Finance Rotational Associate

  • Competitive
  • New York, NY, USA New York NY US
  • Permanent, Full time
  • New York Life Insurance Company
  • 21 Mar 18 2018-03-21

Finance Rotational Associate

New York Life Insurance Company ("New York Life" or "the company") is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.

New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2016 operating earnings of $1.954 billion. Total assets under management at year end 2016, with affiliates, totaled $538 billion. As of year-end 2016, New York Life's surplus was $23.336 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 Third Party Ratings Report as of 8/17/16).

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.

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.
At New York Life, finance impacts everything from product design, pricing, and strategic planning, to, ultimately, our financial results. If you are a problem-solver, creative-thinker, and builder of ideas consider this wonderful opportunity with New York Life Insurance Company. As an Associate you can look forward to a three-year rotational program that contains extensive technical, business and professional development training from experienced staff.

The Finance Rotational Program offers an exciting opportunity for graduates who are looking to gain the experience, skills, support, and exposure that they need to help launch their careers. Our program combines challenging work experience and the opportunity to work closely with finance professionals. You'll receive continuous training and development through classes and monthly presentations, exposure to senior management, and a mentor to help network and build relationships throughout the Company.
Work experience.
Our program offers yearly rotations through three different business divisions. Associates are placed across the organization in Corporate Finance, the Insurance and Agency Group, and the Investments Group including Mutual Funds and Investment Boutiques. Specific functions could include:

  • Expense Management
  • Financial Planning & Analysis
  • GAAP Accounting
  • Statutory Accounting
  • Investment Accounting
  • Risk Management
  • Sales Reporting
  • Treasury
  • Data Analytics
  • Corporate Audit
  • Separate Accounts

Required Skills:
We seek candidates who exhibit the following characteristics:
  • Bachelor's degree with an accredited college or university (or in a Graduate program)
    • Preferred majors: Finance, Accounting, Economics
  • Cumulative GPA of 3.0 or higher
  • Strong written and oral communication, and interpersonal skills
  • Ability to multi task and prioritize work in a face paced environment
  • Insurance or Financial Service Industry is a plus
  • Analytically minded
  • Knowledge of general accounting principles.
  • Proficient in Excel, PowerPoint
  • Be a self starter and eager to learn


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* Based on revenue as reported by "Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual)," Fortune Magazine, June 17, 2016. See for methodology.
** Total surplus, which includes the Asset Valuation Reserve, is one of the key indicators of the company's long-term financial strength and stability and is presented on a consolidated basis of the company.

1. Operating earnings is the key measure use by management to track Company's profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US (GAAP), with certain adjustments Company believes to be appropriate as a measurement approach (non GAAP), primarily the removal of gains or losses on investments and related adjustments.

2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.