Investment Accounting & Reporting Analyst

Company: New York Life Insurance Company
Location: Jersey City
Posted on: April 8, 2021

Job Description:

Investment Accounting & Reporting Analyst Date: Mar 25, 2021 Location: Jersey City, NJ, US Company: New York Life Insurance Co A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It's a career journey you can be proud of, and you'll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation . It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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 . 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 GAAP basis, Statutory basis 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 --- 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.--- Prepare and review investment committee schedules on a quarterly basis within tight deadlines.--- Quarterly reporting deliverables including regulatory schedules, derivative program analysis, board reporting, and Controllers book.--- Work with our co-sourcing partner to ensure the Schedule DB's are accurately reported and review reconciliations provided by the co-sourcing partner.--- Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.--- Assist derivative team with various projects geared towards improving the efficiency of our derivatives accounting system.--- Provide variance analysis and other analytics for various business areas regarding the accounting for the various derivative programs. Qualifications --- Bachelor's degree in Accounting preferred--- Proficiency in Microsoft Office, with strong working knowledge of Excel--- Knowledge of Derivatives preferably accounting for derivatives 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: (212) 576-5811. SF:LI-MC1 Job Requisition ID: 83372 Nearest Major Market: New York City Nearest Secondary Market: Newark Job Segment: Accounting, Social Media, Investment, CPA, Finance, Marketing

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