Senior Associate, Finance Operations & Administration in White Plains, New York | DiversityInc Careers
 
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Senior Associate, Finance Operations & Administration

New York Life Insurance Company is the largest mutual life insurance company in the United States. Founded in 1845 and headquartered in New York City, New York Life reported 2017 operating earnings of $2.06 billion. Total assets under management at year end 2017, with affiliates, totaled $586 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 & Poor’s AA+ (Source: Individual independent rating agency commentary as of 8/1/17).

 

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.

 

 

Role Overview:

  • Responsible for the calculation, administration and payment of our monthly R&D and Specialty programs                      
  • Responsible for coordinating, testing and approving system changes as they relate to the implementation of new programs and/or streamlining existing efforts   
  • Monitor and develop recommendations for payout levels of R&D, Specialty and Discretionary Funding, including modeling various scenarios and stress testing 
  • Responsible for the calculation, administration and payment of our quarterly Life Success Bonus Program       
  • Assist in administering / building the annual budget estimate and forward year budget projections        
  • Assist in coordinating year end fyc adjustments for field management compensation

     

Qualifications:

  • Bachelor Degree
  • Minimum of 4+ years of relevant experience
  • Strong knowledge of MS Office applications, Company administrative/mainframe systems, and Field monitoring systems (Dashboard, etc.)
  • Strong analytical skills
  • Must have subject matter expertise on Agency model with comprehensive understanding of how recruiting and developments program works
  • Good understanding of Agency Field Operations

 

EOE M/F/D/V

 

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