Accounting Associate

Company Name:
New York Life
Job Title Accounting Associate
Job Function and Key Duties & Responsibilities Daily Responsibilities:
o Daily Treasury functions for Distributors and NYLIM
o Daily Wires for all entities
o Reconcile with BFDS commission expense
o Bonaire Deliverables as requested- assist in model building and implementation
Monthly responsibilities:
Preparing memos for wire transfers and/or deposits; ensuring the proper accounting is used when posting expenses and income
Preparation of schedules and posting of journal entries and all account reconciliations
Sub-advisory fees monthly calculations and emailing of schedules
Preliminary net management fee income calculation
Sub-advisory reporting by fund category and by boutique
Purchase and Sales activity of NYLIM's investment in MainStay & ICAP Funds
Purchase and Sales Activity for Distributors investments
Sub Admin Fee to NYLIAC
McM Sourcing of Assets/Con Ed Prepaid
RPS Revenue Share Journal entries
Monthly journal entry for cash activity
Ad Hoc -Board analytics
Commission expense/Concession Income -Distributors
Month end Flash roll forward
NSCC activity for Distributors
Monthly Expense Accruals- NYLIM
Registration fees-Distributors
OBD Gating/Platform fees -Distributors
DAC Amortization
Prepare/coordinate all reconciliations for NYLIM and Distributors entities to provide to manager on BD12
Wire to BFDS for prefunding related to Commission activity
Quarterly Responsibilities:
Sub Admin Fee - NYLIAC
McM - Sourcing of Assets
NYL Trust 401K
12b-1 reporting
Annual Responsibilities:
Prepare 1099's for NYLIM- if any exist
NSAR Reporting
SAI Reporting
15C Requests for Board Reporting
Assist PWC auditors with audit
Job Location NJ - Parsippany
Position Type Full Time
AutoReqId 9490BR
Required Qualifications Must have excellent MS Excel skills, SAP a plus, Bonaire - Revport a plus
Must have excellent organization skills
Must have excellent communication skills
Accounting degree preferred
Mutual Fund industry knowledge a plus
Experience 3-5 years in an accounting role

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