New York Life introduced in the present day that Eric Feldstein has been named Government Vice President and Chief Monetary Officer (CFO), reporting to Chairman and Chief Government Officer Ted Mathas.
On this function, Mr. Feldstein could have accountability for main the corporate’s Finance group, together with enterprise unit finance, the finance providers group, treasury and company monetary planning and evaluation, controllers, and the Workplace of the Chief Actuary. He may also be a member of the Government Administration Committee.
Mr. Feldstein joins New York Life from Well being Care Service Company, the most important mutual well being insurer in america, the place he was CFO from 2016 to 2019 with accountability for the corporate’s accounting, monetary planning, treasury, tax, product pricing, and procurement actions.
From 2010 to 2016, he served as an Government Vice President with American Categorical, the place he was liable for managing a big portfolio of world companies with diversified sources of income and earnings.
Mr. Feldstein started his profession in finance with Normal Motors the place he held a wide range of roles with growing accountability. He served as Treasurer from 1997 to 2002, and subsequently served as Chief Government Officer of GMAC Monetary Companies from 2002-2008, main their worldwide enterprise together with World Auto Finance, World Insurance coverage, Actual Property Finance / Mortgage, and Industrial Finance. He holds a Bachelor of Arts from Columbia College and Grasp of Enterprise Administration from Harvard College.
Mr. Feldstein replaces Joel Steinberg, who was serving as interim CFO following the retirement of the corporate’s former CFO John Fleurant earlier this 12 months. Mr. Steinberg will resume his full-time function as Chief Threat Officer and proceed to report back to Mr. Mathas.
“Eric’s confirmed monetary acumen and spectacular monitor file of success in managing advanced companies and monetary items throughout a number of industries makes him the best alternative for our firm,” mentioned Mr. Mathas. “He represents a robust addition to our senior administration workforce, and I’m assured he’ll assist us construct on our legacy of monetary success as we proceed to ship on our long-term commitments to our coverage house owners and purchasers.”
About New York Life
New York Life Insurance coverage Firm (www.newyorklife.com), a Fortune 100 firm based in 1845, is the most important mutual life insurance coverage firm in america* and one of many largest life insurers on this planet. Headquartered in New York Metropolis, New York Life’s household of firms presents life insurance coverage, retirement earnings, investments and long-term care insurance coverage. New York Life has the best monetary power scores presently awarded to any U.S. life insurer from all 4 of the key credit standing businesses**.
*Based mostly on income as reported by “Fortune 500 ranked inside Industries, Insurance coverage: Life, Well being (Mutual),” Fortune journal, 6/1/19. For methodology, please see http://fortune.com/fortune500/.
**Particular person impartial score company commentary as of 9/12/19: A.M. Greatest (A++), Fitch (AAA), Moody’s Traders Service (Aaa), Commonplace & Poor’s (AA+).