New York Life Insurance Co

Real Estate Fund Accountant, Associate

New York Life Insurance Co • $76K — $106K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Undergraduate degree in Accounting, Finance, or related field.
  • 0-3 years of experience in accounting, fund accounting, or real estate preferred.
  • Experience with fund-level accounting, GAAP, and tax reporting is a plus.
  • Knowledge of cash management and accounts payable processes preferred.
  • Strong Excel and analytical skills; familiarity with Yardi or similar systems also preferred.
  • Attention to detail and strong communication skills are essential.
  • Ability to implement process improvements and work collaboratively across teams.

Responsibilities

  • Provide accurate financial information to management and auditors.
  • Review quarterly valuations and calculate asset management fees.
  • Perform reconciliations between bank records and accounting files.
  • Address financial requests from Real Estate Officers regarding performance and statements.
  • Review capital call and distribution calculations and investor notices.
  • Enhance accounting procedures and internal controls for efficient reporting.
  • Support cash management activities and maintain accurate records.

Benefits

  • Comprehensive benefits package including leave programs and adoption assistance.
  • Student loan repayment programs available.
  • Ongoing refinement of benefits based on employee feedback.
  • Encouragement for a balanced work-life with modern offerings.
Full Job Description
Location Designation: Hybrid - 4 days per week

We are seeking an Associate Accounting professional to support financial accounting and cash management activities across our real estate investment portfolio. This role offers the opportunity to develop in-depth knowledge of the real estate investment industry while building strong technical accounting and financial management skills.

The Associate will be responsible for supporting the financial integrity, cash management, and timely reporting of real estate investments across funds, properties, assets, and joint ventures. Responsibilities will also include debt compliance, GIPs, NCREIF reporting, and investor account financials. The ideal candidate will bring strong analytical and technical skills, attention to detail, and an interest in developing expertise in real estate investment accounting.

Responsibilities
• Ensure accurate and timely financial information is provided to internal management, internal and external auditors, and external clients, as appropriate.
• Review and maintain quarterly valuation changes and calculate asset management fees and net asset value (NAV), as applicable.
• Perform reconciliations between custodian bank records and accounting records, review pricing and appraisal adjustments, support real estate reporting to clients, and serve as a primary point of contact for assigned audits.
• Address and respond to financial requests from Real Estate Officers related to investment performance, fund financial statements, and other portfolio matters.
• Review capital call and distribution calculations, sources and uses, allocations, and investor notices.
• Maintain and enhance accounting procedures and internal control processes to support accurate and efficient financial reporting.
• Support cash management and accounts payable activities, including payment processing, expense coding and classification, and maintenance of accurate cash management records.
• Collaborate with the accounting team to ensure the appropriate coding and classification of expenses.
• Maintain accurate and up-to-date records in the cash management system, including vendor information, invoice details, and payment status.
• Contribute to process improvement initiatives designed to streamline cash management and accounting processes and enhance efficiency, accuracy, and controls.
• Stay current on industry best practices, regulatory developments, and changes in accounting standards relevant to real estate investment accounting and cash management.
• Perform additional projects and financial analyses as requested by senior management.

Qualifications
• Undergraduate degree in Accounting, Finance, or a related field.
• 0-3 years of experience in accounting, fund accounting, public accounting, real estate, private equity, or investment management preferred.
• Experience with fund-level accounting, historical cost/GAAP accounting, statutory accounting, and tax reporting is a plus.
• Knowledge of cash management and accounts payable processes preferred.
• Experience with corporate accounting, consolidations, and SOX reporting is a plus.
• Strong Excel and analytical skills; experience with Yardi or other real estate accounting systems preferred.
• Strong attention to detail, ownership mindset, and written and verbal communication skills, with the ability to manage multiple priorities and deadlines.
• Ability to evaluate, document, and implement best-in-class policies, procedures, and process improvements.
• Ability to work collaboratively across accounting, investment, and operational teams.

Pay Transparency

Salary Range: $76,000-$106,000

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 hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Job Requisition ID: 95001

About New York Life Insurance Co

New York Life Insurance Company is a mutual life insurance company in the United States and one of the life insurers in the world, ranking #88 on the 2014 Fortune 500 list with over $540 billion in total assets under management, and more than $19 billion in surplus and AVR. New York Life and its subsidiaries provide insurance, investment, and retirement solutions. For 175 years, the company has been helping people put their love into action. It was founded in 1845 and is headquartered in New York.

New York Life Insurance Co Careers

Join the esteemed team at New York Life Insurance Co, a leader in the insurance industry, and propel your career to new heights with unparalleled job opportunities. As one of the most respected names in life insurance, we offer a platform where professionalism meets innovation, creating an environment ripe for personal and professional growth.

Work You’ll Do

At New York Life Insurance Co, you will be part of a culture that cherishes diversity and fosters leadership. Our team is composed of skilled professionals dedicated to providing financial security and peace of mind to our clients. By joining us, you will collaborate with top-tier experts in finance and insurance, leveraging your skills to make a meaningful impact.

Explore Career Paths

Whether you are seeking an internship, a full-time position, or a leadership role, New York Life Insurance Co provides a variety of career paths to help you achieve your professional goals. Our commitment to career development is evident through extensive training programs and continuous learning opportunities that ensure our team remains at the forefront of the industry.

Innovate and Lead

Embrace the opportunity to lead projects that drive innovation within the company and the insurance industry. New York Life Insurance Co is at the intersection of tradition and innovation, where we constantly strive to develop solutions that anticipate the needs of our clients.

Be Part of a Great Team

Our team at New York Life Insurance Co is our greatest asset. We thrive on collaboration and respect each other’s contributions, creating a supportive and inclusive workplace. Here, networking and mentorship go hand in hand with day-to-day operations, providing a robust support system for career advancement.

Future-Proof Your Career

With New York Life Insurance Co, your career is future-proofed with endless opportunities for advancement. Our comprehensive benefits package supports your life both inside and outside of work, while our leadership and diversity training prepare you to take on new challenges.

Join Our Team

Search for open positions that match your skills and interests. We are hiring creative, curious, and motivated individuals who are ready to drive their careers forward. Explore our job opportunities and find out how your talents can make a difference at New York Life Insurance Co.

Stay Connected

Keep up to date with the latest industry trends, career tips, and company news through our Careers Blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences, and discover the exciting and rewarding opportunities that await at New York Life Insurance Co.

Prepare for Your Interview

Ready to join us? Prepare your resume and sharpen your interview skills to become part of a company that values vision, leadership, and a commitment to excellence. At New York Life Insurance Co, we are not just offering a job; we are offering a pathway to success.

New York Life Insurance Co – A Place Where Careers Are Made

From fostering innovation to encouraging diversity, New York Life Insurance Co is where you can pursue your passions and grow your career. Join us and make a difference in the lives of our clients and communities every day.
Learn more about New York Life Insurance Co
Size
11,960 employees
Industry
Founded
1845

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