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, Parsippany-Troy Hills Township , Sr. Accountant, Life & Disability Controllers Team, Accounting, Auditing , New York, New Jersey