Investment Accountant I
Location:
Charlotte , North Carolina
Posted:
October 19, 2017
Reference:
1710327
Job Description

COMPANY OVERVIEW:

 

Since 1918, it has been TIAA’s mission to serve, our ability to perform and the values we embrace that make us a different kind of financial services organization. We’re dedicated to serving the financial needs of those in the academic, medical, cultural, governmental and research fields, and committed to helping make lifetime financial well-being possible for them.

 

By building a culture that allows all employees to contribute their unique talents and skills, we’re able to provide our customers with fresh ideas and distinct perspectives to help them achieve their goals.  We believe a diverse and inclusive workforce is one of our greatest strengths and a key measure of our success*.

 

For more information about TIAA, visit our website.

 

POSITION SUMMARY:

 

Applies knowledge of GAAP and statutory accounting principles to perform standard real estate accounting tasks.  Applies basic knowledge, skills and experience to resolve a range of issues. Applies technical knowledge to identify ways to complete assignments. Prepares journal entries and ensures accurate and timely posting to the real estate general ledger. Prepares ledger account reconciliations and processes transactions related to the real estate portfolio. Reconciles and reviews all manual and automated accounting information from property managers, partnerships and other service providers

 

KEY RESPONSIBILITIES AND DUTIES:
 

Responsible for the accounting and analysis of various real estate holdings.  Identifies, analyzes and resolves variances generated by the reconciliation process.  Prepares monthly journal entries.  Prepares monthly account reconciliations.  Provides supporting documentation for SOX and Audit purposes.  Monitors standard transactions and ensures they are in compliance with Statutory/GAAP guidelines.  Recognizes implications of control and process problems and issues.  Participates in the implementation of process enhancements.  May document system controls and procedures.  Prepares responses to ad hoc requests for analyses.  Normally receives little instruction on day-to-day work and general instruction on new assignments.

 

Impact:

External
Financial statements and other schedules released externally are expected to be accurate and reliable.  The reports issued by the Company are subject to scrutiny by auditors, regulators, and the general public.  Incorrect and/or delayed financial reports can result in reputational, financial, or regulatory risk to the Company.  

 

Internal
Financial data released internally directly impacts the decisions made by executives when evaluating performance and developing future strategy. 

 

Problem Solving: 
Strong candidates for this position will evaluate and improve established processes to provide efficiencies, cost savings and add value to the organization. Ideal candidates will also be able to analyze financial data to identify trends or anomalies that may require additional research.

 

Functional Knowledge:
This position requires fluency in basic Excel capabilities.  Enhanced familiarity with Excel has a positive correlation with success in this position.  

 

Interactions / Interpersonal Skills: 
Networks with personnel internally and across groups to resolve issues and gain needed information. Contributes to projects that have a moderate impact to the organization. Communicates with real estate asset managers, third-party property managers and real estate operations and reporting areas.

 



QUALIFICATIONS:


Required Skills:

Proficiency with Excel and Word

Knowledge of GAAP and SOX requirements

Familiarity with financial statements and footnotes

1-2 years of experience in public accounting or corporate accounting is required, with a preference towards a real estate background.

Required Certification(s), degree(s) or license(s): 

Bachelor’s Degree in Accounting or Finance

Desired Skills:

Yardi experience a plus



Equal Employment Opportunity is not just the law, it’s our commitment. Read more about the Equal Employment Opportunity Law.


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This organization is an equal employment opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, this organization expressly prohibits discrimination, harassment, and retaliation on the basis of race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy (including childbirth, breastfeeding or related medical conditions where applicable), sexual orientation, gender, gender identity, gender expression, transgender, marital status, national origin, ancestry, physical or mental disability, requesting a reasonable accommodation based on mental or physical disability, medical condition (as defined by applicable law), genetic history and information, citizenship status, military or veteran status, or any other status protected by federal, state, or local law or ordinance or regulation (collectively referred to here as “protected characteristics”).


*©2016 Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY 10017


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