Associate, Accounting & Reporting

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • New York Life Insurance Company
  • 22 Nov 17 2017-11-22

Associate, Accounting & Reporting

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 Summary
Accounting position in Corporate Services. Responsible for administration of various credit card programs for the company, regulatory/compliance reporting, T&E reporting, reconciliation of various clearing accounts and reporting on expenditures by industry. This position oversees some functions that have been co-sourced with our Accenture partner.

Major Responsibilities
Responsible for administering Corporate Travel, Purchasing, Supplier and Discretionary Card programs. Post and reconcile monthly card transactions to SAP. Process daily limit increases for purchasing cardholders ensuring they are properly authorized and fall within procurement guidelines. Perform monthly review of Corporate travel card activity and monitor and communicate delinquent cardholder balances to cardholders to ensure delinquent accounts reconciled and paid timely. Careful monitoring and controlling of expense activity to be included in the Company's annual statement. Perform random audit review of travel expense reports processed by co-sourcing partner. Process adjusting journal entries and necessary reversals. Monitor reconciliation of invoice exceptions handled by co-sourcing partner in Ariba. Perform back up responsibilities for multiple functions in Accounts Payable.


  • Bachelor's Degree in Accounting
  • 0-2 years of relevant experience
  • Knowledge of SAP, Word, Excel
  • Strong interpersonal, written and oral communication skills
  • Ability to work independently
  • Ability to effectively communicate with various levels of management.

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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.