New York Life Work Values

Daily Duties at New York Life:

Financial Examiner on behalf of state insurance departments for financial solvency conditions of Fortune 500 insurance companies. Managed and maintained full responsibility of all phases of the financial review process including: • Investigated the specific financial records for line items such as contract loans, mortgage loans, investment income due and accrued, loss adjustment expense, and reinsurance payable on losses. • Verified and inspected bonds, preferred and commom stock, cash reserves, expenditures, assigned resources, and maintained accurate financial records for the program. • irected and participated in formal and informal meetings with senior management, trustees, counsels, and outside accountants in order to gather information and discuss findings. • Investigated activities of institutions in order to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency. • Prepared reports, exhibits and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions. • Recommended actions to ensure compliance with laws and regulations, or to protect solvency of institutions. • Resolved problems concerning the overall financial integrity including loan investment portfolios, capital, earnings, and specific or large troubled accounts. Audits Completed Included: Metropolitan Life Insurance Company (New York, NY), New York Life Ins. Co.(New York, NY), General Reinsurance(Stamford, CT), ING (Atlanta, GA), General Electric (Richmond, VA), Genworth Financial, AXA (New York, NY), Royal SunAlliance, Scottish Reinsurance, and multiple subsidiaries. Results of Audit Regulation: Company Downsizing Large/Small scale, Fines & Penalties Assessed, Annual Statement Restatements/Adjustments, Non-Admitted amounts in the multi-millions

What they like about New York Life:

Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.

Tags

Financial, Focus, Audit, Compliance, Management, Planning, Certified Fraud Examiner, Financial Reporting, Financial Statements, Statutory, Specialized experience in the claims, market conduct, financial auditing, risk focused financial analysis, identification and ensured robust testing of controls, and fraud investigations. Extensive experience in planning, budget analysis and tracking. Steeped in risk project management, Statutory Accounting Principles, regulatory compliance, and special expertise and solid performance in financial audit program management. Handling complex claims of multiple lines with focus on injury cases and property damage., Claims Management

Skills

(1)MS Office (2)Excel (3)Word (4)Outlook (5)TeamMate (6)Utilized Exam Audit Software from Fortune 100-500 Insurance Companies (7)Xactimate 28 (8)Excellent Computer Skills (9)Team Manager (10)Team Leadership (11)Work well with others (12)Professional Writ

These are some of the questions we asked our climbers about their experiences with New York Life: