Location Designation: Hybrid - 4 days per week About New York Life Investments 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. Business Overview New York Life Real Estate Investors (NYL REI) is the real estate investment platform within New York Life Investment Management. With over $73.2 billion in assets under management as of December 31, 2025, NYL REI invests across real estate equity, debt and securities strategies, serving institutional investors and the New York Life General Account. Leveraging more than a century of real estate investment experience, New York Life Real Estate Investors (“REI”) believes that investment principles which incorporate sustainability best practices promote favorable relative returns for our clients over the long term. 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. We are seeking an Associate Accounting professional to support financial accounting and cash management activities across our real estate investment portfolio. This role offers the opportunity to develop in-depth knowledge of the real estate investment industry while building strong technical accounting and financial management skills. The Associate will be responsible for supporting the financial integrity, cash management, and timely reporting of real estate investments across funds, properties, assets, and joint ventures. Responsibilities will also include debt compliance, GIPs, NCREIF reporting, and investor account financials. The ideal candidate will bring strong analytical and technical skills, attention to detail, and an interest in developing expertise in real estate investment accounting. Responsibilities · Ensure accurate and timely financial information is provided to internal management, internal and external auditors, and external clients, as appropriate. · Review and maintain quarterly valuation changes and calculate asset management fees and net asset value (NAV), as applicable. · Perform reconciliations between custodian bank records and accounting records, review pricing and appraisal adjustments, support real estate reporting to clients, and serve as a primary point of contact for assigned audits. · Address and respond to financial requests from Real Estate Officers related to investment performance, fund financial statements, and other portfolio matters. · Review capital call and distribution calculations, sources and uses, allocations, and investor notices. · Maintain and enhance accounting procedures and internal control processes to support accurate and efficient financial reporting. · Support cash management and accounts payable activities, including payment processing, expense coding and classification, and maintenance of accurate cash management records. · Collaborate with the accounting team to ensure the appropriate coding and classification of expenses. · Maintain accurate and up-to-date records in the cash management system, including vendor information, invoice details, and payment status. · Contribute to process improvement initiatives designed to streamline cash management and accounting processes and enhance efficiency, accuracy, and controls. · Stay current on industry best practices, regulatory developments, and changes in accounting standards relevant to real estate investment accounting and cash management. · Perform additional projects and financial analyses as requested by senior management. Qualifications · Undergraduate degree in Accounting, Finance, or a related field. · 0–3 years of experience in accounting, fund accounting, public accounting, real estate, private equity, or investment management preferred. · Experience with fund-level accounting, historical cost/GAAP accounting, statutory accounting, and tax reporting is a plus. · Knowledge of cash management and accounts payable processes preferred. · Experience with corporate accounting, consolidations, and SOX reporting is a plus. · Strong Excel and analytical skills; experience with Yardi or other real estate accounting systems preferred. · Strong attention to detail, ownership mindset, and written and verbal communication skills, with the ability to manage multiple priorities and deadlines. · Ability to evaluate, document, and implement best-in-class policies, procedures, and process improvements. · Ability to work collaboratively across accounting, investment, and operational teams. 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. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com. Pay Transparency Salary Range: $76,000-$106,000 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. Company Overview At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact. Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress. As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it. 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. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site. 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. Click here to learn more about New York Life’s leadership in this space. 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. Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities. Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs. Job Requisition ID: 95001 About NY Life Insurance Company Diversity & Humanity–two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy. As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others. You are our future, and we commit to investing in you accordingly. Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities. Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs. Required Legal Notices – All Candidates Please Click Here Nearest Major Market: Manhattan Nearest Secondary Market: New York City Job Segment: Real Estate, Realtor, Accounts Payable, Social Media, Private Equity, Sales, Finance, Marketing APPLY NOW » APPLY NOW • Apply Now • Start apply with LinkedIn Start • Please wait... 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