Investment Accounting Manager

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

     • We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners
     • We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders
     • We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future
     • We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work

Who You'll Work With

As a highly collaborative team, we serve as effective partners and balance sheet stewards providing the financial leadership to deliver on Corebridge’s strategic objectives. As a member of the Finance team, you will:

• Act as an effective and trusted business partner
• Provide actionable insights and analysis, influencing business partners and accelerating decision-making.
• Be a prudent and efficient allocator of capital
• Optimize return on capital by balancing balance sheet strength, investment in growth and shareholder returns.
• Focus on process improvement
• Build an efficient operating model to maximize time spent on value-adding activities.
• Re-engineer and streamline end-to-end processes and controls, eliminating manual and redundant work.
• Develop and retain talent:
• Cultivate a diverse and inclusive workforce with appropriate technical skillsets and ability to adapt to an evolving public company.

About The Role

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.

Responsibilities

• 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.

Skills and Qualifications

• 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.

Work Location

This position is based in Corebridge Financials' Houston, TX, Jersey City, NJ. or Woodland Hills, CA office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. However, we are open to considering full remote candidates.

#LI-SB1  #LI-SAFG #LI-Remote

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building 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 colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  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, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Functional Area:

FA - Finance

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

Corebridge Institutional Investments Holdings Corp.