Senior Associate - Derivative Accounting & Reporting

Location Designation: Hybrid - 3 days per week

This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.

Senior – Derivative Accounting & Reporting performs a variety of duties including accounting and reporting of the Derivatives for NYL, NYLIAC and LINA General & Separate Accounts on a statutory and management basis as well as NYLE on a GAAP basis. Familiarity with derivatives will be beneficial in the preparation and review of certain entries as well as the analytics that is performed in the area.

• Provide monthly accounting and reporting of the derivative portfolio for the general account, separate account and NYLE in accordance with SSAP 86, ASC 815 and the Investment Accounting Policy.
• Prepare and review investment committee schedules on a quarterly basis within tight deadlines.
• Deliver 3 quarterly reporting deliverables including regulatory schedules, derivative program analysis, board reporting, and Controllers book.
• Work with our co-sourcing partner to ensure the Schedule DB’s are accurately reported and review reconciliations provided by the co-sourcing partner.
• Ensure SOX compliance including developing, documenting, testing, and reviewing controls and procedures.
• Assist derivative team with various projects geared toward improving the efficiency of our derivatives accounting system.
• Provide variance analysis and other analytics for various business areas regarding the accounting for the various derivative programs.

• Bachelor’s degree in Accounting
• CPA a plus
• Proficiency in Microsoft Office, with strong working knowledge of Excel
• Knowledge of derivatives, preferably accounting for derivatives
• Familiarity with AI tools (Copilot, ChatGPT) a plus.

Salary Range: $90,000–$139,000

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.

At New York Life, our 180‑year legacy of purpose and integrity fuels our future. As we evolve into a more technology‑, data‑, and AI‑enabled organization, we remain grounded in the values that drive lasting impact. Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem‑solving, and purpose‑driven innovation. Here, you’ll find the rare balance of long‑standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.

As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.

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. Learn more about our comprehensive benefit options or visit our NYL Benefits Site.

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.

Learn more about New York Life’s leadership in this space.