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CVP, SAP Financial Products Subledger

6 hours ago

Philadelphia, Pennsylvania, United States New York Life Insurance Company Full time

Location Designation:
**Hybrid - 3 days per week**
Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of being there when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.

Preferred location is Philadelphia and hybrid / 3 days onsite schedule. A remote work arrangement may be considered for well-qualified candidates.
What You'll Do

  • Responsible for defining, planning, tracking, and managing SAP FPSL projects successfully by identifying key resources and providing the direction to meet defined objectives.
  • Lead and support S/4 HANA Finance pursuits and engage with all Development initiatives
  • Translate business requirements into a software solution using SAP FPSL
  • Supervise and coach junior colleagues and manage parts of project engagements
  • Ad hoc analysis of production incidents and provide problem resolution
  • SAP FPSL specialists deliver the technology and services to help meet business performance goals and improve processes
  • Work with other project teams to develop solutions
  • Promote and foster collaboration and knowledge sharing between Business & Technology teams
  • Participate in project planning activities and manage the execution of enhancements & multiple parallel Projects
  • Manage relationship with project stakeholders, keeping them informed of progress and issues in order to manage expectations on all the project deliverables.

Business and Accounting Understanding

  • Worked on projects in the financial services industry (insurance companies, banks, fintechs, insurtechs)
  • Worked in at least one of the following areas: financial accounting, financial controlling, risk management, regulatory/statutory compliance
  • Willing to dig into financial reporting (e.g. US-GAAP or US Statutory)
  • Evaluates potential solutions to ensure requirements are aligned with the accounting standards and can be implemented/configured in the SAP FPSL landscape
  • Solid grasp of insurance accounting business requirements and ability to document and communicate them effectively to product owner(s), business customers and team members is a plus

What You'll Bring
System Knowledge and Project Experience

  • Minimum of 6-8 years of SAP Experience preferably in FSI industry
  • Prior implementation of SAP solutions
  • Prior implementation of a sub-ledger preferred; experience with configuration of a standard accounting solution - preferably on an SAP platform (e.g. SAP Bank Analyzer, FPSL, Accounting for Insurance Contracts)
  • Alternatively, SAP FS-CD, SAP FS-RI or SAP S/4 Hana FI (with focus on technical subledger)
  • Engaged participation in the agile project delivery (sprint planning, JIRA, retrospective, etc.)
  • Understanding of end-to-end system landscape (source, master data, general ledger, consolidation) and how the data flows from the source to produce the required bookings, reports and interfaces
  • Ability to understand implementation design for new solutions and to specify requirements to developers for change requests
  • Knowledge of SQL as well as familiarity with scripting or programming languages

Skills & Competencies

  • Great teammate with a high degree of personal accountability
  • Curious to learn and understand
  • Strong delivery focus as well as analytical capabilities
  • Ability to work under stress and to cope with peak time
  • Experience in working in larger scale agile projects
  • Problem solving demeanor: ability to break-down complex issues into relevant details and solvable actions

Pay Transparency
Salary range:
$125,000 - $185,000 (Philadelphia)

Overtime eligible:
Exempt

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.

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location. 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 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. Click here to learn more about how we have been recognized for our leadership.

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

Job Requisition ID: 93057

GBS