Corporate Vice President, Financial Reporting & SOX Controls
New York , New York
February 27, 2017

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.


The Insurance & Agency Group (I&AG) Controllers team focuses on ensuring sound financial reporting of I&AG results, which consist of the following business units: Individual Life (Agency Distribution), Long Term Care, Direct (Marketed) Insurance, Group Membership Association Division, and Seguros Monterrey (Mexican subsidiary).  Our main responsibilities include general accounting and reporting, consistency of accounting treatment among business units, understanding our products and supporting business needs, including numerous strategic initiatives in motion and M&A opportunities, and an emphasis on streamlined processes and robust internal controls.


Role Overview:

  • Oversight of internal financial reporting and analysis for the John Hancock reinsurance agreements on both STAT and GAAP basis
  • Oversight of Insurance & Agency Group ( l&AG's) internal control program compliance with NYL's organizational standards, governance and practices implemented under Sarbanes-Oxley and the Model Audit Rule
  • Subject matter expert within Insurance and Agency Group Finance on STAT and GAAP technical accounting. Support the Corporate Accounting Policy group, as needed, with technical accounting  research on l&AG matters



  • Support the Corporate Accounting  Policy group, as needed, on technical accounting research for l&AG matters (i.e. new accounting standards and regulatory reporting requirements, new products, etc)
  • Maintain a strong grasp of emerging accounting issues to anticipate and provide solutions to complex finance, accounting, and regulatory issues
  • Promote consistency  in accounting policies across l&AG business units
  • Oversee the l&AG Practical Expedients inventory and compliance with annual assessment requirements
  • Manage day to day activities to monitor, document and assess compliance with the Company's internal control program in compliance with Sarbanes-Oxley and the Model Audit Rule
  • Lead the team to achieve higher levels of competency, effectiveness and internal process improvement. Provide ongoing development and coaching of staff, developing both their technical expertise and behavioral competence
  • Manage relationships with Internal Audit, external auditor and State regulators for internal control  issues
  • Identify internal control issues and document the Company's position
  • Through coordination with Co-Sourcing Finance resources, drive the delivery of standardized and automated financial reports that leverage available technology
  • Provide leadership, insight, and guidance to the company's Finance Transformation process.
  • Identify opportunities for business process improvements, working with key stakeholders to implement improvements as needed
  • Oversee quarterly and annual internal financial reporting of the John Hancock reinsurance agreements,  including monthly cash settlements
  • Production of the Direct and LTC business unit quarterly Controller's Book financial statements.  The Controller's Book is a compilation of individual l&AG financial statements, consolidated l&AG financial statements and key trends.
  • Key l&AG Finance liaison with external auditors (PWC)
  • Supervision of  2 to 3 staff; assist with staff development
  • Support future M&A opportunities, including initial analysis, confirmatory due diligence, closing balance sheet reviews of acquisitions, and integration and transition of acquired business into SAP reporting



  • CPA required
  • 4 year college degree in Accounting or Finance.
  • Minimum 10 years of financial reporting experience in insurance or reinsurance and 2 or more years in public accounting.
  • MBA or other industry credentials a plus.
  • Maintains current knowledge of industry and business process trends and is able to apply that knowledge to existing business processes with a focus towards process improvement
  • Experience with Sarbanes-Oxley and Model Audit Rule compliance requirements
  • Interaction with Independent Auditors on control issues and potentially State Insurance Department  regulators
  • A sound knowledge of insurance is required and will be utilized to formulate appropriate questions and commentary on financial results and confidently engage in discussion of both operational and financial performance
  • Articulate with excellent verbal and written communication skills
  • Understanding of SAP & GAAP accounting and compliance processes for insurance and non­ insurance companies
  • Focus on control structure across organization to mitigate risks
  • Strong computer skills; require a working knowledge of SAP G/L (or equivalent) , Microsoft Excel, Word and Powerpoint








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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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