$72,500-$107,500
New York, NY, US
Hybrid - 3 days per week
Location Designation
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.
The Senior Associate Investment Accounting & Reporting performs a variety of duties including accounting and reporting of the Investments with NY Life's investment portfolios on a Statutory basis, financial performance reporting, month end reconciliation work, and understanding and implementing investment accounting policy. In this capacity, the role ensures that all relevant reporting is accurate and compliant with internal and external accounting policies and standards/regulations. The role also provides financial analysis that explains and supports the reported results.
Responsibilities
- Provide accounting and reporting of NY Life'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 including Senior Management reporting, Board of Directors reporting, Investment Committee reporting, Statutory Blue Books, and Statutory Notes/Disclosures.
- Reviews financial reporting for internal (Controller, CFO, Businesses and Board of Directors) and external(Regulatory) clients. Interacts with Internal Audit and PWC to ensure compliance to investment accounting policies and financial reporting.
- Reviews valuation materials and assists in the monitoring and control of valuation procedures. Review monthly triangular reconciliations and asset roll-forward reports. These reports ensure that the data is accurate between the ledger and core systems.
- Coordinate and liaise with shared services all the aspects related to general ledger accounting for the applicable portfolio and ensure that all investment reconciliations are reviewed on a timely basis. Review journal entries and general ledger to sub-ledger reconciliations.
- Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.
- Implement and maintain Investment Accounting Policy in accordance with Statutory standards/regulations. Involved in decisions and communication regarding new accounting pronouncements and implementation impact on both General Ledger and Investment Accounting Systems. Opportunity to interact with senior management and work on special projects.
Qualifications
- Bachelor's degree in Accounting preferred
- CPA (P) or MBA (P) SAP knowledge (P)
- Proficiency in Microsoft Office, with strong working knowledge of Excel
- Strong verbal and written communication skills
$72,500-$107,500
Salary range
Exempt
Overtime eligible
Yes
Discretionary bonus eligible
No
Sales bonus eligible
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. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.
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Job Requisition ID90169