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.
This role sits within the Treasury Operations team of Treasury and FP&A in Corporate Finance. You will be part of a fast-paced and dynamic team primarily responsible for performing cash forecasting responsibilities for the Company and subsidiaries, while interacting with a variety of internal business units and external banking partners.
Responsibilities
- Development of daily cash forecasts for NYL and its insurance subsidiaries, consisting of the consolidation of operational business and investment projections and updating for actual results
- Prepare a weekly cash forecast and present results to NYL Investors, the Office of the Chief Investment Officers and business unit representatives
- Updating and distribution of the annual forecast on a monthly basis
- Support the Treasurer with ongoing liquidity projections
- Invest excess cash in a short-term investment fund or overnight government mutual funds daily
- Liaise with various teams across the enterprise to enhance projections and understand variances
- Be a key point in responding to ad-hoc report requests and forecasting-related inquiries
- Support in the training and development of forecasting staff in NY and Knoxville offices
- Collaborate with IT to enhance and streamline processes where applicable
- Assist in the research of payment inquiries and investigations between business areas and Treasury
- Contribute and assist in the planned migration to a new cash forecasting system
- Provide support to other Treasury Operations teams as needed
Qualifications
- Bachelor’s Degree in Finance or Accounting preferred
- Minimum 5 years’ experience in a Corporate Treasury or Finance environment
- Previous experience with cash forecasting and/or data analytics preferred
- Experience with Treasury Workstations desired
- Solid understanding of insurance company line of business structure preferred
- Proficient in MS Office, Crystal Reports
- Energetic, self-starter with strong written and oral communication skills and attention to detail
Salary range: $72,500-$107,500
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.
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Job Requisition ID: 89064
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