Review Vacancy
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $155000 to $175000 Annually
Minimum Qualifications Basic Qualifications:
Bachelor's Degree in Accounting, Finance, or Business Administration and seven years of experience in insurance accounting or auditing. Two years of the experience
must have been at a supervisory level. Certification as a CPA and/or possession of an MBA may substitute for two years of the general experience.
Preferred Qualifications:
Experience in insurance, financial services, investment accounting, public accounting and auditing is highly preferred. Experience with Oracle, Hyperion and financial project management are a plus. The ideal candidate will have excellent verbal and written communication skills and will be able to identify or troubleshoot complex business challenges while maintaining a good rapport with management staff and key stakeholders. Deep knowledge of Statutory Accounting Principles in accordance with the National Association of Insurance Commissioners (NAIC) strongly preferred.
Duties Description Reporting to the Chief Financial Officer, the Controller is responsible for the oversight of NYSIF’s Accounting Operations Department, which includes management of the Financial Reporting, Investment Back Office, Accounts Payable and Financial Planning and Analysis staff and functions.
Responsibilities include, but are not limited to:
• Manage the Financial Reporting, Financial Planning and Analysis, Investment Back Office and Accounts Payable staff and functions
• Manage the preparation of NYSIF’s statutory annual and quarterly statements, (Yellow Book) for the Workers’ Compensation Fund and Disability Benefits Fund filed with the New York State Department of Financial Services and the NAIC
• Manage closing of the General Ledger for the Workers’ Compensation Fund, Disability Benefits Fund and the Aggregate Trust Fund within 5 business days of month end.
• Manage the annual audit including the preparation of NYSIF’s audited financial statements and footnotes for the Workers’ Compensation Fund, Disability Benefits Fund
and Aggregate Trust Fund on the statutory basis of accounting
• Manage the preparation of the quarterly reports for senior management and the Board of Commissioners such as financial summaries, segment profitability and reporting, rate, volume and mix analysis
• Support the Investment Front Office in exploring accounting and implementation of new asset classes
• Contribute to process improvements and automation of various strategic initiatives
• Work in conjunction with Treasury and Legal to track and manage receivables aging
• Advise management on any risks and deficiencies of the business as illustrated by automated tools and KPI monitoring
• Prepare annual Workers’ Compensation Fund (WCF) and Disability Benefits Fund (DBF) budget. Forecast expenses, analytical comparisons of actual versus budget, budget
versus forecast and actual versus forecast.
Additional Comments NYSIF has a Telecommuting Program.
Some positions may require additional credentials or a background check to verify your identity.