Location Designation: Remote

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

Location: This is a work-at-home/remote position within a commutable distance (approximately 50 miles) of the designated office location: New York, New York, Cleveland, Ohio, or Dallas, Texas Service Centers.

We are seeking a Senior Specialist in the Policy Accounting team within Specialty Services at New York Life. The Senior Specialist is responsible for supporting the Service Organization by researching and resolving both policy related and financial transactions so that company records are in compliance. The Senior Specialist will handle reviewing root cause analysis on out of balance conditions in the General Ledger accounts that impact both policy and financial records while maintaining strong quality measures and controls to mitigate risk. The Senior Specialist will also be expected to drive process improvements by collaborating with various business areas within the New York Life organization. Basic product knowledge and a high-level understanding of the downstream impacts of the administrative systems are required. The Senior Specialist will also play a key role in projects and initiatives within the area.

Responsibilities:

• Research and resolve accounting out of balance items for premiums received, free looks, loans, dividends, surrenders, 1035 exchanges, annuity benefits payout and death claims, etc for both the Agency and Third-Party Distribution channel.
• Process system adjustment entries and/or manual journal entries in SAP to support the reclassification of the assets and liabilities.
• Daily review and transfer of FINRA new premiums from the General Account to the Investment Account upon passing suitability and issuance of policy.
• Prepare the monthly FINRA reconciliations between the bank statements and the ledger account balances to support FINRA Regulatory Compliance standard.
• Assist in root cause and trending analysis to identify innovative solutions, increase efficiency, and improve the quality controls
• Develop, document, and modify desktop procedures as needed to maintain the Policy Accounting Knowledge Management SharePoint site accurately
• Assist with generating management reports as appropriate with guidance from management
• Participate in special projects as assigned by management, such as a new product, system enhancement, remediation efforts, department initiatives, quarterly and year end processes

Qualifications:

• Bachelor’s degree preferred; High School Diploma or GED Required
• 1+ years' experience in a Data and Research focused role preferred
• Demonstrated critical thinking and creative problem-solving skills
• Effective written and oral communication skills. Ability to present thoughts and ideas to various audiences
• Strong organizational skills and work with sense of urgency
• Agile to learn new skills and manage change efficiently
• Proficiency in MS suite is required, specifically with Excel

Salary range: $45,000-$70,000

Overtime eligible: Nonexempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

Please note: This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 88972