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Accounting Manager, Real Estate Accounting

Company: Realty Income
Location: San Diego
Posted on: November 22, 2021

Job Description:

Realty Income, The Monthly Dividend Company-- , one of four San Diego based S&P 500 companies dedicated to providing shareholders with dependable monthly income. Our company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 10,000--real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, our company has declared over 600 consecutive common stock monthly dividends throughout its 52-year operating history and has continually increased the dividend 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!


Reporting to the VP, Assistant Controller, Real Estate Accounting, the Manager, Real Estate Accounting is responsible for managing month-end close and review of--monthly financial reports and reporting packages.

What you'll be working on day to day:

  • Manage daily accounting operations for the designated portfolios/accounting areas, including Spain and Joint Ventures.
  • Supervise month-end close procedures to meet company's reporting deadlines.
  • Review and approve account reconciliations and journal entries.
  • Manage internal/external reporting requirements for Joint Ventures, including review of reporting packages, operating cash distributions, non-controlling interest calculation and equity method accounting.
  • Analyze completion balance sheet for Spain entity acquisitions, investigate and reconcile discrepancies.
  • Perform accounting research and implement new accounting procedures. --Financial Statements and Analysis
    • Prepare/review Joint Venture financial statements and disclosures for annual audits.
    • Prepare budget vs. actual, actual vs. actual financial variance schedules and work with Corporate Finance, Property Management and Finance Operations to provide accurate fluctuation analysis. --External/Internal Audit
      • Act as liaison with external auditors for annual Joint Venture audits. Assist in internal/external audits and analysis of other property financials, as wells as walk through of internal controls.
      • Document accounting procedures and processes. --Other
        • Consistently review current processes for improvement.
        • Assist in the implementation and testing of new Yardi modules and upgrades.
        • Train staff and senior accountants.
          REQUIRED QUALIFICATIONS: Knowledge, Skills, and Abilities : --
          • Clear understanding of US GAAP and Lease accounting.
          • Must be organized, detailed, flexible, efficient and take ownership of own work product.
          • Ability to work under pressure and adhere to strict deadlines.
          • Strong analytical and oral and written communication skills.
          • Intermediate to advanced Microsoft Excel skills.
          • Ability to supervise and lead others.
          • Ability to handle large volume of data. Education and Experience:
            • 4 year Bachelor's degree from an accredited college or university, with an emphasis in accounting, finance or related field.
            • 6+ years of relevant work experience. Public accounting experience is required.
            • Real estate industry experience is highly preferred. Certificates, licenses or registrations:
              • Certified Public Accountant license highly preferred.

Keywords: Realty Income, San Diego , Accounting Manager, Real Estate Accounting, Executive , San Diego, California

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