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Associate

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TIAA

Sep 20, 2024

  • Job
    Full-time
    Junior & Mid Level
  • Accounting & Tax
    Real Estate & Property
  • Mumbai
  • Quick Apply

AI generated summary

  • You need 2+ years of experience with Yardi, net asset value calculations, cash management, and waterfall calculations. Strong communication skills and the ability to mentor are essential.
  • You will prepare and review Net Asset Value calculations, manage cash flows, calculate performance fees, mentor team members, and liaise with finance stakeholders using Yardi and other tools.

Requirements

  • Preparation & review of Net Asset Value calculation and related workpapers
  • Knowledge of Commercial and Residential accounting in Yardi
  • Preparation & review of Management, Performances Fees
  • Hands on experience on Real estate tool – Yardi, Elevate, Alusta
  • In depth understanding of roll up rules, Equity roll ups into financial statements
  • Support ad-hoc request and other business requirements
  • Cash management including capital calls and distribution calculation
  • Preparing & review of Waterfall & carried Interest calculation
  • Training and mentoring team members
  • Responsible for communicating and liaising with finance and business stakeholders
  • University (Degree) Preferred
  • 2+ Years Required; 3+ Years Preferred
  • Physical Requirements: Sedentary Work

Responsibilities

  • Preparation & review of Net Asset Value calculation and related workpapers
  • Knowledge of Commercial and Residential accounting in Yardi
  • Preparation & review of Management, Performances Fees
  • Hands on experience on Real estate tool – Yardi, Elevate, Alusta
  • In depth understanding of roll up rules, Equity roll ups into financial statements
  • Support ad-hoc request and other business requirements
  • Cash management including capital calls and distribution calculation
  • Preparing & review of Waterfall & carried Interest calculation
  • Training and mentoring team members
  • Responsible for communicating and liaising with finance and business stakeholders

FAQs

What are the primary responsibilities of the Associate position in Real Estate?

The primary responsibilities include preparation and review of Net Asset Value calculations, cash management, Management and Performance Fees review, as well as training and mentoring team members.

What experience is required for this role?

A minimum of 2 years of work experience is required, with 3 years preferred, particularly in Real Estate accounting.

Which accounting software is used in this position?

The role requires knowledge of Yardi, along with experience with other real estate tools such as Elevate and Alusta.

Is there an educational requirement for this job?

A university degree is preferred for this position.

What skills are important for this Associate role?

Key skills include accountability, financial acumen, communication, stakeholder engagement, and an understanding of accounting standards and compliance.

How does the Associate interact with other teams?

The Associate will be responsible for communicating and liaising with finance and business stakeholders while working closely with the asset management team.

What type of work environment can one expect?

The work environment is primarily sedentary, requiring focused attention to detailed accounting tasks.

What does TIAA Global Capabilities focus on?

TIAA Global Capabilities focuses on enhancing technology, improving operational efficiency, and building a scalable organization in the shared services business space.

Is there an equal employment opportunity policy in place?

Yes, TIAA is an Equal Opportunity/Affirmative Action Employer and considers all qualified applicants regardless of various protected statuses.

Is assistance available for applicants needing accommodations during the application process?

Yes, TIAA offers support for individuals needing assistance with the online application process, including those with disabilities.

Helping those who help others retire with confidence has been our mission for 100+ years.

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Mission & Purpose

TIAA (Teachers Insurance and Annuity Association) is a leading financial services organisation dedicated to serving individuals and institutions in the academic, research, medical, cultural, and nonprofit fields. With a focus on retirement services, investment management, and financial advice, TIAA helps clients achieve financial well-being and navigate their unique financial goals. TIAA's ultimate mission is to provide financial security and support for those who serve others, including teachers, researchers, and healthcare professionals. Their purpose is to empower individuals and institutions to make informed financial decisions, grow their assets, and create a more secure future. With a commitment to excellence, integrity, and customer-centricity, TIAA strives to be a trusted partner and help clients build a strong financial foundation throughout their lives.