New York Life Insurance Company
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Senior Associate, Business Unit Accounting & Controls - Life & Disability
Senior Associate, Business Unit Accounting & Controls - Life & Disability
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The Role
The role involves financial oversight of insurance portfolios, financial reporting, partnering with stakeholders, process improvements, and technical accounting support.
Summary Generated by Built In
Location Designation: Hybrid - 3 days per week
Senior Associate, Business Unit Accounting & Controls - Life and Disability
Business Overview:
The mission of the Business Unit Accounting & Controls - Life and Disability ("BUAC Life & DI") team of the Corporate Controllers Department is to partner with our stakeholders by understanding their needs to ultimately provide a service that is superb, timely and valuable, while simultaneously expanding and improving our service capabilities.
Role Overview:
Life & Disability Controllers works closely with a variety of stakeholders in New York Life Insurance Company's insurance lines of business (including our Mexican subsidiary Seguros Monterrey New York Life) and other corporate areas to ensure the integrity of New York Life general ledgers, deliver timely and accurate financial reporting and drive continuous improvement in our processes.
What You'll Do:
This Senior Associate position will be located in our New York City office and will be responsible primarily for the following:
1. Financial Ownership & Control• Own end-to-end financial oversight of assigned insurance and reinsurance portfolios, ensuring accuracy, completeness, and integrity of financial results• Lead the accounting, reporting, and control framework for assumed and ceded reinsurance arrangements, including validation of premiums, claims, and reserves• Ensure adherence to MAR/SOX requirements, including control design, documentation, and execution• Partner with internal and external auditors to support financial statement audits and regulatory compliance
2. Business Partnership & Financial Insights• Deliver actionable insights on product performance, earnings drivers, and capital impacts to inform business and finance leadership decisions• Collaborate with business unit finance, actuarial, and product teams to evaluate new products and enhancements, translating complex insurance activity into clear financial implications• Support development of key performance indicators and enhance analytical frameworks to improve financial storytelling
3. Transformation & Process Innovation• Lead and support initiatives to transform accounting and reporting processes through automation, AI tools, and advanced analytics• Identify and implement opportunities to improve efficiency, reduce close cycle times, and enhance data quality• Contribute to broader Finance transformation efforts, including data strategy, system implementations, and process standardization
4. Technical Accounting & Regulatory Excellence• Partner with Accounting Policy to evaluate and document technical accounting positions related to insurance and reinsurance transactions• Support preparation of statutory financial statements, including Blue Book schedules and audited footnotes• Maintain strong knowledge of statutory accounting principles and emerging regulatory developments
What You'll Bring:
A successful candidate should have
1. Bachelor's degree in Accounting or Finance (a master's degree and/or a CPA license is desirable but not required)
2. 5-7+ years of experience in insurance, reinsurance or public accounting
3. Strong understanding of statutory accounting principles, financial reporting and internal controls
4. Demonstrated ability to analyze complex financial data and translate results into actionable insights
5. Experience working across functions and influencing stakeholders in a matrixed environment
6. Proficiency in Excel and experience with financial systems and analytical tools (e.g., SAP, AFO, Wdesk, Tableau, SQL)
7. Experience leveraging automation, AI, or data tools in financial processes is strongly preferred
8. Self-motivated, intellectually curious, and able to operate effectively in a dynamic, evolving environment
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range: $105,000-$128,000
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.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities-inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.
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 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 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.
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.
Job Requisition ID: 94041
#BI-Hybrid
Senior Associate, Business Unit Accounting & Controls - Life and Disability
Business Overview:
The mission of the Business Unit Accounting & Controls - Life and Disability ("BUAC Life & DI") team of the Corporate Controllers Department is to partner with our stakeholders by understanding their needs to ultimately provide a service that is superb, timely and valuable, while simultaneously expanding and improving our service capabilities.
Role Overview:
Life & Disability Controllers works closely with a variety of stakeholders in New York Life Insurance Company's insurance lines of business (including our Mexican subsidiary Seguros Monterrey New York Life) and other corporate areas to ensure the integrity of New York Life general ledgers, deliver timely and accurate financial reporting and drive continuous improvement in our processes.
What You'll Do:
This Senior Associate position will be located in our New York City office and will be responsible primarily for the following:
1. Financial Ownership & Control• Own end-to-end financial oversight of assigned insurance and reinsurance portfolios, ensuring accuracy, completeness, and integrity of financial results• Lead the accounting, reporting, and control framework for assumed and ceded reinsurance arrangements, including validation of premiums, claims, and reserves• Ensure adherence to MAR/SOX requirements, including control design, documentation, and execution• Partner with internal and external auditors to support financial statement audits and regulatory compliance
2. Business Partnership & Financial Insights• Deliver actionable insights on product performance, earnings drivers, and capital impacts to inform business and finance leadership decisions• Collaborate with business unit finance, actuarial, and product teams to evaluate new products and enhancements, translating complex insurance activity into clear financial implications• Support development of key performance indicators and enhance analytical frameworks to improve financial storytelling
3. Transformation & Process Innovation• Lead and support initiatives to transform accounting and reporting processes through automation, AI tools, and advanced analytics• Identify and implement opportunities to improve efficiency, reduce close cycle times, and enhance data quality• Contribute to broader Finance transformation efforts, including data strategy, system implementations, and process standardization
4. Technical Accounting & Regulatory Excellence• Partner with Accounting Policy to evaluate and document technical accounting positions related to insurance and reinsurance transactions• Support preparation of statutory financial statements, including Blue Book schedules and audited footnotes• Maintain strong knowledge of statutory accounting principles and emerging regulatory developments
What You'll Bring:
A successful candidate should have
1. Bachelor's degree in Accounting or Finance (a master's degree and/or a CPA license is desirable but not required)
2. 5-7+ years of experience in insurance, reinsurance or public accounting
3. Strong understanding of statutory accounting principles, financial reporting and internal controls
4. Demonstrated ability to analyze complex financial data and translate results into actionable insights
5. Experience working across functions and influencing stakeholders in a matrixed environment
6. Proficiency in Excel and experience with financial systems and analytical tools (e.g., SAP, AFO, Wdesk, Tableau, SQL)
7. Experience leveraging automation, AI, or data tools in financial processes is strongly preferred
8. Self-motivated, intellectually curious, and able to operate effectively in a dynamic, evolving environment
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range: $105,000-$128,000
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.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities-inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.
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 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 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.
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.
Job Requisition ID: 94041
#BI-Hybrid
Skills Required
- Bachelor's degree in Accounting or Finance
- 5-7+ years of experience in insurance, reinsurance or public accounting
- Strong understanding of statutory accounting principles
- Ability to analyze complex financial data
- Experience working across functions in a matrixed environment
- Proficiency in Excel and experience with financial systems
- Experience leveraging automation, AI, or data tools
What the Team is Saying
Tyrone
Corporate Vice President, Employee Experience
Emma
Director, Tech, Data, AI, Ventures (TDAV)
Deepa
Chief Information Officer
New York Life Insurance Company Compensation & Benefits Highlights
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Retirement Support — 401(k) savings with company match alongside eligibility for a defined‑benefit pension in some roles underscores unusually strong retirement depth. Plan documents note vesting requirements and company materials highlight financial education around choices like Roth 401(k).
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Healthcare Strength — Comprehensive medical, dental, and vision options are paired with tools to help choose cost‑effective care, plus FSAs/HRA and mental health/EAP resources for employees and families. Well‑being programs and wellness centers or discounts reinforce access to care.
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Parental & Family Support — Paid time off, expanded paid new‑parent leave, adoption assistance, fertility support, backup childcare, and elder‑care resources indicate broad family coverage. Company recognition for family supports and ERGs signals emphasis on flexibility and caregiving needs.
New York Life Insurance Company Insights
What's It Like to Work at New York Life Insurance Company?
New York Life Insurance Company Culture & Values
New York Life Insurance Company Career Growth & Development
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New York Life Insurance Company Leadership & Management
New York Life Insurance Company Company Growth, Stability & Outlook
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The Company
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.
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Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Typical time on-site:
Not Specified
