Senior Associate - Financial Accounting & Reporting

Financeroles; New York (NY); Hybrid; USD 80,000 - 105,000; Full time

Job summary

New York Life in New York is seeking a Senior Associate (PF3) for Separate Accounts (FP&A) to join a hybrid team. You will review reconciliations, journal entries, trend analyses, and support statutory statements for NYLIAC and Separate Accounts, ensuring accuracy and regulatory alignment.

You will leverage advanced analytics, automate reporting where possible, and coordinate with offshore staff to drive efficiency, controls, and insightful financial reporting for management decisions.

Qualifications

• Bachelor’s degree in accounting/finance or related field.
• Knowledge of life insurance industry accounting and statutory principles is a plus.
• Understanding of controls, SOX/MARS, and reporting processes.

Responsibilities

• Review reconciliations, journal entries, and trend analyses for Separate Accounts.
• Analyze monthly/quarterly investment and insurance activity for variances.
• Assist in annual Separate Account Statutory statements and filings.
• Review statutory disclosures and footnotes with supporting analysis.
• Provide value-added analysis for financial reporting and management decisions.
• Participate in process improvements, automation, and reporting enhancements.
• Review offshore work and provide feedback for accuracy and consistency.

Skills

Analytical skills

Excel proficiency

Financial reporting

SOX/MARS knowledge

Communication skills

Process improvement

Automation/AI tools

Interpersonal skills

Multitasking

Education

Bachelor's degree in Accounting/Finance

Tools

Wings

SAP

Analysis for Office

Job description

Location Designation:Hybrid - 3 days per week

This position is a hybrid role - Tuesday - Thursday in the NY Office, Monday & Friday work from home.

Senior Associate (PF3) - Separate Accounts (FP&A)

What You’ll Do:

• Review monthly and quarterly account reconciliations, journal entries, and trend analysis for investment and insurance activities related to the NYLIAC and NYL Separate Accounts, with a focus on accuracy, reasonableness, and key business drivers.


• Perform analytical review of monthly and quarterly investment and insurance activity, identifying trends, variances, and items requiring follow-up.


• Support the preparation and review of the annual Separate Account Statutory statements and other regulatory filings.


• Review Statutory accounting disclosures and footnotes, including supporting analysis and documentation.


• Review monthly and quarterly internal management reports and provide value-add analysis to support financial reporting and management decision-making.


• Participate in special projects and ad hoc requests, including process improvement, automation, reporting enhancements, and other value-add initiatives.


• Review work completed by offshore accounting staff and provide timely feedback to support accuracy, consistency, development, and continued process improvement.

What You’ll Bring:

• Bachelor’s degree in Accounting, Finance, or a related field with 3-5+ years of experience in investment accounting, financial reporting, accounting operations, or related finance functions.


• Knowledge of life insurance industry accounting, Statutory accounting principles, and/or insurance Separate Accounts is a plus.


• Understanding of financial controls, SOX/MARS requirements, and best practice review processes.


• Strong analytical skills with the ability to interpret financial results, identify trends and variances, and communicate key business drivers and insights.


• Proficiency in Microsoft 365 applications, including Excel, Word, and PowerPoint.


• Experience leveraging technology, automation, and AI-enabled tools to improve efficiency, enhance analysis, strengthen documentation, and support decision-making.


• Demonstrated ability to identify opportunities to streamline processes, reduce manual effort, improve controls, and enhance reporting effectiveness.


• Self-motivated professional with strong interpersonal skills, sound judgment, professionalism, and integrity.


• Adaptable, curious, and open to learning new tools, technologies, processes, and ways of working.


• Excellent organizational, multitasking, and prioritization skills.


• Knowledge of Analysis for Office, Wings, SAP, or similar financial reporting and accounting systems is a plus.

Pay Transparency

Salary Range:$80,000-$105,000

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.

Company Overview

At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.

Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.

As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.

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 here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities.

Click here to learn more about New York Life’s leadership in this space.

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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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