Fund Accountant

New York Life Insurance•San Francisco, CA

5d•Hybrid

About The Position

The Investment Accountant is responsible for supporting the accounting and financial reporting functions related to investment portfolios, joint ventures, and fund accounting. This involves performing reconciliations, ensuring compliance with accounting standards and internal policies, and managing our third-party property accountants/managers. New York Life Investment Management (NYLIM) is a global investment organization with a long history and a strong commitment to career development, innovation, collaboration, and diversity, equity, and inclusion. NYLIM brings together the firm’s global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life. Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing. New York Life Real Estate Investors (“NYL REI”) is the real estate investment management division of New York Life Investment Management. NYL REI manages a portfolio in excess of $70 billion across real estate debt, real estate equity, and real estate securities.

Requirements

Bachelor’s degree in accounting, finance, or related field preferred.
1-4 years of relevant experience in investment accounting, fund accounting, or real estate accounting.
Strong understanding of partnership accounting, and capital reconciliation
Proficiency in accounting software (Yardi, or similar) and Microsoft Excel (advanced skills is a plus).
Knowledge of GAAP and experience working with auditors.
Excellent analytical, organizational, and communication skills.
Ability to work independently and as part of a team, managing multiple priorities under deadlines.

Nice To Haves

Experience with real estate investments or private equity funds.
Familiarity with tax reporting requirements related to partnerships and LLCs.
Experience with property level financials and reporting.

Responsibilities

Review monthly income distribution, capital funding and review monthly financial reports from third-party property accountants in accordance with GAAP.
Perform monthly intercompany cash clearing reconciliation; quarterly capital funding reconciliation to fix asset reports and prepare quarterly Net Operating Income analysis.
Understand SLR rent processes and be able to identify and resolve errors effectively.
Collaborate with Asset Management, Property Management, Tax, and internal and external auditors to support audit and tax compliance activities.
Analyze and resolve discrepancies in capital accounts, distributions, and partner equity transactions.
Assist in process improvements to enhance accuracy and efficiency of accounting workflows.
Maintain detailed documentation and ensure adherence to internal controls and company policies.
Support ad hoc accounting projects and special assignments as needed.