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Financial Accounting, Senior Associate

 

Location Designation: Hybrid - 3 days per week 

 

 

As part of New York Life’s Group Membership Association Division, you'll be working with the nation’s No. 1 provider of life and disability income insurance solutions for association/affinity programs. Beyond the tailored life and disability income insurance solutions you provide, your work fosters a sense of community and shared support within affinity groups.

 

Role Overview:

In this role, you will be responsible for preparing and managing complex financial models and reports that support New York Life’s Annual Statement and quarterly/year-end financial processes. You will ensure accurate recording of transactions on the ledger, oversee sales reporting and analysis, and manage cash flow reporting critical for treasury forecasting. Additionally, you will handle claims accounting issues and approvals, providing essential data to internal departments and external stakeholders. Your work will directly impact financial accuracy, regulatory compliance, and senior management decision-making through timely and detailed reporting.

 

What You'll Do:

 

  • Prepare Annual Statement Exhibits and Notes in compliance with corporate standards for inclusion in the New York Life Annual Statement.
  • Develop and maintain complex financial models related to sales, revenue, value of new business, and capital usage.
  • Oversee sales reporting for Group Membership Association, including analysis, trending, and reporting to LIMRA.
  • Manage monthly cash flow reports to support treasury forecasting and asset purchase/sale decisions.
  • Resolve claims accounting issues and approve daily claims releases from Third Party Administrators and Life and Claims Units.

 

 

What You'll Bring:

 

  • Strong experience in financial reporting and preparation of regulatory statements.
  • Proficiency in building and managing complex financial models.
  • Analytical skills to perform sales trending and reporting for internal and external stakeholders.
  • Knowledge of claims accounting processes and general ledger transaction recording.
  • Ability to prepare detailed schedules and supporting documentation for quarter-end and year-end close.
  • Effective communication skills to collaborate with tax, controllers, treasury, and senior management teams.
  • Experience working with LIMRA reporting standards and requirements.
  • Familiarity with treasury forecasting and cash flow management.
  • Background in insurance or financial services industry accounting.
  • Advanced Excel and financial software proficiency.

Pay Transparency

Salary Range: $70,000-$85,000 

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.

 

Company Overview 

At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact. 

Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress. 

As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it. 

 

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.

Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

 

Job Requisition ID: 92685

About NY Life Insurance Company

Diversity & Humanity–two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

Required Legal Notices – All Candidates Please Click Here


Nearest Major Market: White Plains
Nearest Secondary Market: New York City

Job Segment: Outside Sales, Accounting, Claims, Social Media, Financial, Sales, Finance, Insurance, Marketing

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