Description
As the Manager, Joint Venture Accounting for Realty Income, you will be responsible for addressing the financial statement and reporting requirements for the company’s various consolidated and unconsolidated joint ventures (JVs). Among other special projects, the position will frequently interact with our JV partners to ensure that the operations of the JV are running in accordance with the applicable terms, perform accounting research on applicable questions, and report on the financial statements of the JVs.
Reporting to the Director, Corporate Accounting, this position will ensure that Accounting has the necessary technology and tools to support company growth for its JVs.
What you’ll be working on:
General Ledger and Compliance
- Review of monthly JV transactions, journal entries and general ledger account reconciliations.
- Assist the JVs in accessing resources and services (e.g. skills, data, tools, best practices, relationships) inside the company.
- Monitor and manage or coordinate information requests, audits, and communications between JV parties.
- Understand all interfaces between the company and JVs and intervene where necessary to ensure value creation and maintain support.
- Work with the JV Board to develop and update the company’s strategy for given JVs.
- Review calculation of distributions to JV partner.
Financial Reporting
- Manage ongoing operational and financial performance reporting, including internal metrics, tracking and investor-level reporting, as mandated by the JV agreements.
- Oversee and conduct analysis on JVs, prepare materials for internal discussion and approvals, and manage the preparation of the JV financial statements.
- Establishment and participation in the review procedures utilized for drafts of all JV financial packages, to ensure that backup ties to reported amounts.
- Administrate software to be used for internal preparation of JV documents.
Research
- Create and maintain JV accounting policies or processes and streamline internal processes to gain efficiencies and maintain sound internal controls.
- Special projects, including performing accounting research, formally documenting the conclusions of management by preparing memos, and assisting the Technical Accounting Group to comply with new accounting standards and disclosures related to JVs.
Other
- Preparation/review of quarterly management materials.
- Involvement in the continuing design and maintenance of our ERP system (Yardi).
- Coordinate preparation of fluctuation analysis for month-end financials.
- Evaluate software needs to troubleshoot potential gaps and ensure that adequate tools are maintained for the group.
- Ad-hoc accounting and financial reporting special projects, as assigned.
- Working with Accounting Management daily to initiate, record, or review key transactions in accordance with U.S. GAAP.
- Frequently assisting Accounting Management with the preparation and review of JV requirements.
- Frequently working with external auditors to comply with SEC and SOX requirements.
Required Qualifications:
- BS in Accounting/Finance.
- 5+ years of relevant work experience, preferred in joint venture accounting.
- Big 4 or National audit firm (or equivalent) experience.
- Licensed Certified Public Accountant (CPA).
- Must have a clear and thorough understanding of U.S. GAAP.
- Strong financial acumen and knowledge of financial statements.
- Strong oral and written communication skills.
- Excellent PC skills including Outlook, Word, Excel and PowerPoint.
What you will get in return:
The base salary for this role is in the range of $87,550 – $138,971. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, (dependent on date of hire) to be discussed during the initial phone interview. Base salary and total compensation package determined by the candidate’s experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data.
Most US based full-time and part-time roles come with flexible schedules. We offer a best-in-class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle-specific benefits, along with 12 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income’s purpose is to build enduring relationships and brighter financial futures, and this starts with you!
Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index®. Our purpose is to build enduring relationships and brighter financial futures. For more than five decades, we have invested in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 12,200 real estate properties owned under long-term net lease agreements with commercial clients. To date, the company has declared 634 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 120 times since Realty Income’s public listing in 1994 (NYSE: O). Our company attracts individuals who value integrity, perseverance, and teamwork. If you appreciate working in a professional environment that rewards employees based on merit and values a work-life balance, make sure to apply today!
Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. For more information click here. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact [email protected], or call 800-375-6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.