Senior Associate - Financial Controls Lead Job New York New York USA,Finance & Banking

Location: New York

Location Designation: Hybrid - 3 days per month

This role is a hybrid position. Once a month in the NY Office.

Ensure organizational standards, governance and practices for the company’s internal control over financial reporting complies with the NAIC Model Audit Rule (MAR) and Sarbanes-Oxley Act (SOX).

Responsibilities include:

Support the on-going development and maintenance of the NYL MAR/SOX Program governance, policies, standards and procedures.

Support the Financial Controls Unit (FCU) Manager to execute the day-to-day activities of the MAR/SOX program.

Responsible for the execution of the testing program for all business process, IT general controls, application controls, end user computing, and third-party service provider controls that impact financial reporting.

Support the FCU Manager with materiality and scoping of all business process and IT general controls that impact financial reporting.

Work with process and control owners to develop remediation strategies to address deficiencies in internal control over financial reporting.

Responsible for the evaluation of system implementation and conversions impact on internal control over financial reporting to determine key controls have been designed and subjected to implementation (user acceptance) testing prior to go-live.

Responsible for the evaluation for testing source data (e.g., extract files, control reports, etc.) used in the execution of controls to ensure completeness and accuracy.

Collaborate with business units to assess consistency of the application of MAR/SOX Program requirements.

Assist with developing and contributing to the tools that support the MAR/SOX Program (SharePoint, Auditboard, etc.).

Assist with the development and compilation of executive level presentations on the state of internal control over financial reporting for the MAR/SOX Program.

Support the development, maintenance and delivery of MAR/SOX Program training curriculum.

Support coordination with internal/external risk and control functions (e.g., Risk Management, Corporate Audit, Corporate Compliance, external auditor) to improve integration of governance, risk and compliance functions.

Act as liaison with Corporate Audit, external auditor and state regulators for internal control over financial reporting issues.

Proactively collaborate with the first, second and third lines of defense to drive awareness, accountability and additional oversight in the implementation and ongoing effectiveness of internal control over financial reporting.

Proactively participate in various risks and controls committees and/or working groups of NYL as assigned.

Qualifications:

Bachelor's Degree with emphasis or concentration in Accounting, Finance

Minimum of 4 years of experience in roles with major responsibilities for oversight of and/or testing internal control over financial reporting is required

Basic knowledge of Service Organization Control reports (e.g., SOC1s) is required

Strong knowledge of Insurance and Actuarial businesses is preferred

Big four experience is required

CPA or CIA is preferred

Demonstrated leadership and ability to manage and supervise staff/consultants in a highly productive environment

Strong oral and written communication skills. Must be able to effectively communicate with various levels of management, internal customers and auditors

Team oriented. Ability to work in a fast-paced environment and shift priorities as necessary

Proficient in Microsoft Excel, Word, Access, Visio, Power Point and SharePoint is required

Pay Transparency

Salary Range: $95,000-$162,500

Overtime eligible:
Exempt

Discretionary bonus eligible:
Yes

Sales bonus eligible:
No

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…


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