Mortgage Loan Accounting Associate

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • New York Life Insurance Company
  • 15 Oct 18

Mortgage Loan Accounting Associate

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.

Description: A full-time position that provides support for Mortgage Loan reporting, accounting and technical functions within New York Life Investors, LLC, an integrated asset management enterprise with over $238 billion under management as of December 31, 2017. Additional responsibilities for real estate assets and partnership accounting are functions within the group that may be rotated into this position upon job growth.

Responsibilities: Perform financial reporting (primarily internal) and accounting for mortgage loan investments. Role will also be the key technical support liaison to troubleshoot and log system issues, assist to improve processes (i.e. centralize reporting, data management, etc.), work with senior colleagues to pursue best practices to effectively control data and reporting and take the lead for the testing the division's new and existing system projects and upgrades.

Financial Reporting and Accounting:

  • Prepare reporting assignments and ensure that workpaper referencing support is clearly documented
  • Prepare, gather, analyze, build, organize and/or review reporting for various requests and/or inquiries
  • Service a portfolio of loans. This includes tasks such as - communication with borrowers/servicers/colleagues, processing transactions, researching payments, preparing/reviewing escrow analysis, full payment statements, amortization schedules and loan payment histories
  • Execute assignments according to company/department's procedures, controls and systems and incorporate decision making in his/her work related to operational requests
  • Assist with special projects/research work

Technical Skills:
  • Full responsibility on all system requests (i.e. SQL updates, system issues, etc.) that arise in operations
  • Learn existing reporting sources and develop/improve/track reporting (i.e. centralize inventory, etc.)
  • Prepare test plans and assist with planning and testing new systems, new system releases and/or reporting enhancements
  • Expect candidate to contribute feedback and work through improvement opportunities (i.e. using systems differently to improve efficiency, enhanced reports, etc), including researching, developing and implementing procedures
  • Provide ad-hoc reporting

Knowledge and Skills:
  • A Bachelor's Degree concentrated in accounting, business and/or computer science is preferred, but will consider other degrees with SQL server training certification or experience with SQL development and/or report writing
  • High level of proficiency in Excel (Macros)
  • Detailed knowledge of Microsoft SQL Server technology to create and update SQL Queries
  • Knowledge of Business Objects, Crystal Report Writer, Qlik Sense, MarkIT and SSRS
  • Knowledge of SS&C's Precision LM system is a plus
  • Individual must maintain high organizational skills, effective communication skills and be a team player
  • Ideal candidate is self-starter, can work independently, possess good listening skills and willing to learn
  • Accountable for all work contributions and provides informal guidance to others (i.e. status of system issues, etc) to team members as necessary
  • Problem solving skills; expect candidate to solve problems by analyzing and providing possible solutions using education, experience, judgment and precedents



If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) 576-5811.