Senior Accountant

TIAA • Chicago, IL

25d

About The Position

The Senior Investment Accountant ensures that investment accounting policies and procedures are correctly applied to financial transactions. Under minimal supervision, this job works directly with asset management, portfolio management and acquisition/disposition teams. This job leads a team to prepare month end closing reports and subsidiary quarterly financial analytics, and reports to senior management ensuring accurate asset evaluations. Key Responsibilities and Duties Prepares timely and accurate GAAP work papers and supporting schedules to satisfy all investment accounting requirements for internal and external audits. Reviews financial information for joint ventures to ensure compliance with investment accounting policies and procedures (sales, acquisitions, debt refinancing, REIT restructuring, and financial performance). Incorporates frequent ad hoc financial inquiries into the monthly and quarterly reports, adding value by providing management insight into the activities of the underlying properties. Calculates unlevered and levered, gross and net portfolio performance returns and property internal rates of return. Converts modified cash basis accounting information provided by third party management firms to accrual basis to facilitate preparation of fair value GAAP basis financial statements. Provides guidance to junior Investment Accountants regarding issues that require more advanced knowledge and experience.

Requirements

• 3+ years of accounting experience in public accounting, fund accounting, real estate accounting and/or financial statement preparation

Nice To Haves

• 5+ years of accounting experience in public accounting, fund accounting, real estate accounting and/or financial statement preparation
• CPA license
• Bachelors Degree in Accounting
• Strong proficiency in MS Office: Excel, Word and PowerPoint
• Previous experience using Yardi and Workiva
• Public Accounting
• Real Estate Accounting
• Cash Management
• Carried Interest Allocations

Responsibilities

• Prepares timely and accurate GAAP work papers and supporting schedules to satisfy all investment accounting requirements for internal and external audits.
• Reviews financial information for joint ventures to ensure compliance with investment accounting policies and procedures (sales, acquisitions, debt refinancing, REIT restructuring, and financial performance).
• Incorporates frequent ad hoc financial inquiries into the monthly and quarterly reports, adding value by providing management insight into the activities of the underlying properties.
• Calculates unlevered and levered, gross and net portfolio performance returns and property internal rates of return.
• Converts modified cash basis accounting information provided by third party management firms to accrual basis to facilitate preparation of fair value GAAP basis financial statements.
• Provides guidance to junior Investment Accountants regarding issues that require more advanced knowledge and experience.
• Oversee the Fund Admin team to ensure all reporting deadlines are met timely and accurately.
• Reviews all legal agreements to ensure accounting structures are setup appropriately.
• Reviews all REIT compliance and tax compliance schedules.
• Reviews all Investor agreements to ensure commitments and side letter reporting are setup and accurate.
• From time-to-time review and research complex transactions.
• Review all debt agreements and ensure debt covenants adhered to.

Benefits

• The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones.
• Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees