Associate, Investments Accounting & Reporting

Title: Associate, Investments Accounting & Reporting

Location: New York, NY, US

Job Description:

Location Designation: Hybrid - 3 days per week

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.

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 an inclusive 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.

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 owners' 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.
Associate - a full-time position that provides support for the accounting and reporting of the Company's investments. Partner with investment operations teams and asset managers to maintain financial data in subledger systems and interface data into the SAP accounting ledger. Fulfill both internal and external reporting inquiries. Ensure financial reporting follows Corporate Accounting Policies and accounting guidance.

What You'll Do:

• Provide accounting and reporting for NYL's Investment portfolio (fixed income and equities) for the general and separate account. Ensure all results are properly recorded and reported on a timely basis.
• Perform monthly reconciliations of GL account balances between SAP ledger and subledger system. Prepare manual entries and run financial reports.
• Prepare monthly portfolio asset roll forward and earned income reports. Ensure financial data is prepared under Corporate Accounting Policies. Provide quarterly and annual reporting requests, footnote disclosures for STAT financial statements, along with referencing support and documentation.
• Assist with internal and external audit requests and compile supporting workpapers for interim and annual audits.
• Contribute feedback and work through improvement opportunities, such as improving efficiency, enhancing reports, and using AI tools to eliminate manual processes. Candidate will assist with researching accounting issues and developing and implementing procedures.
• Assist with special projects, research work, system upgrades and ad-hoc requests.
• Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.

What'll You Bring:

• Bachelor's degree in accounting preferred
• Proficiency in MS SQL Server Technology to create and update SQL queries a plus
• High-level of proficiency in Excel
• Strong verbal and written communication skills
• High Organizational skills, time management and collaboration
• Self-starter, has good listening skills
• Problem solving abilities

Pay Transparency

Salary Range: $47,500-$80,000

Overtime eligible: Nonexempt

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 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.ition ID: