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Senior Associate, Finance Operations
NYLIFE Securities, Inc.
White Plains, NY, United States
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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.
Role Overview:
• Prepare and distribute monthly recruiting, retention, and manpower reports.
• Research and gather data to support the team in various ad hoc analysis and reports requested by Agency Management as well as for other internal and external business customers.
• Assist in the maintenance of our integrated CI systems and reports that track Agency performance.
• Analyze complex performance data to find and detect logical patterns in volume of information.
• Support Target Market teams' reporting needs, including calculating production and retention and updating Cultural Market pool.
• Contribute to the annual planning process, including seasonalization of recruiting and retention goals.
• Act as a resource for Agency management.
SF:LI-LB1
Qualifications:
• Bachelor Degree
• Minimum of 4+ years relevant experience
• Strong organizational and time management skills
• Strong attention to detail skills
• Familiarity with Company structure
• Strong technical skills (MS Access, Spotfire)
• Strong Math and analytical skills
• Strong understanding of Agency's operations and functionality
EOE M/F/D/V
*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.