CPA/Business Analyst:

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Job Description

The purpose of this position is to oversee all financial reporting and business planning elements of the Home Equity Income Solutions (“HEIS”) business, which is a proprietary approach to the reverse mortgage market, and to interface with corporate departments on financial reporting. This position will be responsible for preparing and managing the unit’s general ledger, including complete oversight over its financial statements, budgets, management reporting, payables and receivables, and relationship with other financial entities within New York Life Insurance Company. The position will also oversee the preparation of all client related accounting and reporting associated with HEIS products. We are seeking CPAs for this role. The controller will ensure compliance with generally accepted accounting principles, laws, regulations, and company procedures.

Location: New York

Specific duties include:

20% - Establish the unit’s general ledger and prepare accounting journal entries in accordance with its business transactions and activities. Manage and maintain ledger system and oversee the monthly accounting cycle as prescribed by company procedures. Provide monthly management reports (e.g. P&L, Cash Flow, and Balance Sheet) to CFO and prepare ad hoc analysis indicating key drivers of results.

20% - Prepare and update annual budget. Provide periodic budget projections to senior management and corporate departments. Prepare variance and trending analysis. Create monthly financial management reporting and ad hoc analytical assignments. Recommend strategies and objectives for successful financial management of the unit.

20% - Coordinate with the Office of Risk Management, the Corporate Finance Department, Office of the Chief Actuary (“OCA”) and other areas throughout the company to provide appropriate financial reporting, participate in corporate risk management and financial decisions, and ensure HEIS business meets with corporate standards for financial reporting and risk management.

20% - Ensure that necessary safeguards and record keeping procedures are implemented and maintained to preserve the financial integrity of the business unit and its assets. Work with outside auditor, as deemed necessary, in reviewing the entity’s accounts and preparing year-end financial reports and tax returns.

10% - Oversee daily client accounting posted to website, as well as preparation of monthly and quarterly statements for all HEIS customers.

10% - Supervise the preparation of invoices, statements and manage collection of the firm’s receivables. Manage accounts payables and provide periodic assessment of the impact of planned business transactions on the financial condition and results of the HEIS entity.