Senior Associate - Investments Accounting & Reporting Reporting
Location Designation: Hybrid - 3 days per week
This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.
Job Title: Senior Associate, Investments Accounting & Reporting
A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. Its a career journey you can be proud of, and youll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortunes Worlds Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses Be Good At Life. To learn more, please visit LinkedIn, our Newsroom, and the Careers page of www.NewYorkLife.com.
Position Overview
Senior Associate a full-time position that provides support for the accounting and reporting of the Companys 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.
Key Responsibilities
Perform review and interface data from subledger to company SAP accounting ledger monthly. Prepare manual entries and run financial reports.
Compile daily and monthly reconciliations of GL account balances between SAP ledger and subledger system.
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, and annual surveys, along with referencing supports and documentation.
Correspondent to internal and external audit requests and compile supporting workpapers for interim and annual audits.
Contribute feedback and work through improvement opportunities, such as improve efficiency, enhance reports, and use AI tools to eliminate manual processes. Candidate will be involved 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.
Qualifications:
Bachelors degree in accounting.
Knowledge of SAP, Analysis for Office (AFO), Crystal Report a plus.
Knowledge of SS&C CAMRA system and FIS Investran system a plus.
Proficiency in Microsoft 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 skill, time management and collaboration.
Ideal candidate is self-starter, has good listening skills and is willing to learn.
Problem-solving abilities.
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range: $77,500-$110,000
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 individuals 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 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 Fortunes Worlds 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.
Job Requisition ID: 91544
Apply Now
This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.
Job Title: Senior Associate, Investments Accounting & Reporting
A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. Its a career journey you can be proud of, and youll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortunes Worlds Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses Be Good At Life. To learn more, please visit LinkedIn, our Newsroom, and the Careers page of www.NewYorkLife.com.
Position Overview
Senior Associate a full-time position that provides support for the accounting and reporting of the Companys 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.
Key Responsibilities
Perform review and interface data from subledger to company SAP accounting ledger monthly. Prepare manual entries and run financial reports.
Compile daily and monthly reconciliations of GL account balances between SAP ledger and subledger system.
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, and annual surveys, along with referencing supports and documentation.
Correspondent to internal and external audit requests and compile supporting workpapers for interim and annual audits.
Contribute feedback and work through improvement opportunities, such as improve efficiency, enhance reports, and use AI tools to eliminate manual processes. Candidate will be involved 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.
Qualifications:
Bachelors degree in accounting.
Knowledge of SAP, Analysis for Office (AFO), Crystal Report a plus.
Knowledge of SS&C CAMRA system and FIS Investran system a plus.
Proficiency in Microsoft 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 skill, time management and collaboration.
Ideal candidate is self-starter, has good listening skills and is willing to learn.
Problem-solving abilities.
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range: $77,500-$110,000
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 individuals 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 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 Fortunes Worlds 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.
Job Requisition ID: 91544
Apply Now