Review Vacancy
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $120000 to $140000 Annually
Minimum Qualifications Basic Qualifications:
Bachelor’s degree in Accounting and 6-10 years of accounting experience. Preference may be given to candidates with a Master’s degree in Business, Accounting or Finance and candidates who are Certified Public Accountants (CPAs) or have passed the Certified Public Accounting exam. Candidate must possess a background in finance and have experience with various accounting software systems and system implementations. Advanced Excel skills, including pivot tables, lookups and macros, required.
Preferred Qualifications:
Experience in insurance, financial services, public accounting and auditing is highly preferred. Experience in information technology or financial project management experience is 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 and key stakeholders.
Duties Description The New York State Insurance Fund (NYSIF) is seeking an experienced financial professional to serve as Assistant Controller in our Finance and Accounting Department. This person will report to NYSIF’s Controller and will play an active role in the department’s preparation, analysis and reporting of NYSIF’s financial results.
Responsibilities include, but are not limited to:
• Manage the preparation of NYSIF’s 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 five 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;
• Manage the preparation of the quarterly reports for senior management and the Board of Commissioners such as Activity Based Costing, segment profitability and reporting, rate, volume and mix analysis;
• Contribute to process improvements and automation of various strategic initiatives such as the implementation of Hyperion;
• Support Enterprise Risk Management (ERM) and Capital Management and Measurement Initiatives; and
• Advise management on any risks and deficiencies of the business as illustrated by automated tools and KPI monitoring.
Additional Comments The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair market place and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere.
NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 155,000 policyholders, with more than $2 billion in annual premium and $18 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.
In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 61,000 New York employers. In 2018, NYSIF added Paid Family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.
Please note: The selected candidate must be a New York State resident or willing to relocate.
Some positions may require additional credentials or a background check to verify your identity.