Investment Systems Associate
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.
Investment Systems Administrator - Associate Assist in the administration and support of various investment systems (CAMRA, Investran and IDW).
Assist in the day to day maintenance of investment system reference tables (i.
e.
, portfolios, security types, etc.
).
Run monthly exception reports, research exceptions, recommend corrective action and follow-up on the correction of investment data.
Monitor inquiries submitted by accounting teams regarding investment data, investment transactions and access/technological problems.
Assist in investigation of reconciliation discrepancies.
Follow-up with requestors and inform management of status.
Escalate issues found to management/vendor.
Test vendor releases of Regulatory programs and new versions of CAMRA, Investran and D&D software.
Create Ad-Hoc reports, and assist accounting teams in maintenance of existing reports.
Assist in monthly update of NAIC statutory ratings and prices.
Assist in monthly upload of cash flow projections into CAMRA.
Review results of upload in a test environment.
Assist management in the research of unexpected/unusual results.
Required Qualifications:
B.
S.
in Accounting/Finance or equivalent experience Experience in Excel, Word, Access, and SQL or Crystal report writer
Qualifications:
1-3 years of experience in CAMRA, Investran a plus Strong analytical skills Strong interpersonal and written communication skills SF:
LI-DI1 SF:
EF-DI1 EOE M/F/D/V If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at:
576-5811.
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.
Investment Systems Associate.
Estimated Salary: $20 to $28 per hour based on qualifications.
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.
Investment Systems Administrator - Associate Assist in the administration and support of various investment systems (CAMRA, Investran and IDW).
Assist in the day to day maintenance of investment system reference tables (i.
e.
, portfolios, security types, etc.
).
Run monthly exception reports, research exceptions, recommend corrective action and follow-up on the correction of investment data.
Monitor inquiries submitted by accounting teams regarding investment data, investment transactions and access/technological problems.
Assist in investigation of reconciliation discrepancies.
Follow-up with requestors and inform management of status.
Escalate issues found to management/vendor.
Test vendor releases of Regulatory programs and new versions of CAMRA, Investran and D&D software.
Create Ad-Hoc reports, and assist accounting teams in maintenance of existing reports.
Assist in monthly update of NAIC statutory ratings and prices.
Assist in monthly upload of cash flow projections into CAMRA.
Review results of upload in a test environment.
Assist management in the research of unexpected/unusual results.
Required Qualifications:
B.
S.
in Accounting/Finance or equivalent experience Experience in Excel, Word, Access, and SQL or Crystal report writer
Qualifications:
1-3 years of experience in CAMRA, Investran a plus Strong analytical skills Strong interpersonal and written communication skills SF:
LI-DI1 SF:
EF-DI1 EOE M/F/D/V If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at:
576-5811.
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.
Investment Systems Associate.
Estimated Salary: $20 to $28 per hour based on qualifications.
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