Sr. Accountant, Life & Disability Controllers Team
Company: New York Life Insurance Company
Location: New York
Posted on: November 13, 2024
Job Description:
Press Tab to Move to Skip to Content Link Sr. Accountant, Life &
Disability Controllers Team This position is hybrid - Tuesday -
Thursday in the New York Office and Monday and Friday work from
home. 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 mission of the Business Unit Accounting &
Controls - Life and Disability ("Life & Disability Controllers")
team of the Corporate Controllers Department is to achieve
excellence as professionals dedicated to maintaining NYL's
financial integrity within a resilient control framework while
continually delivering outstanding results to our valued business
partners and external stakeholders. Life & Disability Controllers
work closely with a variety of stakeholders across New York Life
Insurance Company's lines of business, including our Mexican
subsidiary, Seguros Monterrey New York Life, and other corporate
areas. Our focus is on ensuring the accuracy and integrity of New
York Life's general ledgers, delivering timely and precise
financial reporting, and driving continuous process improvement.
What You'll Do:
- Overseeing journal entries and account reconciliations related
to the Company's Individual Life and Disability business.
- Managing the general ledgers for Individual Life and
Disability, including Statutory Accounting and Management
Reporting.
- Providing financial insights to stakeholders by analyzing
monthly, quarterly, and annual results, with a focus on product
performance.
- Coordinating and producing the Individual Life schedules within
the Life and Disability Controllers group's quarterly financial
results package.
- Ensuring the completeness and accuracy of key performance
indicators through targeted reviews.
- Collaborating with business unit finance, corporate actuarial,
and corporate reporting teams to complete Statutory Blue Book
schedules, exhibits, and audited notes for the Statutory financial
statements.
- Partnering with the Financial Controls Unit to ensure
compliance with MAR/SOX requirements, including documenting,
testing, and reviewing controls and procedures.
- Supporting external auditors, PwC, during the annual audits of
financial statements.
- Collaborating with policy systems and product management teams
to implement new insurance products and modify existing ones,
requiring a solid understanding of life insurance products and
their related accounting flows.
- Applying a continuous improvement mindset to assess and enhance
processes, with a focus on more efficient data delivery, analytics,
and providing valuable insights for controllers and business
partners.
- Working with the Accounting Policy team to perform accounting
research and develop recommendations on technical accounting
issues. What You'll Bring:
- A bachelor's degree in Accounting or Finance (a master's degree
is preferred but not required).
- A minimum of 3-5 years of financial reporting experience within
the insurance or reinsurance industries or public accounting.
- Strong knowledge of Statutory accounting rules, procedures, and
internal controls, along with a commitment to staying current with
industry trends.
- Expert proficiency in Excel and other reporting, analytical, or
programming tools to support continuous improvement
initiatives.
- A self-motivated individual with excellent interpersonal
skills, demonstrating high levels of professionalism, integrity,
and self-awareness in all interactions.
- Familiarity with SAP AFO, Wdesk, Gen AI, and Tableau is an
advantage. Pay Transparency Salary Range: $77,500-$100,000 -
Discretionary bonus eligible: - Yes - 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. 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. 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. Job Requisition ID: -90919
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Keywords: New York Life Insurance Company, New Rochelle , Sr. Accountant, Life & Disability Controllers Team, Accounting, Auditing , New York, New York
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