Reconciliation & Reporting Specialist
Location:
Jersey City , New Jersey
Posted:
October 23, 2017
Reference:
55626-en_US

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.

 

 

  • Reconciliation and reporting of results related to Clearing and Separate Accounts
  • Monthly Expense Reporting
  • Daily reporting of Guaranteed Products cash flows
  • Monthly Tax Reporting and analysis
  • Proficient in all daily team processes and become part of the rotation of daily work
  • Review and update team procedures

     

  • Bachelor’s Degree; math aptitude a plus
  • Intermediate proficiency in Excel
  • Excellent time management, organizational and multi-tasking skills required to effectively manage a diverse work-load.
  • Detail oriented with the ability to analyze data and able to complete work with a high level of accuracy
  • Strong written and verbal inter-personal skills, effectively communicating with various internal customers and teams at different levels.
  • Ability to work independently while remaining flexible to meet team goals

 

SF:LI-AT1

SF:EF-AT1

EOE M/F/D/V

 

If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) 576-5811.

 

*Based on revenue as reported by “Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 17, 2016.  See http://fortune.com/fortune500/  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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