adjustments for limited partnership investments.
• Prepare monthly/quarterly earnings reports and analysis for senior management to be included in the Quarterly Controllers book and the Report to the Investment Committee.
• Review monthly trial balance and income statement reconciliations related to limited partnership investments.
• Collaborate with various teams such as the Tax Department, Office of the Chief Investment Officer, and various investment managers on limited partnership related issues.
• Implement and maintain Investment Accounting Policy in accordance with Statutory Accounting standards and regulation.
• Ensure SOX compliance including documenting, testing, and reviewing controls and procedures.

What You’ll Bring:

• Minimum of 5-7 years of experience in accounting or finance.
• Experience/knowledge of accounting and reporting for Private Equity investments/Limited Partnerships (preferred).
• Proven ability to multi-task in a highly productive environment.
• Ability to work both independently and as a collaborative team member.
• Strong oral and written communication skills.
• Strong interpersonal and self-motivating skills.
• Proficient in Microsoft Office, with strong working knowledge of Excel.  Knowledge of Investran and SAP systems (preferred).

Pay Transparency

Salary Range: $100,000-$135,000 

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: 93887