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SAP FSCD and FPSL Functional Lead, Corporate Vice President

Company: New York Life Insurance Company
Location: Alpharetta
Posted on: September 18, 2022

Job Description:

When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.Job Description: Supports and understands NYL's Financial business processes. Configures and maintains NYL SAP Financial modules including new S4 General Ledger, SAP FSCD, SAP FPSL, S4 Accounts Payable and other intergrated components of the Finance modules within SAP. Works closely with business partners to define Financial requirements for the SAP application. Protects the functionality of the system by adhering to specific development lifecycles with an overall understanding of how functional and technical components of the application work together to provide functionality to the NYL end user community. Manages the daily operations and team responsible for functional delivery; gathers and analyzes data and reports that pertain to the overall operation of the business unit and completes reports summarizing activities and trends; assists in strategic and tactical operational plans to ensure achievement of company and departmental goals; performs independent review of problem situations; develops solutions and implements actions to resolve problems and ensure functional satisfaction; reviews processes and procedures to streamline activities to enhance service turnaround time, productivity, and quality; coordinates overall workflow of the business unit and ensures that workflow processes facilitate effective and efficient use of corporate resources and enhance customer satisfaction.Determines scope of Financial applications system by consulting with all stakeholders, Financial executives and other management to ascertain organizational needs for Financial related information; functions as liaison with information technology and Finance. Duties and Responsibilities:Facilitates the implementation and support of SAP functionality and overall performance, while maintaining a high degree of customer satisfaction.Manages one or more small to medium-sized projects; plans, organizes, and implements project plans; manages activities of project teams; works in a matrix environment with IT Application Services and the business units; recommends and monitors development and implementation to ensure that projects support strategic goals, meet the needs of the business unit, and are integrated smoothly within time, budget, resource commitment, and standards maintained on all project activities, system implementations, upgrades, and releasesWorks with the business unit to develop business requirements, project deliverables, cost/benefit requirements, specifications, business architectural models, and use-case scenario specifications; applies project management processes/tools to manage and track all projects; communicates issues, concerns, risks, and other project information as neededParticipates in project kickoff meetings; communicates individual roles and expectations, and ensures that all project team members have the tools and training to perform effectivelyAssists in the development and ensures compliance of policies/procedures for the PMO, project sponsors, and all other stakeholders; assists in establishing guidelines to ensure adherence to policies/procedures by all stakeholdersMeets regularly with project sponsors to provide updates, acquire business decisions, and validate scope and direction; conducts formal reviews with business sponsors at the project's completion to confirm acceptance and satisfactionEnsures that all changes in the processes/procedures are documented and communicated to project sponsors and other affected departments before implementationInitiates and maintains all records related to projects, such as scope change control documentation, cost-change control documentation, and revised requirement documents (essentially all documents throughout the life of the project/development)Develops and maintains productive working relationships with project sponsors, vendors, and key clientsParticipates in business strategic planning and decision-making at the division level and may be involved to some extent in visionary strategic planning and decision-making for the organizationDirects functional research and innovation across integrated teams to include business and technology resourcesProvides design recommendations for integrated solutions including development approach, solution integration and platform utilizationProvides functional business leadership and vision, and leads the development of standards and decisions regarding changes to systems/applications System Knowledge and Project Experience8-12 years of prior implementation of SAP solutions Prior implementation of a sub-ledger preferred; experience with configuration of a standard accounting solution - preferably on an SAP platform (e.g. SAP Bank Analyzer, FSCD, FPSL, Accounting for Insurance Contracts)Alternatively, SAP FS-CD, SAP FS-RI or SAP S/4 Hana FI (with focus on technical subledger)Engaged participation in the agile project delivery (sprint planning, JIRA, retrospective, etc.) Understanding of end-to-end system landscape (source, master data, general ledger, consolidation) and how the data flows from the source to produce the required bookings, reports and interfacesAbility to understand implementation design for new solutions and to specify requirements to developers for change requestsKnowledge of SQL as well as familiarity with scripting or programming languagesBusiness and Accounting UnderstandingWorked on projects in the financial services industry (insurance companies, banks, fintechs, insurtechs)Worked in at least one of the following areas: financial accounting, financial controlling, risk management, regulatory/statutory complianceWilling to dig into financial reporting (e.g. US-GAAP or US Statutory)Evaluates potential solutions to ensure requirements are aligned with the accounting standards and can be implemented/configured in the SAP FSCD and FPSL landscapeSolid grasp of insurance accounting business requirements and ability to document and communicate them effectively to product owner(s), business customers and team members is a plusBehavioral Competencies:Change Advocate/Leadership: Plans, implements, and manages change for the organization, assesses the impact of planned enterprise wide change, and builds contingency plans to support change efforts; communicates planned changes and participates in activities that promote organizational changeClient Partnership: Coaches staff on enhancements to plans and implementations based on extensive experiences in the industry and a wide breadth of knowledge regarding clients' operational needs; identifies strategic level initiatives through input from staff, vendors, and clients, and regularly meets with senior clients to discuss changes in the business and shares potential opportunities in the business; develops tactical and strategic initiatives to proactively address client needs Communication for Results: Presents information or ideas to the interests, level, and needs of the audience; actively engages participants, encourages input, and uses group process skills to ensure that the agenda is met; promotes and facilitates free and open communication; adapts choice of language and presentation of ideas to fit various needs and perspectives of audiencesConsulting: Collaborates with business partners and clients on key business issues and plays a part in the decision-making process; offers constructive advice on business processes, functions, and re-engineering opportunities resulting from the implementation of technology; presents broad, complex information and concepts in an influential or persuasive way that results in actionCustomer Service Orientation: Thinks proactively and independently about clients' needs and collaborates with clients to develop best approaches to certain issues; synthesizes the needs of multiple customers in the coordination of complex multiple servicesDecisiveness: Identifies, analyzes, and discusses alternatives with multiple stakeholders; coaches others on decision-making processes, disciplines and techniques, and demonstrates the effective use of various decision-making approaches, especially in high-impact situations; has experience with multiple decision-making models, their advantages and disadvantages; discusses and differentiates between content and context of a decision; is familiar with the theory and practice of inductive and deductive reasoning and fosters effective decision-making in othersInitiative: Takes decisive, proactive actions to either create opportunities or minimize potential problems; seizes the opportunity to initiate new activity or to introduce new approaches into the organization and proactively addresses next steps, upcoming issues, and obstaclesMentoring and Developing Others: Proactively plans development and mentoring activities for direct reports and identifies opportunities for hands-on work that might enhance the growth of others and facilitate the process; frequently shares own experiences with direct reports and others for the purpose of improving their personal and professional developmentTeam Leadership: Addresses elements of the group process that could impede the group from reaching its goal, and identifies and improves communication flow to bring team conflict into the open and facilitate resolution; values differences and creates a diverse team; identifies the "right people," despite organizational location or functional specialty, for inclusion in the team by matching individual competencies to the team's goalsBusiness Competencies:Business Function Knowledge: Understands and actively engages in the identification of business and technical solutions for multiple or cross-functional business areas; understands the direction of the overall industry and evaluates the impact on own area of responsibilityFinance and Accounting Knowledge: Integrates financial information from multiple sources into overall financial reporting system and implements a financial control system that defines the procedures for allocating expenditure and defining financial accountabilities; takes action to negotiate pricing and resolve financial deviationsNegotiation: Adapts different approaches using a variety of negotiating concepts, brainstorming or compromise tactics to obtain sponsorship and buy-in to support negotiating initiatives from stakeholdersStrategic Business Planning: Develops strategic business cases for departmental or project-specific initiatives; provides detailed analysis and summaries of departmental issues for strategic planning; analyzes operations, staffing, and capital improvements from a multi-year and multi-functional perspective; articulates the relationship between day-to-day operations and corporate initiatives to clients, staff, and vendors; develops detailed input for IT strategic plansRecognized 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 theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses "Be Good At Life." To learn more, please visit LinkedIn, our Newsroom and the Careers page of Requisition ID:86934PDN-96ee0bd2-806a-4ba4-87f4-1e618ab544b6

Keywords: New York Life Insurance Company, Alpharetta , SAP FSCD and FPSL Functional Lead, Corporate Vice President, Executive , Alpharetta, Georgia

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