Fund Accountant

New York Life•San Francisco, CA

5d•$75,000 - $106,500•Hybrid

About The Position

New York Life Investment Management (NYLIM) is a top global asset manager with over $800 billion in assets under management, serving institutional, retail, and insurance clients. NYLIM combines specialized expertise with the strength and stability of New York Life, focusing on disciplined active management and a long-term partnership approach. New York Life Real Estate Investors (NYL REI) is the real estate investment management division of NYLIM, managing over $70 billion across real estate debt, equity, and securities. The Investment Accountant role supports the accounting and financial reporting for investment portfolios, joint ventures, and fund accounting, including performing reconciliations, ensuring compliance with accounting standards and internal policies, and managing third-party property accountants/managers. The position is designated as Hybrid, requiring 4 days per week in the San Francisco Office.

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.