New York Life Insurance Company
Senior Associate - Derivative Accounting & Reporting
Be an Early Applicant
This role involves accounting and reporting for derivatives, ensuring compliance, and collaborating with partners for accurate reporting and efficiency improvements.
Location Designation: Hybrid - 3 days per week
This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.
Role Overview:
Senior Associate - Derivative Accounting & Reporting performs a variety of duties including accounting and reporting of the Derivatives for NYL ,NYLIAC and LINA General & Separate Accounts on a Statutory and management basis as well as NYLE on a GAAP basis. Familiarity with derivatives will be beneficial in the preparation and review of certain entries as well as the analytics that is performed in the area.
What You'll Do:
1. Provide monthly accounting and reporting of the derivative portfolio for the general account, separate account and NYLE in accordance with SSAP 86, ASC 815 and the Investment Accounting Policy.
2. Prepare and review investment committee schedules on a quarterly basis within tight deadlines.
3 Quarterly reporting deliverables including regulatory schedules, derivative program analysis, board reporting, and Controllers book.
4. Work with our co-sourcing partner to ensure the Schedule DB's are accurately reported and review reconciliations provided by the co-sourcing partner.
5. Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.
6. Assist derivative team with various projects geared towards improving the efficiency of our derivatives accounting system.
7. Provide variance analysis and other analytics for various business areas regarding the accounting for the various derivative programs.
What You'll Bring:
1. Bachelor's degree in Accounting
2. CPA a plus
3. Proficiency in Microsoft Office, with strong working knowledge of Excel
4. Knowledge of Derivatives preferably accounting for derivatives
5. Familiarity with A I tools (Copilot, ChatGPT) a plus.
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range: $100,000-$143,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities-inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life's leadership in this space.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 92901
This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.
Role Overview:
Senior Associate - Derivative Accounting & Reporting performs a variety of duties including accounting and reporting of the Derivatives for NYL ,NYLIAC and LINA General & Separate Accounts on a Statutory and management basis as well as NYLE on a GAAP basis. Familiarity with derivatives will be beneficial in the preparation and review of certain entries as well as the analytics that is performed in the area.
What You'll Do:
1. Provide monthly accounting and reporting of the derivative portfolio for the general account, separate account and NYLE in accordance with SSAP 86, ASC 815 and the Investment Accounting Policy.
2. Prepare and review investment committee schedules on a quarterly basis within tight deadlines.
3 Quarterly reporting deliverables including regulatory schedules, derivative program analysis, board reporting, and Controllers book.
4. Work with our co-sourcing partner to ensure the Schedule DB's are accurately reported and review reconciliations provided by the co-sourcing partner.
5. Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.
6. Assist derivative team with various projects geared towards improving the efficiency of our derivatives accounting system.
7. Provide variance analysis and other analytics for various business areas regarding the accounting for the various derivative programs.
What You'll Bring:
1. Bachelor's degree in Accounting
2. CPA a plus
3. Proficiency in Microsoft Office, with strong working knowledge of Excel
4. Knowledge of Derivatives preferably accounting for derivatives
5. Familiarity with A I tools (Copilot, ChatGPT) a plus.
#LI-VL1
#LI-HYBRID
Pay Transparency
Salary Range: $100,000-$143,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities-inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you'll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what's next, and your growth powers it.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life's leadership in this space.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Job Requisition ID: 92901
Top Skills
A I Tools
Chatgpt
Copilot
Excel
MS Office
Similar Jobs at New York Life Insurance Company
Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
As an AI Analyst, you will develop and deploy AI solutions, build data pipelines, collaborate cross-functionally, and contribute to transformational AI initiatives.
Top Skills:
AWSDatabricksDbtGenerative AiLlm ApisPythonSQL
Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
Develop and deploy AI and ML solutions for service operations, focusing on automating tasks and enhancing user experiences through collaboration and model lifecycle management.
Top Skills:
AWSBedrockDatabricksLlmPythonRagSagemakerSnowflakeSQLStreamlit
Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
The Data Scientist collaborates with leaders to develop predictive models, apply machine learning techniques, and provide insights for decision-making.
Top Skills:
AWSAzureC++ExcelHadoopHiveJavaScriptKafkaMapreduceMatlabPythonRSalesforceSASSpssSQLTableau
What you need to know about the Colorado Tech Scene
With a business-friendly climate and research universities like CU Boulder and Colorado State, Colorado has made a name for itself as a startup ecosystem. The state boasts a skilled workforce and high quality of life thanks to its affordable housing, vibrant cultural scene and unparalleled opportunities for outdoor recreation. Colorado is also home to the National Renewable Energy Laboratory, helping cement its status as a hub for renewable energy innovation.
Key Facts About Colorado Tech
- Number of Tech Workers: 260,000; 8.5% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Lockheed Martin, Century Link, Comcast, BAE Systems, Level 3
- Key Industries: Software, artificial intelligence, aerospace, e-commerce, fintech, healthtech
- Funding Landscape: $4.9 billion in VC funding in 2024 (Pitchbook)
- Notable Investors: Access Venture Partners, Ridgeline Ventures, Techstars, Blackhorn Ventures
- Research Centers and Universities: Colorado School of Mines, University of Colorado Boulder, University of Denver, Colorado State University, Mesa Laboratory, Space Science Institute, National Center for Atmospheric Research, National Renewable Energy Laboratory, Gottlieb Institute
