Real Estate Investment Accountant

Overview

The Investment Accounting group is responsible for accounting and reporting for invested assets, including private equity, hedge funds, commercial residential loans, and equity securities. This role involves reconciliation of transactional data from various sub-ledgers to the general ledger and financial statements, as well as external reporting such as 10Q, 10K, Financial Supplement, STAT Audited Financials, and Investment NAIC reporting. The team also implements new GAAP and STAT accounting standards related to invested assets, establishes accounting for new transactions or investment types, and manages risks, controls, and audits related to investments and Investment FP&A.

Responsibilities

• Manage accounting processes related to monthly and quarterly close to ensure accuracy of invested assets data, focusing on real estate funds and reviewing property financials
• Prepare statement of cash flows for investments (Real Estate Funds)
• Prepare certain investment disclosures for 10Q, 10K, and Financial Supplement, including Investment, Lending, Fair Value, VIE Footnotes, and Investment MD&A
• Lead new initiatives for process improvements in coordination with other department areas
• Manage annual investment-related NAIC STAT reporting exhibits, schedules, and disclosures
• Serve as point of contact and support for various business units and corporate controllers
• Coordinate with organizational areas to understand new investment transactions and provide guidance to ensure accurate accounting across GAAP and STAT bases
• Prepare accurate net asset values (NAVs), yields, distributions, and other fund accounting outputs for review
• Prepare, review, and analyze financial reporting including GAAP financial statements (historical and investment company accounting), cash flows, budgets, REIT reporting, and project-specific reporting
• Calculate and review LP/GP investor allocations including incentive fees, management fees, waterfall calculations, and IRRs; manage capital calls and distributions
• Coordinate and monitor external audit processes
• Proactively identify and resolve accounting, reporting, and tax issues
• Manage joint-venture partner and property manager relationships, including review of monthly financial statements and coordination with property managers

Basic Qualifications

• Minimum 5 years of experience in Insurance, Financial Services, and/or Fund Accounting
• Minimum 2 years of Yardi experience in Real Estate

Preferred Qualifications

• Bachelor's degree in a quantitative field such as Finance, Accounting, Math, or Statistics; advanced degree or CPA is a plus
• Experience with a Big 4 or other internationally recognized CPA firm is a plus
• Experience in accounting and reporting for investments
• Demonstrated experience with financial reporting, financial statement presentation, budgeting, and transaction analysis
• Knowledge of fixed income and equity securities
• Strong knowledge and experience with financial instruments including fixed income, equity securities, loans, and alternative investments
• Strong knowledge of GAAP accounting pronouncements, US GAAP, and US insurance statutory disclosure and reporting requirements for invested assets
• Experience in controllership or financial reporting roles in the public company insurance sector is a plus
• Experience developing executive-level presentation materials
• Excellent computer skills including Yardi, Microsoft Office Suite, and advanced Excel skills

Professional Qualifications

• Ability to work in an agile manner with comfort in uncertainty and fluidity
• Strong written and oral communication skills
• Superior organizational skills and ability to multitask across various systems and processes to meet competing deadlines
• Highly motivated with attention to detail and strong quantitative and analytical skills
• Strong analytical and critical problem-solving skills
• Ability to manage a broad range of stakeholders
• Self-starter and team player with ability to communicate effectively with diverse teams

Compensation & Benefits

Compensation varies based on factors including office location, role, skill set, and experience level. The anticipated salary ranges by location are:

• California: $73,800 to $218,800
• Cleveland: $68,300 to $175,000
• Colorado: $73,800 to $189,000
• District of Columbia: $78,500 to $201,300
• Illinois: $68,300 to $189,000
• Maine: $62,800 to $161,000
• Maryland: $73,800 to $189,000
• Massachusetts: $73,800 to $201,300
• Minnesota: $73,800 to $189,000
• New York: $68,300 to $218,800
• New Jersey: $78,500 to $218,800
• Virginia: $68,300 to $201,300
• Washington: $80,200 to $201,300

The organization offers a competitive benefits package including medical, dental, vision, life, and long-term disability coverage, a 401(k) plan, bonus opportunities, paid holidays, and paid time off.

Location

Multiple U.S. locations as listed in the compensation section.

Additional Information

• The posting is anticipated to remain open until 08/06/2026.
• Applicants must have work authorization in the United States that does not require visa sponsorship now or in the future.
• Reasonable accommodations are available for persons with disabilities or religious observances during the hiring process and employment.
• Equal employment opportunity is provided without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status, or any other protected status under federal, state, or local law.
• Criminal conviction history is not an absolute bar to employment.
• Employees are protected from discrimination related to pay discussions.
• Additional notifications apply for California residents, especially those living or working in Los Angeles County.