Real Estate Accounting, Senior Associate


Date: Oct 3, 2021

Location: New York, NY, US

Company: New York Life Insurance Co


New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM’s vision is to be one of the most trusted providers of investment management expertise and long-term financial security.






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 $55 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 a senior 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 home office, property, asset, joint venture, and general account reporting. 



  • Performance Reporting – IRR, NCREIF, GIPS, Time Weighted returns
  • Investor Reporting – Capital Calls, Distributions, Investor Correspondence
  • Yardi experience – Voyager, Investment Management
  • 3+ years of accounting experience
  • Experience with historical cost GAAP accounting, Statutory Accounting, and tax reporting a plus
  • Experience with financial, investor and performance reporting
  • Ability to evaluate, document, and implement best in class policies and procedures
  • An advanced degree or CPA designation preferred


Reporting Structure:

  • Reports to Manager and/or Director and partners with teams in multiple locations.
  • Coordinates with Portfolio and Asset Management and with New York Life internal accounting and audit teams  




Financial and Investor Reporting

  • Ensures accurate and timely financial information is provided, as necessary, to internal management, external auditors, internal auditors, and external clients
  • Addresses and responds to specific financial requests made by Real Estate Officers regarding investment performance and property financial statements
  • Maintain and enhance accounting procedures and internal control systems
  • Other projects and analysis as requested


 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






Please note: During calendar year 2021, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.

Job Requisition ID: 83973






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