Real Estate Fund Accountant, Associate

Location Designation:Hybrid - 4 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. We are seeking an associate accounting professional responsible for nancial 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 nancial integrity and timely reporting of equity real estate, including funds, property, asset, joint venture, debt compliance, GIPs, NCREIF and investor account nancials.

What You'll Do:

• Ensures accurate and timely nancial 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 specic nancial requests made by Real Estate O cers regarding investment performance and fund nancial 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 e ciency 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 classication 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 eld
• 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

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Pay Transparency

Salary Range:$62,400-$90,000

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:91585