Director, Real Estate Accounting

Location Designation: Hybrid - 3 days per week 

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.

The Real Estate Accountant 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. The role will work closely with Portfolio and Asset Management groups, as well as New York Life internal accounting and audit teams.

We are looking for a Director-level accounting professional to oversee financial accounting and reporting for our equity real estate portfolio.

What You’ll Do:

• Ensures accurate and timely financial information is provided, as necessary, to internal management, external auditors, internal auditors, and external clients
• Provides Investment oversight for our 3rd party property managers
• 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 internal and external clients regarding investment performance and property financial statements
• Maintain and enhance accounting procedures and internal control systems   Leads a team of 5 accounting professionals
• Other projects as requested by senior management

What You’ll Bring:

• Undergraduate degree in Accounting or Finance preferred   8-15 years of accounting experience preferred
• Experience with property level, fair market value, historical cost GAAP accounting, Statutory Accounting, and tax reporting a plus
• Yardi experience
• Experience with corporate accounting and SOX reporting
• Ability to evaluate, document, and implement best in class policies and procedures   An advanced degree or CPA designation preferred
• Excellent verbal and written communication, and organizational skills
• Must be detail oriented and be able to work under the pressure of deadlines
• 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

#LI-AM1

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Pay Transparency

Salary Range:  $117,500-$200,000 

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 the Foundation. 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.

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Job Requisition ID: 91591