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Investment Accounting Management
The Investment Accounting Management job manages the investment accounting policies and procedures of the organization and ensures they are correctly applied to financial transactions. This job partners directly with asset management, portfolio management and acquisition/disposition teams, and also supervises professional level employees who are responsible for preparing month end closing reports and subsidiary quarterly financial analytics.
Key Responsibilities and Duties
• Leads the preparation of timely and accurate GAAP financial statements, disclosures, work papers and supporting schedules to satisfy all investment accounting requirements for investors and auditors.
• Managers debt foreclosures, deed in lieu closings and other debt-related activity including payoffs, originations, modifications and sales.
• Oversees REIT structures, compliance, testing and regulations.
• Prepares and reviews performance returns such as IRR calculations.
• Completes investor reporting (including ad-hoc requests) and lender compliance.
• Manages debt fund banking functions such as opening and closing accounts, line of credit draws and paydowns, wires, account transfers, distributions and capital calls.
• Works closely with client services, portfolio management, internal auditors, public accountants, federal tax examiners, and other financial professionals ensuring that practices are in line with the overall goals of the organization.
• Manages month-end close and related journal entries for the real estate debt funds.
• Explains investment accounting policies, procedures and control processes to ensure that policies are clear and understood by all team members.
• Manages performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional products and engagement, motivation, and development of Investment Accounting team.
Educational Requirements
• University (Degree) Preferred
Work Experience
• 5+ Years Required; 7+ Years Preferred
Physical Requirements
• Physical Requirements: Sedentary Work
Career Level
8PL
Required Qualifications:
• 5+ Years accounting experience
Preferred Qualifications:
• 7+ years accounting experience
• Previous debt investment accounting experience
• Familiarity or experience with open and closed-end funds
• Knowledge of capital stacks/financing options for debt transactions
• Experience in accounting for foreclosures, deed in lieu, and debt financing modification transactions
• University degree in Accounting or Finance
• Strong proficiency in Excel
• Previous experience with Yardi and Workiva
• Familiarity with REIT fund structures and related tax regulations
• Previous supervisory or management experience
• Experience working in a fast paced and deadline driven environment
• Excellent verbal and written communication skills
• Experience interacting with external partners
#LI-KD2
Related Skills
Accountability, Accounting Standards, Client Relationship Management, Collaboration, Commercial Acumen, Communication, Compliance, Data-Driven Business Intelligence, Due Diligence, Executive Presence, Financial Acumen, Financial Modeling, Financial Risk Management, Financial Statements, Fund Accounting, Market/Industry Dynamics, Stakeholder Engagement, Story Telling
Anticipated Posting End Date:
2024-09-03
Base Pay Range: $96,800/yr. – $154,400/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
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Company Overview
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com
Benefits and Total Rewards
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. To learn more about your benefits, please review our Benefits Summary.
Equal Opportunity
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.
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