Posted: Friday, January 5, 2018 3:39 PM
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 and 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.
The Senior Associate position in the Fund Administration and Accounting Department assists in the accurate completion of accounting and administration functions for the mutual fund family sponsored by a premier U.S. Life Insurance Company. The fund family currently consists of 82 mutual funds supporting both the retail and variable annuity sales channels. The Senior Associate works in a team environment and assists the department in the oversight of an external service provider.
Responsibilities include but are not limited to:
:Detailed review of financial statements of the mutual funds prepared by an external service provider including NQ Reports and Form NSAR filings;
:Assist in the preparation of the valuation materials for the board of directors meetings;
:Analytical review of monthly, quarterly and annual income and capital gain distributions;
:Work with the legal department regarding the completion of the annual mutual fund registration statements on Form N:1A;
:Review of fund expense budgets and asset based fee calculations;
:Oversight and management of external accounting agent and administrator of the mutual funds;
:Review of daily Net Asset Value calculations performed by external service provider against broader market fluctuations and other key areas of daily fund operations to ensure accuracy and compliance with procedures;
:Indentify and implement opportunities to amend processes and procedures to improve operational efficiencies and quality services in the department;
:Support product development initiatives including new fund launches, fund adoptions, mergers or fund closures;
:Review of accounting related issues included in new fund set up, monitoring of key indicators and taking appropriate action to resolve;
:Interact with the external auditors for support in completing the annual audits of the mutual funds;
:Representing the department with key stakeholders including communicating with the Funds investment advisors and operations teams;
:Maintain files that are organized and efficient to retrieve.
:Bachelor of Science or Business Administration degree in accounting or finance is needed.
:A minimum of 7:10 years of mutual fund accounting or administration experience is needed.
:The individual should possess excellent verbal and written communication skills, excellent organizational abilities and should be detail oriented.
:The candidate should possess strong analytical and technical accounting skills and be able to work independently.
:Mutual Fund tax experience is a plus.
:Knowledge of Microsoft Office products is required.
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• Location: New Jersey
• Post ID: 153409982 nynj