Associate, Policy Accounting (91901)

Location Designation:Hybrid - 3 days per week

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees agents policy owners and the communities where we live and work. Here you become a valued part of a welcoming inclusive and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified multi-dimensional business portfolio that goes beyond life insurance.

As a Fortune 100 company and industry leader we provide an environment where you can explore your career ambitions offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You willbe part ofan inclusive teamguided by our belief to always be there for each otherproviding the support and flexibilityto grow and reach new heights while making an impact in the lives of others.

You are our future and we commit to investing in you accordingly.

This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday Wednesday and Thursday.

Role Overview:

Responsible for collecting premiums recording marketing expenses and compensation to our Third Party Administrators and Policyholders for a block of GMADs business. Responsible for recording premiums commissions service fees and marketing expenses in GMADs internal systems for these groups. Responsible for monthly sales reporting. Works to streamline procedures and processes. Additional responsibilities include Sarbanes Oxley certification system testing and census update.

What Youll Do:

• Administers the billing and premium receipts for a block of medium to large sized GMAD accounts.
• Performs premium and compensation accounting functions including calculating compensation payable to Brokers.
• Verifies Third Party Administrators Internal and External Marketing Expenses.
• Monitors New Business sales for same block of business. Researches variances month over month and year over year.
• Prepares and updates spreadsheets used for Policyholder reporting and dividend calculations for that block of business.
• Provides financial information needed for Annual Statement and Quarterly projections.
• Works closely with Third Party Administrators to determine and resolve reporting issues related to premiums compensation and sales data.
• Participates in maintaining existing systems including the testing and implementation of system modifications.
• Uses advanced knowledge to improve and streamline processes.
• Participates in the annual Sarbanes Oxley certification and control testing process.
• Works with CVP to update and maintain procedural documentation.

What youll bring:

• Bachelors degree in accounting Math Economics
• Specific technical knowledge skills certifications or licenses required for this position Preferably experience in the insurance industry.
• Strong technical skills with Microsoft applications (Excel worksheets Word and Access Databases).
• Ability to handle multiple tasks and to work independently. Good oral and written skills.

Technical Expertise

• Requires expanded content knowledge in own discipline and broadened capabilities Requires strong technical skills with Microsoft products (Excel Word Access) and SharePoint.

Business Knowledge

• Has general understanding of NYLs businesses and uses this understanding to accomplish own work Uses New York Life best practices to complete job requirements timely and accurately meeting all deadlines. Committed to providing utmost customer service to our Third-Party Administrators and New York Life business areas.
• Leadership
• No supervisory responsibilities but provides informal guidance to new team members Expected to step up during critical times and provide ongoing guidance to lower-level staff members. Expected to initiate workflow and process improvements for the area. Committed to developing self.

Problem Solving

• Solves problems in straightforward situations; analyzes possible solutions using education and/or equivalent experience judgment and precedents Expected to use prior experience and expertise to handle situations that arise. Be proactive and identify solutions to problems. Use analytical skills and be able to think outside the box in order to determine problems and discrepancies in policy holding reporting.
• Decision Making/Nature of Impact
• Has some latitude to make decisions within guidelines and policies that impact the quality of own work and the work of others on the team Limited decision making. Expected to make minor decisions as related to case administration. Decisions for more complex problems should be researched and presented to CVP for resolution.
• Communication Skills
• Summarizes and explains information to others Communicates with various areas in GMAD Treasury and with our Third-Party Administrators by phone in-person and through correspondence.

This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday Wednesday and Thursday.

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Pay Transparency

Salary Range:$60000-$75000

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 individuals 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.

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 here to 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 Lifes leadership in this space.

Recognized as one of Fortunes Worlds Most Admired Companies New York Life is committed to improving local communities through a culture of employee giving and volunteerism supported by the 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 .

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:91901