What are the responsibilities and job description for the Financial Accounting, Senior Associate position at TalentAlly?
Location Designation:Hybrid - 3 days per week
As part of New York Life's Group Membership Association Division, you'll be working with the nation's No. 1 provider of life and disability income insurance solutions for association/affinity programs. Beyond the tailored life and disability income insurance solutions you provide, your work fosters a sense of community and shared support within affinity groups.
Role Overview
In this role, you will be responsible for preparing and managing complex financial models and reports that support New York Life's Annual Statement and quarterly/year-end financial processes. You will ensure accurate recording of transactions on the ledger, oversee sales reporting and analysis, and manage cash flow reporting critical for treasury forecasting. Additionally, you will handle claims accounting issues and approvals, providing essential data to internal departments and external stakeholders. Your work will directly impact financial accuracy, regulatory compliance, and senior management decision-making through timely and detailed reporting.
What You'll Do
Salary Range:$70,000-$85,000
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 theFoundation.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.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 92685
PDN-a015c035-41c1-4827-ac64-983df2d12d30
As part of New York Life's Group Membership Association Division, you'll be working with the nation's No. 1 provider of life and disability income insurance solutions for association/affinity programs. Beyond the tailored life and disability income insurance solutions you provide, your work fosters a sense of community and shared support within affinity groups.
Role Overview
In this role, you will be responsible for preparing and managing complex financial models and reports that support New York Life's Annual Statement and quarterly/year-end financial processes. You will ensure accurate recording of transactions on the ledger, oversee sales reporting and analysis, and manage cash flow reporting critical for treasury forecasting. Additionally, you will handle claims accounting issues and approvals, providing essential data to internal departments and external stakeholders. Your work will directly impact financial accuracy, regulatory compliance, and senior management decision-making through timely and detailed reporting.
What You'll Do
- Prepare Annual Statement Exhibits and Notes in compliance with corporate standards for inclusion in the New York Life Annual Statement.
- Develop and maintain complex financial models related to sales, revenue, value of new business, and capital usage.
- Oversee sales reporting for Group Membership Association, including analysis, trending, and reporting to LIMRA.
- Manage monthly cash flow reports to support treasury forecasting and asset purchase/sale decisions.
- Resolve claims accounting issues and approve daily claims releases from Third Party Administrators and Life and Claims Units.
- Strong experience in financial reporting and preparation of regulatory statements.
- Proficiency in building and managing complex financial models.
- Analytical skills to perform sales trending and reporting for internal and external stakeholders.
- Knowledge of claims accounting processes and general ledger transaction recording.
- Ability to prepare detailed schedules and supporting documentation for quarter-end and year-end close.
- Effective communication skills to collaborate with tax, controllers, treasury, and senior management teams.
- Experience working with LIMRA reporting standards and requirements.
- Familiarity with treasury forecasting and cash flow management.
- Background in insurance or financial services industry accounting.
- Advanced Excel and financial software proficiency.
Salary Range:$70,000-$85,000
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 theFoundation.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.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 92685
PDN-a015c035-41c1-4827-ac64-983df2d12d30
Salary : $70,000 - $85,000
