Corporate Finance Tax Associate
New York , New York
October 29, 2016

New York Life Insurance Company (“New York Life” or “the company”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.


New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2015 operating earnings of $1.875 billion. Total assets under management at year end 2015, with affiliates, totaled $528 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 Third Party Ratings Report as of 8/11/15).


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.



This position primarily handles work assignments related to taxes withheld on behalf of employees, agents and clients for 15 NYL companies. It also includes some Federal tax work and state income tax filings.

Major responsibilities would include:

  • Making daily withheld tax payments and related filings to taxing authorities (IRS, state/local jurisdictions)
  • Filing quarterly unemployment tax returns and annual Tax Informational Reporting forms (W-2s, 1099s, 1042S) with IRS and other taxing jurisdictions
  • Handling correspondences and audit requests from taxing authorities
  • Coordinating IRS B-Notices, TIN penalty and FBAR filing
  • Reconciling general ledger accounts and withheld taxes to the tax informational forms monthly
  • State Income Tax filings for non-life subsidiaries
  • Federal Income Tax provision and tax returns for non-life subsidiaries


  • 2-4 years of experience in accounting or taxes
  • BS/BA in Accounting or Finance; Master's Degree desirable --MS or MBA but not required
  • Understanding of payroll taxes, tax compliance and the life insurance and asset management businesses would be a plus.
  • Ability to work as part of a team is essential, should be able to work collaboratively with co-workers
  • Display an attitude of continuous learning and personal development.
  • Has experience applying problem solving skills to a particular situation and can present resolution options to supervisor but knows when to reach out to manager for assistance.
  • Should be assertive and articulate in oral and written communications when interfacing with external contacts and internal business areas.
  • Intermediate Microsoft Office skills required (Excel, Word, Powerpoint).  Knowledge of Access or other databases or tax technologies tools is a plus.


General Profile: 

  • Requires knowledge and experience in own discipline; still acquiring higher-level knowledge and skills
  • Builds knowledge of NYL, processes and customers
  • Solves problems in straightforward situations
  • Analyzes possible solutions using experience, judgment and precedents
  • Receives a moderate level of guidance and direction

: Has general understanding of NYL’s businesses and uses this understanding to accomplish own work
assignments related to withheld, unemployment and state/local tax filings, account reconcilations, balancing tax ledgers and other tax projects determined by management.
: Solves problems in straightforward situations; analyzes possible solutions using education and/or equivalent experience, judgment and precedents. Frequently questions the way things are done today and looks for ways to simplify or automate current work.
: Has some latitude to make decisions within guidelines and policies that impact the quality



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*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015.  See  for methodology.

1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.

2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.

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