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Senior Accountant, GBS Reinsurance
Senior Accountant, GBS Reinsurance-March 2024
Philadelphia
Mar 31, 2026
About Senior Accountant, GBS Reinsurance

  Location Designation: [[cust_rolelocationdesignation]]

  When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

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

  GBS Reinsurance - Senior Accountant

  Role Summary :

  Partner with the GBS Accounting, Reserving and Claims teams to determine ceded and assumed activity related to the various internal and external reinsurance agreements. Assist with the completion and review of schedules, exhibits and disclosures included in Statutory and Audited financial statements. Interface with the Corporate Financial Control Unit and external auditors to enable efficient testing and help ensure controls are operating as intended for reinsurance activity. This position will need to gain a working knowledge of the relevant products, business processes and agreement terms in order to accurately report and administer.

  Prepare the quarterly reporting and settlement of assumed and ceded activity with brokers and reinsurance partners, including ceded claim support. Help ensure that trust and letter of credit balances are appropriate and maintain evidence. Responsible for the administration of internal reinsurance agreements.

  Responsibilities :

  Calculate and record monthly assumed and ceded activity

  External reinsurance exhibits and disclosures

  Reinsurance controls and audit support

  Reporting to reinsurance broker and partners

  Settlement of ceded and assumed activity

  Maintenance and reporting of trust and letter of credit balances

  Qualifications :

  Bachelor's degree preferred

  Strong and independent contributor

  Strong knowledge of accounting systems and concepts

  Strong written and verbal communication skills

  Strong presentation skills, and ability to communicate effectively with all levels

  Builds strong matrix partner relationships

  Ability to identify, document and continually improve processes, workflows and tools/technology

  Ability to quickly learn and adapt to fast paced and ever changing marketplace

  Accounting or Finance bachelor’s degree and/or 5+ years related experience required

  #LI-KV1

  #LI-HYBRID

  #LI-MC1

  Salary range: [[cust_salaryRangePosting]]

  Overtime eligible: [[customString6]]

  Discretionary bonus eligible: [[cust_merit]]

  Sales bonus eligible: [[stockPackage]]

  Click here to learn more about ourbenefits (https://www.newyorklife.com/careers/corporate/benefits) . Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

  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 (https://www.newyorklife.com/foundation) . We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visitLinkedIn (https://www.linkedin.com/company/newyorklife/) , ourNewsroom (https://www.newyorklife.com/newsroom/) and theCareers (https://www.newyorklife.com/about/careers/) page of www.NewYorkLife.com .

  Job Requisition ID: [[id]]

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