Senior Financial Associate

2 weeks ago


New York, New York, United States New York Life Full time


Senior Associate - Investment Accounting & Reporting
This position operates in a hybrid model, with in-office work required from Tuesday to Thursday and remote work on Mondays and Fridays.

Become an integral part of Corporate Finance, where your expertise will drive strategic impact. Collaborate with various business units to provide essential financial insights that facilitate informed decision-making. Your role will involve ensuring data integrity, implementing effective controls, and protecting the interests of policy owners.

Role Overview:
The Investment Accounting & Reporting team is tasked with the coordination of reporting and analysis of investment outcomes. This role encompasses a range of responsibilities, including the reporting of investments within New York Life's portfolios on a statutory basis, financial performance analysis, and the implementation of investment accounting policies.

In this capacity, you will ensure that all relevant reporting adheres to internal and external accounting standards and regulations. Additionally, you will provide financial analysis that elucidates and supports the reported results.


Key Responsibilities:


- Prepare, analyze, and review financial reporting deliverables related to NY Life's Investment portfolio, including reports for Senior Management, Investment Committees, Statutory Blue Books, and Statutory Notes/Disclosures.
- Oversee day-to-day responsibilities, perform self-reviews, and communicate progress effectively to management.
- Review financial reports for both internal stakeholders (Controller, CFO, Business Units, and Investment Committee) and external regulatory clients.
- Proactively assist the team in various capacities, including supporting senior associates/managers with projects and ad-hoc tasks, as well as providing assistance to offshore teams.
- Coordinate with shared services to prepare and deliver investment-related data.
- Ensure compliance with SOX regulations by developing, documenting, testing, and reviewing controls and procedures.
- Assist in the implementation and maintenance of Investment Accounting Policies in accordance with statutory standards and regulations.


Qualifications:
- Bachelor's Degree in Accounting or Finance.
- A minimum of 3-5 years of experience in accounting or finance.
- Proven ability to work independently and manage multiple tasks in a high-performance environment.
- Excellent oral and written communication skills.
- Strong interpersonal skills and self-motivation.
- Team-oriented with a commitment to helping others.
- Ability to thrive in a fast-paced environment and adapt to shifting priorities.
- Proficient in Microsoft Excel, Word, Access, and PowerPoint; experience with SAP/SharePoint is preferred.
Compensation and Benefits:
- Salary Range: $77,500 - $132,500
- Eligibility for discretionary bonuses.
- Actual base salary will be determined based on various factors, including experience, skills, qualifications, and job location. Employees may also be eligible for an annual discretionary bonus and participation in an incentive program.
- Comprehensive benefits package, including unique offerings for a modern workforce, such as leave programs, adoption assistance, and student loan repayment programs.

Diversity Commitment:
New York Life is dedicated to fostering a diverse workforce, as it is our mission to advocate for the financial security and success of individuals in every community. Our principles of diversity, equity, and inclusion are embedded in our brand and culture.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to enhancing local communities through a culture of employee giving and volunteerism, supported by the Foundation. Our mutuality ensures that we operate in the best interests of our policy owners.



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