Associate - Accounts Payable

Company: New York Life Insurance Company
Location: New York
Posted on: November 13, 2024

Job Description:

Associate - Accounts PayableBusiness Overview: Join Corporate Finance where expertise meets strategic impact. Partner with diverse business units, providing financial insights and guiding sound decision-making. You'll work collaboratively to ensure data accuracy, implement robust controls, and safeguard policy owner interests. Become part of a team dedicated to financial stewardship, enabling business performance, and paving the way for a secure future for generations to come.What You'll Do:

• Performing peer quality review of vendor creation and change activity performed by co-sourcing team to ensure accuracy and compliance with the regulatory requirements.
• Processing accounting entries in SAP for vendor related payments processed in Treasury.
• Daily distribution of vendor checks.
• Handling check cancellation and reissue requests.
• Assisting in B-Notice review process and 1099MISC and 1042S reporting to IRS.
• Handling payment status inquiries and acting as a liaison between co-sourcing team and stakeholders for any compliance related issues.
• Interacting with internal stakeholders and outside vendors and providing guidance on procurement systems used and processes performed in the area.What You'll Bring:
  • 2 plus years of similar experience in Accounts Payable.
  • Knowledge of SAP is preferred.
  • Good oral and communication skills.Pay TransparencySalary Range: $62,400-$75,000Discretionary bonus eligible: YesActual 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.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.Our Diversity PromiseWe believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture.Job Requisition ID: 90981About NY Life Insurance CompanyDiversity & Humanity-two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth.As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.You are our future, and we commit to investing in you accordingly.
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Keywords: New York Life Insurance Company, Lower Merion , Associate - Accounts Payable, Accounting, Auditing , New York, Pennsylvania