Corporate Vice President, Bill of IT/Allocations Lead

Location Designation: Fully Remote 

Join Corporate Finance where expertise meets strategic impact. Partner with diverse business units, providing financial insights and guiding sound decision-making. You'll work collaboratively to ensure data accuracy, implement robust controls, and safeguard policy owner interests. Become part of a team dedicated to financial stewardship, enabling business performance, and paving the way for a secure future for generations to come.

Role Overview:

The Expense Controllership and Operations role at New York Life plays a vital part in ensuring accurate expense accounting and proficient data management within the finance domain. This role requires a passion for informational and operational data, platform infrastructure, simplifying operations, and technical depth.

What You’ll Do:

• Understand cost structure to enable showback process for the Bill of IT by creating visibility into both the underlying costs associated with each service and application, and the business unit consumption of each service.
• Manage allocations component of the Bill of IT for technology spend.
• Deliver a predictable and defensible monthly bill for IT services consumed by business units
• Define IT unit cost rate and billing methodologies
• Strategic enabler to improve the value of technology products and services, as well as improving expense ratios and operational excellence
• Enable data-driven decisions by providing transparency to Total Cost of Ownership and financial metrics.
• Maintains a strong understanding of business processes, supporting data and applications and strategic direction.
• Proactively communicates between business/enterprise processes and analytics team to improve delivery, value and integration of analytics into business/enterprise processes.
• Performs complex compilation, analysis, and reporting of Bill of IT data; delivers key insights and recommendations on data trends to inform leaders and drive decisions.
• Collaborate with Finance, IT Leadership, Technology, Stakeholders, and others to solve complex problems; uses sophisticated analytical thought to exercise judgement and identify innovative solutions. Partner in process improvements to eliminate redundancies, standardize procedures, and implement best practices.
• Propose solutions, engage stakeholders, and revise procedures to reflect changes.

What You’ll Bring:

• Bachelor’s Degree preferred.
• Desire to learn TBM (Technology Business Management) concepts as it applies to NYL.
• Passion for data while also effectively communicating complex material clearly and concisely.
• Advanced analytical and big data analysis skills.
• Understanding of IT infrastructure domains to include data center, network, compute, storage, and application development.
• Knowledge of IT financial management processes and best practices such as budgeting, cost allocations, capital & operating expense handling, program portfolio management, and application/infrastructure support.
• Ability to present financial information, business cases, and change recommendations.
• Effective communication skills to engage stakeholders and present findings.
• Ability to work efficiently and effectively with multiple levels of management and staff across the organization.
• Strong leadership and organizational skills - capable of motivating and managing organizations or teams to deliver desired results.

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Pay Transparency

Salary Range:  $110,000-$190,000 

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 Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

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: 90855