Accountant, Business Unit Accounting & Controls - Life And Disability

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.

Position Summary:

The mission of the Business Unit Accounting & Controls – Life and Disability (“BUAC Life & DI”) team of the Corporate Controllers Department is to partner with our stakeholders by understanding their needs to ultimately provide a service that is superb, timely and valuable, while simultaneously expanding and improving our service capabilities.

Life & Disability Controllers works closely with a variety of stakeholders in New York Life Insurance Company’s insurance lines of business (including our Mexican subsidiary Seguros Monterrey New York Life) and other corporate areas to ensure the integrity of New York Life general ledgers, deliver timely and accurate financial reporting and drive continuous improvement in our processes.

Primary Responsibilities:

This Senior Associate position will be located in our New York City office and will be responsible primarily for the following:

• Monitor and analyze the Company’s Individual Life reinsurance ceded business, which includes the development of reports to aide in analysis to ensure completeness and accuracy. 
• Manage the accounting, reporting and analysis of certain co-insurance treaties, including managing the relationship with NYL counterparties in these treaties.
• Collaborate with policy systems and product management teams in the implementation of new insurance products, as well as changes to existing products. This entails understanding life insurance products and its related accounting flows.
• Share financial insights with our stakeholders on product performance via analysis of monthly, quarterly and annual results.
• Support the completeness and accuracy of our key performance indicators with targeted reviews.
• The production and coordination of certain Individual Life schedules within the Life and Disability Controllers book, the group’s quarterly financial results package.
• Work with Business Unit finance, corporate actuarial and corporate reporting team to complete Statutory Blue Book schedules and exhibits and audited notes to the Statutory financial statements.
• Support our external auditor, PwC, with their performance of the annual audits of financial statements.
• In collaboration with our Financial Controls Unit, ensure our adherence with MAR/SOX requirements including documenting, testing, and reviewing controls and procedures.
• Apply a continuous improvement mindset to evaluate processes, which seek more efficient delivery of data and analytics, as well as more effective controller & business insights.
• Partner with our Accounting Policy team to perform accounting research and develop recommendations related to technical issues.

Qualifications:

• Bachelor’s degree in Accounting or Finance (a master’s degree is desirable but not required).
• At least 3-7 years of accounting and financial reporting experience in the insurance or reinsurance industries or public accounting.​​​​​
• Possess an understanding of Statutory accounting rules, procedures and internal controls and keeps up to date with current trends.  Expert level knowledge of Microsoft Excel and other reporting or analytical tools (no code or programming) is crucial to facilitate continuous improvement. 
• A self-motivated individual with strong interpersonal skills who demonstrates a high level of self-awareness, professionalism and integrity in all interactions is required.   
• Knowledge of SAP, AFO, Wdesk, Tableau, SQL is a plus

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.

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Job Requisition ID: 88905