Director, Real Estate Accounting

New York Life

  • San Francisco, CA
  • $117,500-200,000 per year
  • Permanent
  • Full-time
  • 27 days ago
Location Designation: Hybrid - 4 days per weekOur New York Life culture has laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.You are our future, and we commit to investing in you accordingly.Visit our to see how our employees and agents are leading the industry and impacting communities.Visit our to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.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​Pay TransparencySalary Range: $117,500-$200,000Overtime eligible: ExemptDiscretionary bonus eligible: YesSales bonus eligible: NoActual 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 BenefitsWe 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. to discover more about our comprehensive benefit options or visit our .Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. to learn more about New York Life’s leadership in this space.​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 . 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 page of .​Job Requisition ID: 91591

New York Life