Senior Associate, Investment Accounting & Analysis in Jersey City, New Jersey | DiversityInc Careers
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Senior Associate, Investment Accounting & Analysis

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.



Position Overview

The Senior Associate – Investment Accounting & Analysis is responsible for leadership and management within the Investment Accounting area, including our co-sourcing team. Performs a variety of duties including accounting and reporting of the Investments within NY Life’s investment portfolios on a GAAP and Statutory accounting basis, other than temporary impairment processing and reporting, month end securities pricing and reconciliation work, and understanding and implementing investment accounting policy. In this capacity, the role insures that all relevant reporting is accurate and compliant with internal and external accounting policies and standards/regulations. The role also provides financial analysis that explains and supports the reported results.


Key Responsibilities

  • Work with Asset managers to determine and record Other Than Temporary Impairments on Fixed Maturities and Equities.  Insure all results are properly recorded and reported on a timely basis.  This includes Senior Management Reporting, Investment Committee reporting, Statutory and GAAP financial statement reporting, and GAAP notes/disclosures. 
  • Manage and review the pricing function to insure all fixed income and equity securities are appropriately priced.  This includes working with NYL Investors, Securities Operations, and pricing vendors to understand and document pricing methodologies. 
  • Complete/review GAAP notes and disclosures for fixed income and equity securities.  This includes working with the Accounting Policy team to insure new pronouncements are properly documented.
  • Interact with Internal Audit and PWC to insure compliance to investment accounting policies. 
  • Review GAAP market value entries and coordinate with shared services on all variance analysis. 
  • Insure SOX compliance, including developing and testing controls and procedures.  
  • Coordinate and review the impact of system upgrades (SAP / CAMRA).  Seek ways to continuously improve processes through innovation and process change.   
  • Implement and maintain Investment Accounting Policy in accordance with GAAP and Statutory standards/regulations. Involved in decisions and communication regarding new accounting pronouncements and implementation impact on both General Ledger and Investment Accounting Systems. Opportunity to interact with senior management and work on special projects.



  • Bachelor’s degree in Accounting or Finance
  • CPA (P) or MBA (P) SAP knowledge (P)
  • Proficiency in Microsoft Office, with strong working knowledge of Excel
  • Strong verbal and written communication skills







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