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Senior Associate, Mutual Fund Accounting & Administration

Company: New York Life Insurance Company
Location: Jersey City
Posted on: October 10, 2018

Job Description:

New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM's vision is to be one of the most trusted providers of investment management expertise and long-term financial security. The Associate position in the Fund Administration & Accounting Department assists in the accurate completion of accounting and administration functions for the mutual fund family sponsored by a premier U.S. Life Insurance Company. The fund family consists of over 80 mutual funds, supporting both the retail and variable annuity sales channels. The Associate works in a team environment and assists the department in the oversight of external service providers and interacts with multiple internal departments. Responsibilities include:

  • Review of daily Net Asset Value calculations performed by external service provider against broader market indicators and other key areas of daily fund operations to ensure accuracy and compliance with procedures;
  • Detailed review of financial statements of the mutual funds prepared by an external service providers including fact sheets, semi-annual and annual reports, Form N-PORT and Form N-CEN filings;
  • Assist with end of day security valuation issues and preparation of the valuation materials detailing the events for reporting to the board of directors;
  • Analytical review of monthly, quarterly and annual income and capital gain distributions;
  • Work with the legal department regarding the completion of the annual mutual fund registration statements on Form N-1A;
  • Review of fund expense budgets and asset based fee calculations;
  • Oversight and management of external accounting agents and administrators of the mutual funds;
  • Identify and implement opportunities to modify processes and procedures to improve operational efficiencies and quality services in the department;
  • Support product development initiatives including new fund launches, restructuring, fund adoptions, mergers or fund closures;
  • Review of accounting related issues included in new fund set up, monitoring of key indicators and taking appropriate action to resolve;
  • Interact with the external auditors for support in completing the annual audits of the mutual funds;
  • Representing the department with key stakeholders including communicating with the Fund's investment advisors and operations teams;
  • Maintain files that are organized and efficient to retrieve. Required Qualifications:
    • Bachelor of Science or Business Administration degree in accounting or finance.
    • A minimum of 5 years of mutual fund accounting or administration experience.
    • The individual should possess strong verbal and written communication skills along with excellent organizational & time managment skills and must be detail oriented .
    • The candidate should possess strong analytical and technical accounting skills.
    • Mutual Fund tax experience is a plus.
    • Knowledge of Microsoft Office products is required. SF:LI-MD1 SF:EF-MD1 EOE M/F/D/V If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: . Senior Associate, Mutual Fund Accounting & Administration

      Keywords: New York Life Insurance Company, Jersey City , Senior Associate, Mutual Fund Accounting & Administration, Accounting, Auditing , Jersey City, New Jersey

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