Separate Accounts Division Lead

  • Competitive
  • Jersey City, NJ, USA
  • Permanent, Full time
  • New York Life Insurance Company
  • 20 Oct 18

Separate Accounts Division Lead

New York Life Insurance Company is the largest mutual life insurance company in the United States. Founded in 1845 and headquartered in New York City, New York Life reported 2017 operating earnings of $2.06 billion. Total assets under management at year end 2017, with affiliates, totaled $586 billion.

New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody's Aaa; Standard & Poor's AA+ (Source: Individual independent rating agency commentary as of 8/1/17).

Financial strength, integrity and humanity-the values upon which New York Life was founded-have guided the company's decisions and actions for over 170 years.

Job Function and Key Duties & Responsibilities:

  • Manage a team of accountants responsible for the accounting and reporting for the New York Life Insurance and Annuity Corporation's ("NYLIAC") Separate Accounts.
  • Responsibilities include:
    • Manage the preparation of and review the accounting, reporting and analysis on a Statutory and GAAP basis for various separate accounts
    • Manage the preparation of and review the Separate Account Statutory Annual Statement filed with the NAIC and the state insurance departments.
    • Review the annual financial statements for each SEC registered separate account, annual disclosures, prospectus' and Edgar filings for SEC Registered separate accounts of variable life and variable annuity products.
    • Assist in the development of the accounting requirements and testing for new products.
    • Responsible for researching and understanding the accounting and regulatory guidance related to separate accounts.
    • Act as liaison with internal and external auditors.

Required Qualifications:
  • Bachelor's degree in Accounting/Finance with a minimum of 7+ years experience in financial accounting/reporting and or investment accounting/reporting.
  • Strong oral and written communication skills. Must be able to effectively communicate with various levels of management, internal customers and auditors.
  • Strong management/supervisory, interpersonal and analytical skills.
  • Team oriented. Ability to work in a fast- paced environment and shift priorities as necessary.
  • Proficient in Microsoft Excel, Word, Access and Power Point.

Additional Qualifications:
  • Knowledge of life insurance industry accounting (Statutory accounting) and/or insurance separate accounts is a plus.
  • Knowledge of Wings, SAP and W desk experience is a plus.
  • CPA or MBA is a plus.



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