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.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
7IC

Required Qualifications

• 3+ years of accounting and financial statement reporting experience

Preferred Qualifications

• 5+ years of accounting and financial statement reporting experience
• Bachelor's Degree in Accounting/Finance
• Certified Public Accountant (CPA) or CPA candidate preferred
• Public accounting experience
• Proficient in GAAP and financial statement reporting
• Ability to prioritize, highly organized, detail oriented, and accuracy with numbers
• Technical research, with excellent communication and writing skills
• Excellent analytical, troubleshooting, and conceptual skills
• Self-directed, self-starter, and motivated with the ability to work with minimal supervision
• Experience with investment accounting or operating entities
• Proficient in Excel, Word and PowerPoint. Knowledge of Yardi and PeopleSoft.

Additional Job Duties:

• Maintain accounting and financial reporting for TIAA subsidiaries which invest in alternative assets, including agriculture, timber, energy, and infrastructure. Framework includes GAAP, IFRS, and statutory basis of accounting and reporting.
• Participate in the monthly close process, including the recording of investment activity, reconciliation of ledgers and data warehouses, and compiling of reports to internal stakeholders.
• Design, test, and analyze financial information and transactions to ensure data integrity and appropriate treatment. Produce clear, accurate, and well-organized documentation to support work performed.
• Prepare financial statements and related footnote requirements. Liaise with external auditors to facilitate the timely completion of audited financial statements.
• Support investment income forecasts and monitor variances to actual.
• Stay informed of accounting and industry developments. Research moderate to complex accounting matters, prepare technical memos, and coordinate with the Accounting Policy team to ensure appropriate application of accounting principles.
• Support new transactions and other events that impact the portfolio. Advise on requirements, processes, risks, and costs from a Finance perspective.
• Participate or lead efforts on projects such as systems implementations, technical accounting transitions, and regulatory efforts.
• Maintain standard operating procedures and SOX documents. Support SOX and TIAA internal audits. Maintain a sound internal control environment.
• Partner with Asset Management, Risk Management, Corporate Tax, Valuation Services, Accounting Policy, Regulatory Reporting, Internal Audit, and Compliance
• May provide functional advice, train, and oversee the work of less experienced team members

Potential Salary: $95,000.00 USD

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).

Company Overview

TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

COVID-19 Vaccination

TIAA requires all U.S. employees to be fully vaccinated against COVID-19 and provide documentation of full vaccination, unless you qualify for an accommodation as determined by TIAA consistent with applicable law.

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: [email protected]

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