TIAA - Charlotte, NC

posted about 2 months ago

Full-time - Mid Level
Charlotte, NC
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Investment Accounting Manager for Real Estate is responsible for managing the investment accounting policies and procedures of the organization, ensuring their correct application to financial transactions. This role involves direct collaboration with asset management, portfolio management, and acquisition/disposition teams, while also supervising professional-level employees tasked with preparing month-end closing reports and subsidiary quarterly financial analytics. The position requires a strong understanding of financial reporting and compliance, particularly in relation to SEC guidelines and US GAAP standards. Key responsibilities include leading month- and quarter-end close reviews, overseeing the completion of oversight testing procedures, and analyzing financial results to ensure accurate accounting and reporting. The manager will ensure that all critical financial information is filed in accordance with SEC guidelines, maintaining compliance for all corporate entities. This includes the preparation of Forms 10-Q, 10-K, 8-K, and other necessary reports. The role also involves close collaboration with internal auditors, public accountants, and federal tax examiners to align practices with the organization’s overall goals. In addition, the Investment Accounting Manager will develop, update, and implement financial reporting, treasury, and segment-related processes and procedures. Maintaining a sound internal control environment is crucial, as is compliance with SOX procedures. The manager will oversee cash and liquidity management, including day-to-day cash management and liquidity forecasting. Executive-level financial reporting will be prepared for presentation to various committees and executive leadership meetings. The role requires ongoing research and interpretation of accounting guidance, ensuring compliance with new regulations and participation in industry working groups. Networking with senior personnel and stakeholders is essential for expanding knowledge and influencing outcomes. Performance management of the team is also a key responsibility, ensuring engagement, motivation, and development of the Investment Accounting team. The manager will explain investment accounting policies and procedures to ensure clarity and understanding among team members, and will lead strategic initiatives related to system upgrades and process improvements.

Responsibilities

  • Lead month- and quarter-end close reviews, including oversight testing procedures and documentation.
  • Analyze financial results to ensure appropriate accounting and reporting in accordance with US GAAP and SEC reporting guidance.
  • Ensure compliance with SEC guidelines for all critical financial information, including Forms 10-Q, 10-K, 8-K, and monthly NAV.
  • Collaborate with internal auditors, public accountants, and federal tax examiners to align practices with organizational goals.
  • Develop, update, and implement financial reporting, treasury, and segment-related processes and procedures.
  • Maintain a sound internal control environment and comply with SOX procedures.
  • Oversee cash and liquidity management, including day-to-day cash management and liquidity forecasting.
  • Prepare executive-level financial reporting for presentation to various committees and executive leadership meetings.
  • Research, interpret, and apply accounting guidance, coordinating with the Accounting Policy team.
  • Network with senior personnel and stakeholders to expand knowledge and influence outcomes.
  • Manage team performance through regular feedback and formal performance reviews.
  • Explain investment accounting policies and procedures to ensure clarity among team members.
  • Lead strategic initiatives related to system upgrades and process improvements.

Requirements

  • 5+ years of financial or investment accounting, corporate accounting, financial reporting, and/or audit experience required.
  • University degree in Accounting preferred.
  • CPA certification preferred.
  • Strong knowledge of GAAP.
  • Experience with MS Office, Excel, Yardi, Adobe, and Workiva.
  • Experience working in a fast-paced and deadline-driven environment.
  • Excellent communication skills, both verbal and written.
  • Excellent technical research skills.
  • Experience interacting with external auditors.

Nice-to-haves

  • 7+ years of financial or investment accounting, corporate accounting, financial reporting, and/or audit experience preferred.
  • Real estate accounting or investment accounting experience.

Benefits

  • Comprehensive Total Rewards package including retirement program and competitive health, wellness, and work-life offerings.
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