Real Estate Fund Accountant

Title: Real Estate Fund Accountant

Location:

New York, New York, United States

Requisition ID

92140

Department

NYL Investors LLC

Job Function

NYL Investors LLC

Location

New York,New York,United States

Role Location Designation

Hybrid - 4 days per week

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.