Fund Accountant

New York Life Insurance Co.; San Francisco (CA); On-site; USD 75,000 - 107,000; Full time

Job summary

New York Life Investment Management is seeking an Investment Accountant to support portfolios, joint ventures, and fund accounting within the NYL REI platform in San Francisco. You will reconcile monthly distributions, funding, and reports in GAAP, collaborating with property accountants and internal teams.

Candidates should have 1–4 years in investment or real estate accounting, strong GAAP knowledge, and proficiency with Yardi and Excel.

Qualifications

• Bachelor’s degree in accounting, finance, or related field.
• 1–4 years of investment accounting, fund accounting, or real estate accounting experience.
• Strong understanding of partnership accounting and capital reconciliation.
• Proficiency in Yardi and advanced Excel.
• Knowledge of GAAP and experience working with auditors.
• Excellent analytical, organizational, and communication skills.
• Ability to work independently and as part of a team, meeting deadlines.

Responsibilities

• Review monthly income distribution, capital funding and third-party property accountant reports in GAAP.
• Perform monthly intercompany cash clearing reconciliation; quarterly capital funding reconciliation for asset reports and NOI analysis.
• Understand SLR rent processes and identify/report errors.
• Collaborate with Asset/Property Management, Tax, and auditors to support audits and tax compliance.
• Analyze and resolve discrepancies in capital accounts, distributions, and partner equity transactions.
• Assist in process improvements to improve accounting workflows and accuracy.
• Maintain documentation and adherence to internal controls and policies.
• Support ad hoc accounting projects as needed.

Skills

Analytical skills

Communication skills

Teamwork

Independent working

Education

Bachelor's degree in accounting/finance or related field

Tools

Yardi

Microsoft Excel

Job description

Location Designation: Hybrid - 4 days per week

Location Designation: Hybrid - 4 days per week in the San Francisco Office.

About New York Life Investment Management

With over $800 billion in assets under management, NYLIM is a Pensions & Investments' Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients. 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.

More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.

When you join New York Life Investment Management, a wholly owned subsidiary of New York Life Insurance Company, you become part of a global investment organization with a long history and a strong commitment to career development, innovation, collaboration, and diversity, equity, and inclusion. We want our employees to feel proud to be part of a company committed to doing the right thing. Through a variety of resources and programs, you will have opportunities to develop your career while growing personally and professionally. New York Life is a relationship-based company that values both virtual and in-person interactions as important elements of our culture.

As a top 25 global asset management firm with more than $800 billion in assets under management, we have an important mission: to help build a better financial future for our clients, employees, and communities. We invite you to bring your talents to New York Life Investment Management and help us continue to support people in achieving their financial aspirations.

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. Within the equity portfolio, investments are held across New York Life’s general account, separate accounts, an open-end core fund, closed-end value-add funds, debt funds, and co-investments.

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.

What You’ll Do:

• 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.

What You’ll Bring:

• 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.

Preferred:

• 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.

Job Level: LEVELPF2

Pay Transparency

Salary Range: $75,000-$106,500

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.

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.

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 Foundation. 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 Careers page of www.NewYorkLife.com.