Corporate Vice President, Finance Applications Lead in Dallas, TX

  • Competitive
  • Dallas, TX, USA
  • Permanent, Full time
  • New York Life Insurance Company
  • 16 Dec 17 2017-12-16

Corporate Vice President, Finance Applications Lead in Dallas, TX

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.

Company: New York Life Insurance Company

Position: Corporate Vice President, Finance Applications Lead in Dallas, TX.

Duties: Manage daily operations and the team responsible for functional delivery of SAP applications; manage the Application Maintenance Services partner team to support business change requests. Gather and analyze data and reports that pertain to the overall operation of the Finance Applications team. Assist in developing strategic and tactical operational plans to ensure achievement of company and departmental goals. Develop and implement solutions to resolve business problems and ensure functional satisfaction. Configure and maintain the company's SAP Financial modules, including the General Ledger, SFIN with upgrade knowledge to SFIN higher versions, Accounts Payable, and other integrated components of various Finance modules. Work with business partners to define financial requirements for SAP applications. Monitor system functionality and manage daily operations for functional delivery. Create and implement project plans. Develop business requirements, project deliverables, cost and benefit requirements, specifications, business architectural models, and use-case scenario specifications. Conduct formal reviews with business sponsors at project completion to confirm acceptance.

Requirements: Bachelor's degree in information systems, business administration, finance or related field (willing to accept foreign education equivalent) plus 7 years of experience performing SAP Finance configuration and integration or, alternatively, no degree and nine years of experience as stated above. One year of experience must include: Performing finance and auditing analysis to ensure compliance with accounting and reporting rules; Architecting Solutions in SAP landscape using Enterprise Central Component with emphasis on simple finance and integration with SAP Business Planning and Consolidation, Bank analyzer/Insurance analyzer applications and other SAP modules; Utilizing SAP Solution Manager to manage the entire lifecycle for SAP implementation projects; Utilizing SAP TAO to automate test cases within an SAP environment; Interfacing with finance and business managers to gather and analyze requirements, and with IT architects and developers to develop technology solutions; Reporting project status to business leaders; and Analyzing and prioritizing projects based on business needs and capacity of technology team.

EOE M/F/D/V

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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 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.