Corporate Vice President/Functional Finance Specialist (Dallas, Texas)
Dallas , Texas
December 11, 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 2016 operating earnings of $1.954 billion. Total assets under management at year end 2016, with affiliates, totaled $538 billion.  As of year-end 2016, New York Life’s surplus was $23.336 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 8/17/16).


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:  Corporate Vice President/Functional Finance Specialist (Dallas, Texas)


Duties: Lead development and deployment of SAP Insurance Analyzer a financial sub ledger financial transformation project. Work with cross-functional teams by planning, organizing, designing, configuring, testing and deploying SAP Insurance Analyzer to provide unified view of pre- and post-accounting data for Corporate Finance. Configure and maintain the company's financial modules, including new General Ledger, SFIN versions 1.0 and 2.0, Accounts Payable and other integrated components of the finance modules.  Work with business partners to define financial requirements for SAP applications.  Gather and analyze data and reports that pertain to the overall operation of the business unit.  Assist with the development of strategic and tactical operational plans.  Analyze problem situations, develop solutions, implement actions to resolve problems, and ensure functional satisfaction.  Review processes and procedures to streamline activities to enhance service turnaround time, productivity, and quality.  Determine the scope of the financial applications system by consulting with financial executives and other management to ascertain organizational needs for finance-related information. Facilitate the implementation and support of SAP functionality and information system performance.  Perform cross module integration utilizing SAP IA, SAP BW and SAP ECC systems.  Utilize SAP methodologies, including SAP ABAP, SDLC and SAP EVD, Agile processes to track project development. Participate in business strategic planning and decision-making.  Direct functional research and innovation across integrated teams, including business and technology resources.  Provide design recommendations for integrated solutions, including development approach, solution integration, and platform utilization.


Requirements: Master's degree (or higher) in Computer Science, Engineering,  Information Systems, or Information Technology or related field (willing to accept foreign education equivalent) plus three (3) years of experience performing SAP Finance design and deployment or, alternatively, a Bachelor's degree and six (6) years of experience as noted above.


Specific skills/other requirements: One (1) year of experience must include:


(1) Performing analysis, design, development, deployment and maintenance of SAP Functional Modules including SAP FI, SAP FSCD, SAP IA-Source Data Layer, IA-Result Data Layer, IA General Ledger Analytics and IA-Process & Methods Layer;


(2) Designing and configuring SAP IA components of Financial Transactions (FTs), Business Transactions (BTs), Post External Business Transactions (PEBT), Update Secondary Business Transactions (USBT)s for Insurance Financial Transactions;


(3) Configuring SAP Data Load Layer from external systems/sources into SDL and RDL layers in Insurance Analyzer;


(4) Planning, organizing and performing SAP configuration and deployment, and leading testing efforts and system training;


(5) Developing various RICEF objects for SAP Financial Transformation Projects including importing accounting data into SAP IA;


(6) Utilizing SAP Finance by configuring Business Partners, Insurance Policies and Insurance Contracts for business transactions;


(7) Analyzing SAP requirements and translating functional specifications into SAP IA technical specifications;


(8) Utilizing testing tools including HPQC - Mercury Quality Center, Win Runner, IBM Clear Quest, and Remedy; and


(9) Analyzing regulatory requirements including Statutory Accounting and GAAP.


Submit resume online and reference the job code.






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*Based on revenue as reported by “Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 17, 2016.  See  for methodology.

**Total surplus, which includes the Asset Valuation Reserve, is one of the key indicators of the company’s long-term financial strength and stability and is presented on a consolidated basis of the company.


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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