Associate - Real Estate Accounting

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Date: May 6, 2022

Location: New York, NY, US

Company: New York Life Insurance Co

 

 

When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations. To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

 

Position Background: 
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 $50 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.  
  
Requirements:   
• 2+ years of accounting experience

• Experience with fund level, historical cost GAAP accounting, Statutory Accounting, and tax reporting a plus

• Yardi experience a plus

• Undergraduate degree, accounting major preferred

• Experience with corporate accounting, consolidation and SOX reporting

• Ability to evaluate, document, and implement best in class policies and procedures

• An advanced degree or CPA designation preferred   
  
Responsibilities: 
• 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   


Additional skills:        
• Excellent verbal and written communication, and organizational skills

• Must be detail oriented and be able to work under the pressure of deadlines

• Must be a self-starter and be able to work in a team environment

• Must be able to effectively interact with all levels of Company personnel, as well as external professionals.

• Willingness to learn and thrive in a team orientated environment 

Job Requisition ID: 86527

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 the Foundation. 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 www.NewYorkLife.com.

 

 

 

 

 

 


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