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.
Business Overview:
Join Corporate Finance where expertise meets strategic impact. Partner with diverse business units, providing financial insights and guiding sound decision-making. You'll work collaboratively to ensure data accuracy, implement robust controls, and safeguard policy owner interests. Become part of a team dedicated to financial stewardship, enabling business performance, and paving the way for a secure future for generations to come.
Role Overview:
The position will be a member of the Accounting and Controllership - Statutory Accounting and Reporting Division and will be actively involved in the statutory financial reporting for all Insurance Legal Entities (6 in total) focusing on state regulatory and NAIC financial reporting obligations.
What You'll Do:
- Manage and oversee the company's compliance over State regulatory requirements
- Monitor and review all work performed by our co-source partner in connection with State Filing financial filings.
- Monitor regulatory communications to ensure proper delegation and compliance.
- Coordinate the payment of all invoices for license renewals, assessments, filing fees, and vendor expenses.
- Produce multiple NAIC required financial schedules/exhibits
- Lead Business Continuity Planner and Records Management coordinator for the area.
- Coordinate and assist with the review of the annual proforma statutory proforma financial statements
- Update and complete the statutory disclosure checklists for each company in connection with Audit requirements
- Proactively identify opportunities to continuously improve processes
What You'll Bring:
- Bachelor's Degree with emphasis or concentration in Accounting
- Strong financial statement analysis skills
- Working knowledge of Statutory Accounting Principles (SSAP) a plus
- Strong communication skills
- Understanding of General Ledger systems (SAP a plus) and other accounting software a plus
- Continuous Improvement mindset
- Strong working knowledge of Microsoft Excel, Word, PowerPoint and Workiva Wdesk
- 1 to 4 years in relative accounting experience
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Pay Transparency
Salary Range:$47,500-$80,000
Overtime eligible:Nonexempt
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.
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 theFoundation.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:91027