Sr. Accountant, Investment Accounting & Reporting

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.

 

 

Position Overview

Senior Associate – Derivative Accounting & Reporting performs a variety of duties including accounting and reporting of the Derivatives for NYL and NYLIAC General & Separate Accounts on a Statutory  and management basis as well as NYLE on a GAAP basis. Familiarity with derivatives will be beneficial in the preparation and review of certain entries as well as the analytics that is performed in the area. 

 

Responsibilities 

1.   Provide monthly accounting and reporting of the derivative portfolio for the general account, separate account and NYLE in accordance with SSAP 86, ASC 815 and the Investment Accounting Policy. 

2.   Prepare and review investment committee schedules on a quarterly basis within tight deadlines. 

3     Quarterly reporting deliverables including regulatory schedules, derivative program analysis, board reporting, and Controllers book.

4.    Work with our co-sourcing partner to ensure the Schedule DB’s are accurately reported and review reconciliations provided by the co-sourcing partner.

5.   Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.

6.   Assist derivative team with various projects geared towards improving the efficiency of our derivatives accounting system. 

7.  Provide variance analysis and other analytics for various business areas regarding the accounting for the various derivative programs.

 

Qualifications

1. Bachelor’s degree in Accounting preferred

2. CPA a plus

3. Proficiency in Microsoft Office, with strong working knowledge of Excel

4. Knowledge of Derivatives preferably accounting for derivatives

 

 

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: 89138