Job Description
Full job description
Location Designation: Hybrid - 4 days per week
Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.
As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.
You are our future, and we commit to investing in you accordingly.
New York Life Real Estate Investors (“NYL REI”) is the real estate investment management division of New York Life Investments. NYL REI manages a portfolio in excess of $70 Billion which includes real estate debt, real estate equities and real estate securities. The equity portfolio includes assets held in New York Life’s general account, separate accounts, an open-end core fund, closed end value add funds, and co-investments with REIT vehicles. We are seeking an associate accounting professional responsible for financial accounting and reporting for the equity real estate portfolio.
This opportunity requires developing an in-depth knowledge of the real estate industry and excellent technical ability. The position is responsible for ensuring the financial integrity and timely reporting of equity real estate, including funds, property, asset, joint venture, debt compliance, GIPs, NCREIF and investor account financials.
What You’ll Do:
Ensures accurate and timely financial information is provided, as necessary, to internal management, external auditors, internal auditors, and external clients
Reviews and maintains quarterly valuation changes; calculates asset management fee and net asset value, as necessary
Reconciliation between custodian banks and accounts, pricing, real estate reporting to the clients, appraisal adjustments and is the point person for their project’s audit
Addresses and responds to specific financial requests made by Real Estate Officers regarding investment performance and fund financial statements
Review capital call and distribution calculations, sources and uses, allocations, and investor notices Maintain and enhance accounting procedures and internal control systems
Other projects and analysis as requested by senior management
Contribute to process improvement initiatives to streamline the cash management function and enhance efficiency and accuracy
Stay updated on industry best practices, regulations, and changes in accounting standards related to cash management processes.
Collaborate with the accounting team to ensure proper coding and classification of expenses.
Maintain accurate and up-to-date cash team records, including vendor information, invoice details and payment status in the cash system.
What You’ll Bring:
Undergraduate degree in Accounting or related field 0-3 years of accounting experience
Experience with fund level, historical cost GAAP accounting, Statutory Accounting, and tax reporting a plus Yardi experience preferred
Experience with corporate accounting, consolidation and SOX reporting
Ability to evaluate, document, and implement best in class policies and procedures
Cash Managements/Accounts Payable
#LI-AM1
Pay Transparency
Salary Range: $75,000 - $110,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Location Designation: Hybrid - 4 days per week
Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.
As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.
You are our future, and we commit to investing in you accordingly.
New York Life Real Estate Investors (“NYL REI”) is the real estate investment management division of New York Life Investments. NYL REI manages a portfolio in excess of $70 Billion which includes real estate debt, real estate equities and real estate securities. The equity portfolio includes assets held in New York Life’s general account, separate accounts, an open-end core fund, closed end value add funds, and co-investments with REIT vehicles. We are seeking an associate accounting professional responsible for financial accounting and reporting for the equity real estate portfolio.
This opportunity requires developing an in-depth knowledge of the real estate industry and excellent technical ability. The position is responsible for ensuring the financial integrity and timely reporting of equity real estate, including funds, property, asset, joint venture, debt compliance, GIPs, NCREIF and investor account financials.
What You’ll Do:
Ensures accurate and timely financial information is provided, as necessary, to internal management, external auditors, internal auditors, and external clients
Reviews and maintains quarterly valuation changes; calculates asset management fee and net asset value, as necessary
Reconciliation between custodian banks and accounts, pricing, real estate reporting to the clients, appraisal adjustments and is the point person for their project’s audit
Addresses and responds to specific financial requests made by Real Estate Officers regarding investment performance and fund financial statements
Review capital call and distribution calculations, sources and uses, allocations, and investor notices Maintain and enhance accounting procedures and internal control systems
Other projects and analysis as requested by senior management
Contribute to process improvement initiatives to streamline the cash management function and enhance efficiency and accuracy
Stay updated on industry best practices, regulations, and changes in accounting standards related to cash management processes.
Collaborate with the accounting team to ensure proper coding and classification of expenses.
Maintain accurate and up-to-date cash team records, including vendor information, invoice details and payment status in the cash system.
What You’ll Bring:
Undergraduate degree in Accounting or related field 0-3 years of accounting experience
Experience with fund level, historical cost GAAP accounting, Statutory Accounting, and tax reporting a plus Yardi experience preferred
Experience with corporate accounting, consolidation and SOX reporting
Ability to evaluate, document, and implement best in class policies and procedures
Cash Managements/Accounts Payable
#LI-AM1
Pay Transparency
Salary Range: $75,000 - $110,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
💡 Quick Summary
Seeking a career-building opportunity? The Real Estate Fund Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in New York City offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
