FACT (Financial Accuracy Calculation Team) Sr. Specialist

Posted 3 Days Ago
Be an Early Applicant
Hiring Remotely in New York, NY, USA
In-Office or Remote
59K-82K Annually
Senior level
Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
Powered by purpose. Driven by people. Built to evolve.
The Role
Processes and validates routine disability claim financial transactions, including benefit calculations, offsets, overpayments, recoveries, and repayment plans. Communicates with claimants and vendors, reviews bankruptcy impacts, documents decisions, applies claim policies, escalates discrepancies, and identifies automation and reporting improvements using AI tools.
Summary Generated by Built In
Location Designation: Fully Remote
Group Benefit Solutions deliverscomprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of beingthere when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.
Role Overview:
The FACT (Financial Accuracy Calculation Team) Sr. Specialist plays an important role in ensuring accurate financial processing and communication within the claims lifecycle. This position is responsible for evaluating and executing routine financial transactions, coordinating with internal and external customers, and maintaining clear documentation to support claims integrity and policy compliance. The ideal candidate is detail-oriented, proactive in communication, and comfortable working in a deadline-driven environment.
What You'll Do:
  • Ownership of accuracy in financial coding and calculations for routine claim transactions.
  • SSDI awards and any resulting overpayments
  • Non-complex Basic Monthly earnings calculation
  • Non-complex Return to Work earnings calculations
  • Routine offset coding
  • Overpayment recoveries
  • Engage directly with claimants to initiate repayment discussions, both ongoing and closed claims, to establish repayment plans.
  • Work with third-party vendors (e.g., SSDI and subrogation vendors) to coordinate calculation reviews and manage financial recovery efforts related to workers' compensation, motor vehicle accidents (MVAs), and third-party liability.
  • Support reviews of claimant bankruptcy filings and assess impact on recovery efforts and financial processing.
  • Create clear written and deliver verbal communications to claimants regarding offset placements, overpayments, and repayment arrangements.
  • Identify potential financial discrepancies and escalate issues to Technical Associates for further review and resolution.
  • Maintain complete and accurate documentation of financial decisions and correspondence in claim files to ensure clear understanding by any reviewer.
  • Apply relevant claim policies, procedures, and provisions during all stages of review and processing to ensure compliance and consistency.
  • Identification of automation and reporting improvements, with a focus on AI tools.

What You'll Bring:
  • Associate degree or above preferred.
  • 2+ years of experience in disability claims, insurance operations, or financial processing.
  • Understanding of basic financial concepts including benefit calculations, overpayments, and offsets.
  • Strong attention to detail and accuracy.
  • Strong communication skills (written and verbal), with a customer-centric approach.
  • Strong focus on continuous improvement.
  • Ability to manage sensitive or confidential information with professionalism and discretion.
  • Experience with financial or claims systems (e.g., policy administration, workflow tools) a plus.
  • Comfortable working collaboratively in a fast-paced environment.
  • Strong time management and organizational skills.

Preferred Skills
  • Industry designation (Associate, Customer Service (ACS), Fellow, Life Management Institute (FLMI), etc.).
  • Experience with disability insurance products.
  • Experience with Admin Suite.
  • Familiarity with AI tools.
  • Familiarity with SSDI processes, subrogation, and insurance recovery practices.
  • Familiarity with payroll and W-2 reporting.
  • Proficiency in Microsoft Office Suite (Excel, Outlook, Word).
  • Accounting/bookkeeping experience.
  • Experience with receivable collections.

It is recommended that all qualified candidates apply to this posting as soon as possible. Residents of Colorado are hereby notified that the deadline to apply is two weeks from the Posting Date listed above.
#LI-ML1
#LI-REMOTE
Pay Transparency
Salary range: $58,500-$81,500
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.
Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location.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 hereto 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 the Foundation. 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: 95141
#GBS

Skills Required

  • 2+ years of experience in disability claims, insurance operations, or financial processing
  • Understanding of basic financial concepts, including benefit calculations, overpayments, and offsets
  • Strong attention to detail and accuracy
  • Strong written and verbal communication skills with a customer-centric approach
  • Strong focus on continuous improvement
  • Ability to manage sensitive or confidential information professionally and discreetly
  • Experience with financial or claims systems, such as policy administration or workflow tools
  • Ability to work collaboratively in a fast-paced environment
  • Strong time management and organizational skills
  • Associate degree or above
  • Industry designation such as ACS or FLMI
  • Experience with disability insurance products
  • Experience with Admin Suite
  • Familiarity with AI tools
  • Familiarity with SSDI processes, subrogation, and insurance recovery practices
  • Familiarity with payroll and W-2 reporting
  • Proficiency in Microsoft Office Suite, including Excel, Outlook, and Word
  • Accounting or bookkeeping experience
  • Experience with receivable collections

What the Team is Saying

Tyrone
Emma
Deepa
Patricia
Joel
Nishit

New York Life Compensation & Benefits Highlights

  • Retirement Support — The package prominently features a defined‑benefit pension alongside a 401(k) with company match, with some materials noting day‑one vesting. This combination is repeatedly highlighted as a standout for long‑term security.
  • Parental & Family Support — Offerings include fertility support, adoption assistance, childcare and elder‑care resources, backup childcare/tutoring, and expanded paid new‑parent leave. These benefits are presented as broad, practical supports for caregivers.
  • Healthcare Strength — Listed benefits span medical, dental, vision, spending accounts, life and disability coverage, plus EAP, counseling, wellness resources, and fitness perks. The breadth of core health coverage is consistently emphasized for corporate roles.

New York Life Insights

Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: New York, NY
12,000 Employees
Year Founded: 1845

What We Do

At New York Life, our 180-year legacy of integrity, mutuality, and financial strength fuels a future defined by bold transformation. As the largest mutual life insurance company in the U.S., we operate on behalf of our policy owners—not shareholders. That structure allows us to take a long-term view, investing in people, purpose, and innovation that endures. Guided by a clear enterprise vision to become a technology-, data-, and AI-powered company, we’re modernizing our platforms, rearchitecting experiences, and embedding intelligence across our products and services. Our mission has always been about helping people through life’s most meaningful moments. Today, technology is amplifying that mission—enabling us to serve clients, advisors, and communities in more personalized, proactive ways. With a diversified business portfolio spanning insurance, investments, retirement, group benefits, and direct-to-consumer offerings, New York Life delivers the stability of a Fortune 100 company with the agility of one that’s continuously evolving. We’re powered by a values-led culture, inclusive teams, and a shared belief that when our people thrive, so does our company. Here, tradition fuels momentum—and your ideas, energy, and growth power what’s next.

Why Work With Us

New York Life is transforming from the inside out—blending 180 years of trust with the velocity of innovation. What makes us different is our culture: grounded in integrity, humanity, and shared success—values that show up in how we work, lead, and grow. If you want a place where innovation has purpose—build what's next with us.

Gallery

Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery
Gallery

New York Life Teams

Team
Finance
Team
Artificial Intelligence & Data
Team
Client Services
Team
Technology
About our Teams

New York Life Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: Not Specified
Company Office Image
HQNew York, NY
Company Office Image
Jersey City, NJ
Philadelphia, PA
Company Office Image
Tampa, FL
Company Office Image
White Plains, NY
Learn more

Similar Jobs

New York Life Logo New York Life

Associate, Valuations

Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
In-Office or Remote
New York, NY, USA
12000 Employees
110K-140K Annually

New York Life Logo New York Life

Representative, Absence Leave Manager

Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
In-Office or Remote
New York, NY, USA
12000 Employees
37K-52K Annually

New York Life Logo New York Life

Account Executive

Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
In-Office or Remote
New York, NY, USA
12000 Employees
90K-100K Annually

New York Life Logo New York Life

Senior Associate, Life Insurance Concierge

Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
In-Office or Remote
New York, NY, USA
12000 Employees
89K-115K Annually

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account