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Associate, Finance Operations

Company: Company Confidential
Location: White Plains
Posted on: July 10, 2018

Job Description:

New York Life Insurance Company is the largest mutual life insurance company in the United States. Founded in 1845 and headquartered in New York City, New York Life reported 2017 operating earnings of $2.06 billion. Total assets under management at year end 2017, with affiliates, totaled $586 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 independent rating agency commentary as of 8/1/17). 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: Member of the Agent Accounting and Tax Team's within the Agency Department. This team is responsible for the agent ledger and tax withholding accounts which includes over 18 million transactions for approximately $12 billion processing on an annual basis as well as the income tax reporting for all our agents. This includes, W-2, 1099-MISC and 1099-R tax reporting. This position is responsible for monitoring and analyzing the agent ledger and tax withholding accounts on a daily and monthly basis. In addition, this position will help with the efforts to test and plan for the annual tax reporting coordination project. Major responsibilities include: Monitor agent ledger and tax withholding accounts for differences. Research differences, seek guidance on the appropriate actions necessary for correction, and take necessary corrective action. Be alert for trends. Assist with the agent wage and tax reporting process by assembling an appropriate in-depth test plan and reviewing wage and tax reports. Attend interdeparmental tax form coordination meetings to gain an understanding of the process. Participate in the year-end production of tax forms. Research and sensitively respond to agent inquires regarding income and tax withholding in a timely fashion. Document their understanding of processes, update current procedures and seek process improvements. Participate in all other tax related projects determined by management. Qualifications Bachelor degree (Business, Finance, Economic, Mathematics) preferred 2 years of exp Proficient in MS Word, PowerPoint, Excel and Access Strong analytic and organizational skills 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: (212) 576-5811. Associate, Finance Operations

Keywords: Company Confidential, White Plains, Associate, Finance Operations, Accounting, Auditing, White Plains, New York

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