Senior Associate - Financial Controls Lead

New York Life Insurance Company; New York (NY); Hybrid; USD 95,000 - 135,000; Full time

Job summary

An established industry player in the insurance sector is seeking a dedicated professional to support the governance of their MAR/SOX Program. This hybrid role involves collaborating with various business units to ensure compliance and effective internal controls. You will engage in testing programs, assist in developing tools, and contribute to executive-level presentations. The ideal candidate will possess strong leadership skills, a background in financial reporting, and proficiency in essential software tools. Join a company that values diversity and offers a comprehensive benefits package, including leave programs and student loan assistance.

Benefits

Comprehensive benefits package

Leave programs

Adoption assistance

Student loan repayment programs

Qualifications

• 4+ years of experience in overseeing or testing internal controls.
• Basic knowledge of SOC1 reports and understanding of Insurance business.

Responsibilities

• Support development and maintenance of the MAR/SOX Program governance.
• Execute testing programs for business processes and IT controls.

Skills

Internal Controls

Financial Reporting

Communication Skills

Teamwork

Leadership

Adaptability

Education

Bachelor's Degree in Accounting

CPA or CIA

Tools

Microsoft Excel

Microsoft Word

Microsoft Access

Microsoft Visio

Microsoft PowerPoint

SharePoint

Job description

Location Designation:

Hybrid - 3 days per month

This role is a hybrid position in the NY Office.

Responsibilities include:

1. Support the ongoing development and maintenance of the NYL MAR/SOX Program governance, policies, standards, and procedures.
2. Assist the Financial Controls Unit (FCU) Manager in executing the day-to-day activities of the MAR/SOX program.
3. Execute testing programs for all business processes, IT general controls, application controls, end-user computing, and third-party service provider controls impacting financial reporting.
4. Support the FCU Manager with materiality and scoping of controls affecting financial reporting.
5. Work with process and control owners to develop remediation strategies for deficiencies in internal controls over financial reporting.
6. Evaluate system implementations and conversions to ensure key controls are designed and tested prior to go-live.
7. Assess the accuracy and completeness of source data used in control testing.
8. Collaborate with business units to ensure consistent application of MAR/SOX requirements.
9. Assist in developing tools supporting the MAR/SOX Program (e.g., SharePoint, Auditboard).
10. Contribute to executive-level presentations on internal control status.
11. Support the development and delivery of MAR/SOX training curriculum.
12. Coordinate with internal/external risk and control functions to improve governance, risk, and compliance integration.
13. Act as liaison with Corporate Audit, external auditors, and regulators regarding internal controls.
14. Engage proactively with various defense lines to promote awareness and oversight of internal controls.
15. Participate in risk and control committees or working groups as assigned.

Qualifications:

• Bachelor's Degree in Accounting, Finance or related field.
• At least 4 years of experience in roles overseeing or testing internal controls over financial reporting.
• Basic knowledge of SOC1 reports.
• Understanding of Insurance and Actuarial business preferred.
• Big Four experience required.
• CPA or CIA preferred.
• Leadership skills with experience managing staff or consultants.
• Excellent communication skills for interaction at all management levels.
• Team-oriented and adaptable to fast-paced environments.
• Proficient in Microsoft Excel, Word, Access, Visio, PowerPoint, and SharePoint.

Additional Details:

#LI-VL1
#LI-HYBRID

Pay Transparency

Salary Range: $95,000 - $135,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Base salary will be determined based on experience and qualifications. Employees are eligible for an annual discretionary bonus and may participate in incentive programs.

Our Benefits

We offer a comprehensive benefits package, including leave programs, adoption assistance, and student loan repayment programs. Click here to learn more or visit our NYL Benefits Site.

Our Diversity Promise

We value diversity, equity, and inclusion as core principles. Learn more about our leadership in this area.

Recognized as one of Fortune's World's Most Admired Companies, we are committed to community involvement through employee giving and volunteerism. To explore career opportunities, visit www.NewYorkLife.com.

Job Requisition ID: 91650