New York Life Insurance Co

Senior Associate - Life & Disability Controllers

New York Life Insurance Co$100K — $143K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance; master's degree or CPA preferred.
  • 5-7+ years of experience in insurance, reinsurance, or public accounting.
  • Strong understanding of statutory accounting principles and financial reporting.
  • Ability to analyze complex financial data and translate results into actionable insights.
  • Experience in cross-functional collaboration and influencing in a matrixed environment.
  • Proficient in Excel with knowledge of financial systems like SAP, Tableau, and SQL.
  • Experience with automation, AI, or data tools in financial processes is a plus.

Responsibilities

  • Own end-to-end financial oversight of assigned insurance and reinsurance portfolios.
  • Lead accounting and control for direct and assumed reinsurance arrangements.
  • Ensure compliance with MAR/SOX requirements and partner with auditors.
  • Deliver actionable insights on product performance and earnings drivers.
  • Collaborate with various teams to evaluate new products and translate complex activities into financial impacts.
  • Lead initiatives for transformation through automation and advanced analytics.
  • Partner with Accounting Policy to evaluate technical accounting positions.

Benefits

  • Comprehensive benefits package including leave programs and adoption assistance.
  • Student loan repayment programs.
  • Regularly refined and expanded benefits based on employee feedback.
Full Job Description
Location Designation: Hybrid - 3 days per week

Job Title: Senior Associate, Life and Disability Controllers

Role Overview:

The mission of the Life and Disability Controllers 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.

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 direct business and 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
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Pay Transparency

Salary Range: $100,000-$143,000

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.

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.

Job Requisition ID: 94347

About New York Life Insurance Co

New York Life Insurance Company is a mutual life insurance company in the United States and one of the life insurers in the world, ranking #88 on the 2014 Fortune 500 list with over $540 billion in total assets under management, and more than $19 billion in surplus and AVR. New York Life and its subsidiaries provide insurance, investment, and retirement solutions. For 175 years, the company has been helping people put their love into action. It was founded in 1845 and is headquartered in New York.

New York Life Insurance Co Careers

Join the esteemed team at New York Life Insurance Co, a leader in the insurance industry, and propel your career to new heights with unparalleled job opportunities. As one of the most respected names in life insurance, we offer a platform where professionalism meets innovation, creating an environment ripe for personal and professional growth.

Work You’ll Do

At New York Life Insurance Co, you will be part of a culture that cherishes diversity and fosters leadership. Our team is composed of skilled professionals dedicated to providing financial security and peace of mind to our clients. By joining us, you will collaborate with top-tier experts in finance and insurance, leveraging your skills to make a meaningful impact.

Explore Career Paths

Whether you are seeking an internship, a full-time position, or a leadership role, New York Life Insurance Co provides a variety of career paths to help you achieve your professional goals. Our commitment to career development is evident through extensive training programs and continuous learning opportunities that ensure our team remains at the forefront of the industry.

Innovate and Lead

Embrace the opportunity to lead projects that drive innovation within the company and the insurance industry. New York Life Insurance Co is at the intersection of tradition and innovation, where we constantly strive to develop solutions that anticipate the needs of our clients.

Be Part of a Great Team

Our team at New York Life Insurance Co is our greatest asset. We thrive on collaboration and respect each other’s contributions, creating a supportive and inclusive workplace. Here, networking and mentorship go hand in hand with day-to-day operations, providing a robust support system for career advancement.

Future-Proof Your Career

With New York Life Insurance Co, your career is future-proofed with endless opportunities for advancement. Our comprehensive benefits package supports your life both inside and outside of work, while our leadership and diversity training prepare you to take on new challenges.

Join Our Team

Search for open positions that match your skills and interests. We are hiring creative, curious, and motivated individuals who are ready to drive their careers forward. Explore our job opportunities and find out how your talents can make a difference at New York Life Insurance Co.

Stay Connected

Keep up to date with the latest industry trends, career tips, and company news through our Careers Blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences, and discover the exciting and rewarding opportunities that await at New York Life Insurance Co.

Prepare for Your Interview

Ready to join us? Prepare your resume and sharpen your interview skills to become part of a company that values vision, leadership, and a commitment to excellence. At New York Life Insurance Co, we are not just offering a job; we are offering a pathway to success.

New York Life Insurance Co – A Place Where Careers Are Made

From fostering innovation to encouraging diversity, New York Life Insurance Co is where you can pursue your passions and grow your career. Join us and make a difference in the lives of our clients and communities every day.
Learn more about New York Life Insurance Co
Size
11,960 employees
Industry
Founded
1845

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