Senior Accountant, Life Insurance

4 days ago


New York, New York, United States New York Life Full time
Job Title: Senior Accountant, Life Insurance

We are seeking a highly skilled Senior Accountant to join our Life and Disability Business Unit. As a key member of our team, you will be responsible for overseeing journal entries and account reconciliations, managing general ledgers, and providing financial insights to stakeholders.

Key Responsibilities:
  • Oversee journal entries and account reconciliations related to the Company's Individual Life and Disability business.
  • Manage the general ledgers for Individual Life and Disability, including Statutory Accounting and Management Reporting.
  • Provide financial insights to stakeholders by analyzing monthly, quarterly, and annual results, with a focus on product performance.
  • Coordinate and produce the Individual Life schedules within the Life and Disability Controllers group's quarterly financial results package.
  • Ensure the completeness and accuracy of key performance indicators through targeted reviews.
  • Collaborate 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.
  • Partner with the Financial Controls Unit to ensure compliance with MAR/SOX requirements, including documenting, testing, and reviewing controls and procedures.
  • Support external auditors, PwC, during the annual audits of financial statements.
  • Collaborate 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.
  • Apply 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.
  • Work with the Accounting Policy team to perform accounting research and develop recommendations on technical accounting issues.
Requirements:
  • Bachelor's degree in Accounting or Finance (Master's degree preferred but not required).
  • 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.
  • 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.
What We Offer:

We provide a comprehensive benefits package, including leave programs, adoption assistance, and student loan repayment programs. Our company is committed to diversity, equity, and inclusion, and we strive to create a welcoming and inclusive work environment.

As a Fortune 100 company, we offer a dynamic and challenging work environment, with opportunities to grow and develop your skills. We are committed to investing in our employees and providing them with the tools and resources they need to succeed.



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