Location Designation:Hybrid - 3 days per week
New York Life Real Estate Investors (NYL REI) is the dedicated real estate investment management division of New York Life Investments. We manage an extensive portfolio valued at over $65 billion, which encompasses real estate debt, equities, and securities. Our equity portfolio includes a diverse range of assets held within New York Life's general account, separate accounts, an open-end core fund, closed-end value-add funds, and co-investments with REIT vehicles.
Role Overview:
We are currently seeking a Senior Associate Accounting Professional to oversee financial accounting and reporting for our equity real estate portfolio. This role demands a strong understanding of the real estate industry and exceptional technical skills to ensure accuracy and integrity in financial reporting.
What You'll Do:
- Financial Reporting: Ensure the provision of accurate and timely financial information to internal management, external auditors, internal auditors, and clients
- Valuation and Fees: Review and maintain quarterly valuation changes; calculate asset management fees and net asset value as required
- Reconciliation: Handle reconciliation tasks between custodian banks and accounts, pricing, real estate reporting to clients, appraisal adjustments, and serve as the audit point person for assigned projects
- Financial Requests: Address and respond to specific financial inquiries from Real Estate Officers concerning investment performance and fund financial statements
- Capital Call Management: Review capital call and distribution calculations, sources and uses of funds, allocations, and investor notices
- Procedures and Controls: Maintain and improve accounting procedures and internal control systems
- Project Support: Participate in other projects and analysis as requested by senior management
- Process Improvement: Contribute to process improvement initiatives to streamline cash management functions and enhance efficiency and accuracy
- Industry Awareness: Stay informed on industry best practices, regulations, and changes in accounting standards related to cash management processes
- Collaboration: Work with the accounting team to ensure proper coding and classification of expenses
- Record Maintenance: 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 a related field
- 3-7 years of accounting experience
- Familiarity with fund-level, historical cost GAAP accounting, statutory accounting, and tax reporting is a plus
- Experience with Yardi is preferred
- Background in corporate accounting, consolidation, and SOX reporting
- Ability to evaluate, document, and implement best-in-class policies and procedures
- Experience in cash management and accounts payable
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Pay Transparency
Salary Range:$100,000 - $130,000
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.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized 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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Job Requisition ID:90673
