Location Designation: [[cust_rolelocationdesignation]]
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 will be part of an inclusive team guided by our belief to always be there for each other-providing the support and flexibility to 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 GMAD's business. Responsible for recording premiums, commissions, service fees and marketing expenses in GMAD's 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 You'll 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 you'll bring:
Bachelor's 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 NYL's 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: [[cust_salaryRangePosting]]
Overtime eligible: [[customString6]]
Discretionary bonus eligible: [[cust_merit]]
Sales bonus eligible: [[stockPackage]]
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.
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 ourNYL Benefits Site (https://nylbenefits.com/) .
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 (https://www.newyorklife.com/newsroom/featured-awards) 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 (http://www.newyorklife.com/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 theCareers (https://www.newyorklife.com/about/careers/) page of www.NewYorkLife.com .
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Visit ourLinkedIn (https://www.linkedin.com/company/newyorklife/mycompany/) to see how our employees and agents are leading the industry and impacting communities.
Visit ourNewsroom (https://www.newyorklife.com/newsroom) to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
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