Location Designation:Hybrid - 3 days per week
Our New York Life culture has laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.
As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You willbe part ofan inclusive teamguided by our belief to always be there for each other-providing the support and flexibilityto grow and reach new heights while making an impact in the lives of others.
You are our future, and we commit to investing in you accordingly.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Business Overview:
Institutional Life (IL) projection team is in charge of earnings/capital analysis and projection for institutional BOLI and COLI products. The role will drive close cross-functional collaborations within IL/Corporate Finance and business teams to deliver accurate financial reporting and analytical insights for IL management. This position is located in the NYC Home Office.
What You'll Do:
* Manage accounting/valuation policies, controls on valuation/reporting processes and financial audit requests in collaboration with Controllership and Actuarial Services teams
* Lead the quarterly variance analysis and reforecast on key financial metrics across accounting bases, such as management earnings, statutory surplus and required capital, as well as the development and analysis on the multi-year financial plan
* Communicate financial results and drivers to Finance and business management teams
* Manage and enhance actuarial modelling software to project Institutional Life Earnings
* Develop analytical tools and reports that provide management with insight into the risks and financial performance of the business
* Stay abreast of changes in the regulatory environment and product development that would affect product valuation and financial reporting
What You'll Bring:
* FSA with 5+ years of experience
* Prior experience with life insurance product financial reporting strongly desired
* Ability to adapt to fast changing work demands, with a high degree of urgency under tight deadlines
* Strong analytical skills and attention to detail, with the ability to apply financial/accounting concepts in various business situations
* Strong written and oral communication skills, including the ability to communicate with a wide range of stakeholders with technical/business backgrounds
* High professional integrity and work ethic
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range:$122,500-$210,000
Overtime eligible:Exempt
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 Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life's leadership in this space.
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:91702