New York Life Insurance CoNC

Business Analyst

New York Life Insurance Company is the largest mutual life insurance company in the United States, providing life insurance, retirement income, investments, and long-term care insurance. Founded in 1845, the company is headquartered in New York City and is dedicated to offering financial security and peace of mind to its policy owners.

New York Life Insurance Co

Employee count: 5000+

Salary: 78k-133k USD

United States only

Location Designation: Hybrid - 1 day per quarter

Location: Gather when needed (NYC Area)

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.

The Finance Technology team within the Controllers’ is looking for a Business Analyst with a minimum of 3 years of experience within the accounting or finance landscape. The Finance Technology team is a trusted partner to the Finance organization working to identify solutions for the execution of strategic initiatives and critical business functions regarding process efficiency, data accessibility, governance and service provide relationship management.

The Business Analyst position is responsible for coordinating business requirements for changes to business processes, policies and information systems. The buisness analyst understands business problems and opportunities in the context of the requirements and partners with the buisness to evaluate solutions. The positions navigates across functional and technical boundaries to facilitated relationships and translate business needs into finance and technology solutions.

This position will support many strategic projects across Finance and Controllers’ including:

  • Modernization efforts across the company
  • Upgrades across the financial systems landscape
  • Various enhancements which range from small efforts to multi-year programs.

What You’ll Do:

  • Interact with business, conduct analysis, and document business processes, workflow and requirements. Solicit business and system requirements using walk-through, document analysis, use case scenarios, business analysis, task and workflow analysis
  • Understand the success criteria defined by the business or recognize when the business lacks a clear vision of success criteria. Ensure alignment is achieved for success criteria and continually validate scope and requirements against the agreed upon objectives.
  • Write clear and concise requirements ensuring that requirement statements are complete, consistent, concise, comprehensible, feasible, unambiguous, traceable, and verifiable.
  • Responsible for business requirements, functional requirements, non-functional requirements, data requirements, and reporting requirements
  • Analyze and interpret business requirements into functional requirements and specifications that have an appropriate level of detail suitable for use by the technology teams.
  • Ability to work with our business and technical partners to achieve an efficient and effective solution with holistic view across internal and external systems
  • Verify that the solution meets the business, compliance and technical requirements
  • Support business and technology teams to ensure key deliverables are met in an accurate timely manner
  • Provide subject matter expertise and assist in the troubleshooting of problems and issues; make recommendations and provide alternative solutions when applicable.

What You’ll Bring:

  • Strong verbal and communication skills with a comfort presenting requirements, recommendations and solutions to varying levels of management, including in some cases executives.
  • Proficiency in requirements gathering and documentation with strong attention to accuracy and detail
  • Strong analytical and problem-solving skills.
  • Ability to explain technical solutions to technical and non-technical teams
  • Use best practices and knowledge of internal or external business issues to improve services
  • Interpret business challenges, identifies trends and recommends best practices
  • Explain difficult or sensitive information; collaborates with others to build consensus
  • Must be very organized and have excellent follow-up skills
  • Must be team oriented in interacting with a diverse group
  • A proactive self-starter with the ability to work independently
  • Ability to manage multiple simultaneous priorities and be comfortable escalating challenges with capacity if necessary.

Desired Experience:

  • Bachelor's degree preferred
  • 3 years of Business Analysis, Accounting, Systems Analysis or similar experience
  • Previous experience working within the Life Insurance or Financial Services Industry would be a plus
  • Knowledge of NYL products and applications would be a plus
  • Experience working within agile and waterfall methodologies to deliver large complex projects

Pay Transparency

Salary Range: $77,500-$132,500

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 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.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We 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. Click here to learn more about how we have been recognized for our leadership.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Job Requisition ID: 91361

About the job

Apply before

Posted on

Job type

Full Time

Experience level

Mid-level

Salary

Salary: 78k-133k USD

Location requirements

Hiring timezones

United States +/- 0 hours

About New York Life Insurance Co

Learn more about New York Life Insurance Co and their company culture.

View company profile

At New York Life, our focus on innovation drives our mission to provide financial security and peace of mind. For over 180 years, we have been at the forefront of the life insurance industry, consistently adapting to meet the evolving needs of our policy owners. Our commitment to groundbreaking technology is evident in our multiyear strategy to modernize our infrastructure and applications, with a strong emphasis on cloud computing, cybersecurity, and data management. We are not just an insurance company; we are stewards of a long and proud history, dedicated to remediating technical debt while simultaneously creating modern experiences for our agents and customers. This involves a significant shift towards leveraging data, analytics, artificial intelligence (AI), and generative AI (GenAI) across all facets of our operations, as showcased in our Data+Analytics+AI Expos. This technological advancement allows us to better serve our clients by providing more personalized and efficient services.

Our innovative spirit extends to how we empower our workforce and engage with our communities. We believe in the power of human guidance, delivered by our industry-leading force of over 12,000 financial professionals. To support them and our diverse clientele, we are continuously developing new solutions and enhancing our digital ecosystem. This includes unifying multiple lines of business onto a single AEM platform and utilizing Salesforce to build stronger customer relationships through micro-conversions. Furthermore, New York Life is dedicated to fostering a diverse, equitable, and inclusive workforce that mirrors the communities we serve. This commitment, combined with our robust financial strength and mutual structure—where policy owners are at the center of everything we do—allows us to make long-term decisions that benefit those we protect. Through these technological and cultural innovations, New York Life is revolutionizing the way individuals and families build and protect their financial futures, ensuring we can keep our promises for generations to come.

Employee benefits

Learn about the employee benefits and perks provided at New York Life Insurance Co.

View benefits

Paid time off for parents and adoptive families

Time off for new parents.

Life Insurance

Income protection benefit.

Long-Term Disability Insurance

Income protection benefit.

Accidental Death and Dismemberment Insurance

Income protection benefit.

View New York Life Insurance Co's employee benefits
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New York Life Insurance Co

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