Source: New York State Jobs · Bespree is not the employer.
The New York State Insurance Fund (NYSIF) is seeking an Assistant Director Investment Accounting to participate substantially in, and help lead, activities within its Investment Accounting Unit to achieve continued excellence in its financial reporting.
NYSIF’s investment portfolio of over $22 billion is currently spread across public equities, public and privately placed fixed income securities, syndicated loans (bank loans), and private market limited partnerships (e.g., private equity).
An external vendor maintains NYSIF’s investment accounting book of record and prepares Statutory-basis accounting schedules for NYSIF’s review.
The incumbent will draw upon their deep experience in investment accounting for a variety of investment asset classes to validate vendor-provided accounting data through activities such as reconciliations/roll-forwards, journal entry reviews, and transaction analyses.
The incumbent will produce financial reporting for the investment portfolio based on the accounting book of record. They will demonstrate excellence at reconciling large datasets across investment, ledger, and regulatory reports, while maintaining strong internal controls and fostering positive stakeholder relationships.
They must be a collaborative, results-driven professional who demonstrates strong analytical skills and close attention to detail.
Responsibilities include, but are not limited to:
This includes assisting with periodic internal control reviews and internal audits.
o Accounting for private markets investments (e.g., limited partnerships in private equity and private real estate).
o Proficiency with reviewing regulatory schedules (e.g., Schedule BA, Schedule D).
o Reconciling an investment accounting general ledger to core investment accounting reports and regulatory schedules.
o Producing roll-forward reconciliations of book/carrying values and earned income.
o Producing portions of annual financial statements related to investment accounting, including footnotes.
o Validating the results of processing corporate actions into an investment accounting system.
*Examples of qualifying systems: BlackRock’s Aladdin Accounting Book of Record (ABOR), SS&C’s CAMRA, Clearwater Analytics, FIS, State Street’s PAM/PFI
Note: Functions frequently performed by an investment middle office, such as confirming alignment of trade details between counterparties and tracking trade executions and settlements, are not qualifying experience.
Please be advised that the New York State Insurance Fund (NYSIF) does not offer sponsorship for employment visas to employees or potential employees. Candidates sponsored for employment by an organization should be aware of their sponsorship status and the relevant expiration date(s) of that sponsorship before applying to this position.
is not currently enrolled in eVerify, which is a requirement for certain types of employment verifications.
Preferred Qualifications:
Experience working with external auditors and external vendors (including leading meetings and resolving issues).
New York State agencies, departments, and public authorities provide services across healthcare, engineering, administration, public safety, the trades, and other areas.
Source: New York State Jobs · Bespree is not the employer.
The New York State Insurance Fund (NYSIF) is seeking an Assistant Director Investment Accounting to participate substantially in, and help lead, activities within its Investment Accounting Unit to achieve continued excellence in its financial reporting.
NYSIF’s investment portfolio of over $22 billion is currently spread across public equities, public and privately placed fixed income securities, syndicated loans (bank loans), and private market limited partnerships (e.g., private equity).
An external vendor maintains NYSIF’s investment accounting book of record and prepares Statutory-basis accounting schedules for NYSIF’s review.
The incumbent will draw upon their deep experience in investment accounting for a variety of investment asset classes to validate vendor-provided accounting data through activities such as reconciliations/roll-forwards, journal entry reviews, and transaction analyses.
The incumbent will produce financial reporting for the investment portfolio based on the accounting book of record. They will demonstrate excellence at reconciling large datasets across investment, ledger, and regulatory reports, while maintaining strong internal controls and fostering positive stakeholder relationships.
They must be a collaborative, results-driven professional who demonstrates strong analytical skills and close attention to detail.
Responsibilities include, but are not limited to:
This includes assisting with periodic internal control reviews and internal audits.
o Accounting for private markets investments (e.g., limited partnerships in private equity and private real estate).
o Proficiency with reviewing regulatory schedules (e.g., Schedule BA, Schedule D).
o Reconciling an investment accounting general ledger to core investment accounting reports and regulatory schedules.
o Producing roll-forward reconciliations of book/carrying values and earned income.
o Producing portions of annual financial statements related to investment accounting, including footnotes.
o Validating the results of processing corporate actions into an investment accounting system.
*Examples of qualifying systems: BlackRock’s Aladdin Accounting Book of Record (ABOR), SS&C’s CAMRA, Clearwater Analytics, FIS, State Street’s PAM/PFI
Note: Functions frequently performed by an investment middle office, such as confirming alignment of trade details between counterparties and tracking trade executions and settlements, are not qualifying experience.
Please be advised that the New York State Insurance Fund (NYSIF) does not offer sponsorship for employment visas to employees or potential employees. Candidates sponsored for employment by an organization should be aware of their sponsorship status and the relevant expiration date(s) of that sponsorship before applying to this position.
is not currently enrolled in eVerify, which is a requirement for certain types of employment verifications.
Preferred Qualifications:
Experience working with external auditors and external vendors (including leading meetings and resolving issues).
New York State agencies, departments, and public authorities provide services across healthcare, engineering, administration, public safety, the trades, and other areas.