Who We Are
Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision, and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement, and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client-centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.
Position Summary
Corebridge Real Estate Investors is seeking an Investment Accounting Manager who will work under the supervision of a team primarily responsible for the accounting, tax, reporting, and treasury aspects within the Corebridge Financial real estate investment portfolio, including funds with third-party investors. This position requires someone who is motivated, interested in learning, and very attentive to detail. The individual for this position should be comfortable contributing to a team, prefer working in a busy environment where new and complex transactions occur, and enjoy interfacing at various levels within and outside the organization. This position offers experience in many accounting, reporting, and tax areas of responsibility within a line of business offering excellent growth opportunities.
Experience Needed
- A minimum of 5 years of accounting and finance work history within the real estate industry. Work experience with a “Big 4” or other internationally recognized CPA firm a +. Understanding of both U.S. GAAP investment company and historical cost accounting methods. CPA license is preferred.
- Must have a good work ethic. The accounting manager role requires working under pressure with various projects and deadlines while reporting to multiple people. There will be significant interaction with joint venture partners, Corebridge Financial internal groups, third-party property managers, fund administrators, asset/investment managers, and internal/external auditors.
- It is essential that the individual be proactive with matters and responsive to management. Candidate must be able to work well independently and be capable of identifying and resolving issues. Must have experience guiding and reviewing the work of junior team members. Individual should be detail-oriented and willing to take a hands-on approach in all elements of the job.
- Demonstrated experience with financial reporting/financial statement presentation, budgeting, transaction analysis.
- Must possess strong oral and written communication skills. There will be substantial interaction with many parties. The ability to communicate effectively is important.
- Excellent computer skills, including Yardi, Microsoft Office Suite, and Advanced Excel skills.
Functions/Responsibility
In addition to assisting management in special projects, as assigned, the core responsibilities of this position include:
- Preparing accurate net asset values (NAVs), yields, distributions, and other fund accounting outputs for subsequent review.
- Prepare, review, and analyze financial reporting, including GAAP financial statements (under both historical and investment company accounting), cash flows, REIT reporting, and other project-specific reporting.
- Accounting responsibilities, including general ledger function, Investor, fund and property level reporting, and cash management.
- Calculation and review of LP/GP investor allocations including incentive fees, management fees, waterfall calculations, and IRRs. Capital Call/Distribution management.
- Coordinate and monitor external audit process.
- Proactively identifying and resolving accounting, reporting, and tax issues.
- Management of joint-venture partner relationships including review of monthly financial statements and participation in site visits (on an as-needed basis) to investment properties.
- Assistance with the development of accounting policies and procedures and resolving internal control concerns.
- Supporting the annual budget, monthly estimate, and quarterly variance reporting processes.
- Preparation of reporting to various internal third-party groups under tight deadlines.
What Our Employees Like Most About Working For Corebridge Financial
- We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with increased responsibility and increased compensation.
- Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us? We put our money where our mouth is! Corebridge Financial will give you up to 16 hours a year paid time off to volunteer in the community.
- Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous benefits plan and competitive pay. Benefit package includes:
- Paid Time Off (Corebridge Financial recognizes the importance of work-life balance). We offer 24 PTO days to start. YES, 24! 17 paid holidays per calendar year.
- A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of if you enroll or not.
For positions based in New York City, NY the base salary range is $140,000 - $175,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits.
We are an Equal Opportunity Employer
Corebridge Financial, Inc., its subsidiaries and affiliates are committed to being an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: www.corebridgefinancial.com
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area
FA - Finance
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
Corebridge Institutional Investments Holdings Corp.
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