Senior Associate, Financial Planning & Analysis

  • Company: New York Life
  • Location: New York, New York
  • Posted: December 01, 2017
  • Reference ID: 61227-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.


Senior Associate, Insurance & Agency Group Financial Planning & Analysis


The Financial Planning & Analysis (“FP&A”) team for the Insurance & Agency Group (“I&AG”) is responsible for the coordination of management reporting of financial results, the multi-year financial planning process and the financial support for the strategic and tactical needs for insurance and annuity businesses within the group.

Major Responsibilities:

  • Support the reporting of quarterly financial results and the multi-year financial plan data, including the development of meaningful financial schedules/trends to illustrate/explain the financial story to senior management. .
  • Support all management reporting activities at I&AG consolidation level, work closely with business unit, Management Reporting, and Corporate partners to ensure timely and accurate collection and delivery of financial data
  • Perform financial analysis on all key financial metrics across all I&AG businesses (source of earnings, VNB, IRR, capital, etc)
  • Work with team members to provide support for strategic discussions on I&AG businesses through financial and management information analyses, and reports.
  • Answer to ad-hoc financial data request from business partners in a timely manner, and streamline data request flow by developing a central data repository for relevant financial information.
  • Develop understanding of the Annuity business and contribute to continual enhancement of analytical framework to support business decision making and measurement of strategic goals.
  • Develop understanding of expense structure and allocation over time, and perform trend analysis on expense components across businesses.



  • Strong sense of ownership and ability to perform assignments independently
  • Ability to multi-task with shifting priorities, with a strong sense of urgency under tight deadlines
  • Proficiency with Microsoft Office suite, especially with Excel, Word, and Powerpoint
  • Experience with SAP system, BW queries, Spotfire, or other Business Intelligence system preferred
  • Experience with insurance company financial reporting a plus
  • Ability to build relationships and collaborate within the team/across the organization





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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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