Location Designation: Hybrid
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.
Role Responsibilities
- Assist in providing technical accounting support to the different constituents at the company on both a statutory and GAAP basis as needed by doing technical accounting research and documenting the Company’s position on complex transactions
- Update and maintain the Company’s accounting policy manual by identifying policies that require update based on our rotation schedule as well as policies that require update based on new standards that have become effective under both statutory and U.S. GAAP accounting
- Provide technical support to the reporting teams during the financial statements pro-forma process. This process requires an in-depth review of the accounting policy disclosures, recent accounting pronouncements and any other disclosures requiring update mainly for the insurance companies’ financials, but also for a number of non-insurance subsidiary financials
- Actively monitor US GAAP and US SAP standard setter activities and assist with the update of APD’s accounting standards database.
- Assist with the preparation and dissemination of information on new and emerging accounting and reporting matters. This includes the preparation of the quarterly standard setters reports as well as leading education sessions with the appropriate constituents
- Assist with the documentation of the Company’s implementation of all new accounting pronouncements by preparing memorandums on the new technical guidance including their impact to the different areas of the company
- Review quarterly accounting changes and prepare statistical reports for upper management
- Participate in industry calls related to standard setter activity impacting the industry and voice NYL’s position as needed
- Assist with the preparation of In Flights reports, which requires coordination with the different business units regarding transactions of interest by the Controller
- Develop an understanding of investment-related and insurance-related International Accounting Standards to properly support the Company’s Canadian branches
- Manage the group’s SOX processes and provide requested support timely
- Manage the rep letter process for the GMTN program
Business Experience and Technical Skills
- Undergraduate degree in accounting. CPA license is a plus
- Public accounting with an insurance industry focus and with 3 years of experience a plus
- Strong ability to analyze complex accounting issues and transactions and perform accounting research
- Strong ability to interpret complex accounting standards and document the Company’s position thoroughly
- Good understanding of statutory accounting standards for insurance companies
- Ability to work independently and solve complex problems with limited supervision
- Ability to work across different areas of the organization
- Comfortable with presenting at meetings and disseminating complex accounting information in a concise, clear manner
Salary range: $65,000-$100,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.
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. 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.
Job Requisition ID: 86630